Welcome to our dedicated page for Acco Brands news (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands stock.
Acco Brands Corporation (NYSE: ACCO) is one of the world's largest suppliers of branded office products. With a robust portfolio of industry-leading brands such as AT-A-GLANCE®, Five Star®, Kensington®, Mead®, Swingline®, and many others, Acco Brands generates nearly $1.8 billion in annual revenue and markets its products in over 100 countries. The company operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International, offering a wide range of products including school notebooks, janitorial supplies, whiteboards, storage and organization products, and computer accessories.
Recent achievements include the launch of innovative Kensington docking stations that support the latest USB-C laptops, a multi-year cost savings program projected to save $60 million annually, and the introduction of the PowerA Lumectra RGB technology for Nintendo Switch controllers. Acco Brands is committed to enhancing shareholder value through continuous innovation, strategic cost reductions, and a strong focus on new product development.
Acco Brands is also dedicated to building a winning culture for its employees, providing global career opportunities in a dynamic and results-oriented environment. The company's financial health is reinforced by a significant improvement in operating cash flow and a reduced debt leverage ratio, demonstrating its resilience in overcoming market challenges.
For more information, visit www.accobrands.com or follow the company on their social media platforms.
PowerA has launched the FUSION Pro 2 Wired Controller for Xbox Series X|S, aimed at enhancing the interactive gaming experience. Priced at $89.99, this advanced controller features customizable components such as swappable thumbsticks and paddles, enabling users to tailor gameplay. Notable features include a Mappable Pro Pack, three-way trigger locks, and dual rumble motors for immersive play. Additionally, it offers a comfortable grip for extended use and comes with a protective case. All products are backed by a two-year limited warranty.
ACCO Brands Corporation (NYSE: ACCO) announced a quarterly cash dividend of $0.065 per share, to be paid on June 21, 2021. This dividend will benefit stockholders of record as of the close of business on May 27, 2021. ACCO Brands is recognized as one of the largest designers and manufacturers of branded academic, consumer, and business products, offering renowned brands like AT-A-GLANCE® and Swingline®. The company operates globally, with products sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) reported first quarter results for the period ending March 31, 2021. Net sales rose 7% to $411 million, aided by the PowerA acquisition, despite a 13.5% decline in comparable sales due to COVID-19 impacts. EPS reported was $(0.21), down from $0.08 last year. The company experienced an operating loss of $1.1 million, affected by increased costs and restructuring. However, EMEA showed strong growth, with sales increasing 23.1%. The outlook for Q2 anticipates sales between $460 million and $490 million, driven by PowerA.
ACCO Brands Corporation (NYSE: ACCO) announced with great sadness the unexpected passing of director James A. Buzzard on April 9, 2021. Mr. Buzzard had been a member of the Board since 2012 and served as the lead independent director since 2017. CEO Boris Elisman expressed condolences, highlighting Buzzard's outstanding contributions as a director, leader, and mentor. ACCO Brands is a leading designer and manufacturer of branded products, selling in over 100 countries, with a diverse portfolio of well-known brands.
ACCO Brands Corporation (NYSE: ACCO) will release its first quarter 2021 earnings on April 27, 2021, after market close. Investors can join a conference call and webcast on April 28 at 8:30 a.m. EDT to discuss the results. ACCO is a leading designer and manufacturer of branded academic, consumer, and business products, with renowned brands sold in over 100 countries. For more information, visit www.accobrands.com.
ACCO Brands Corporation (NYSE: ACCO) announced its participation in the Sidoti Spring 2021 Virtual Conference, with a presentation set for March 24 at 1:00 p.m. EDT. The event aims to provide insights into the company’s performance and strategic initiatives. Investors can access the presentation through the Investor Relations section of www.accobrands.com or via a direct link. The presentation will be available for 90 days post-event, ensuring broader access to company updates for stakeholders.
ACCO Brands Corporation (NYSE: ACCO) has priced a private offering of $575 million in 4.25% Senior Unsecured Notes due 2029, set to close on March 15, 2021, subject to standard conditions. The proceeds will be utilized to redeem all $375 million of its 5.25% Senior Unsecured Notes due December 2024, repay approximately $180 million in borrowings from its secured revolving credit facility, and cover fees associated with the offering. The notes will be offered to qualified institutional buyers only.
ACCO Brands Corporation has announced a private offering of $650 million in senior unsecured notes maturing in 2029. The proceeds will be used to redeem $375 million of its 5.25% senior unsecured notes due December 2024, repay part of its revolving credit facility, and cover offering-related expenses. This transaction is contingent upon the successful completion of the new notes offering. The notes will be offered under Rule 144A and Regulation S, exempting them from registration requirements.
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.065 per share. The dividend is scheduled to be paid on March 29, 2021, to stockholders of record by the close of business on March 17, 2021.
As a global leader in the design and manufacture of branded academic, consumer, and business products, ACCO Brands is known for its extensive portfolio of brands available in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) reported a 15% decline in net sales for 2020, totaling $1,655 million, with EPS decreasing to $0.65 from $1.06 in 2019. The company attributed these declines primarily to COVID-19 impacts. Despite challenges, ACCO acquired PowerA, enhancing its position in the video gaming accessories market. Free cash flow for the year was $104 million, and the company returned $41 million to shareholders through dividends and share repurchases. Looking ahead, ACCO anticipates flat to 4% growth in Q1 2021 sales.
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