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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.
ACCO Brands Corporation (NYSE: ACCO) will release its fourth quarter and full year 2020 earnings on February 16, 2021, after the market closes. The company will discuss the results during a conference call and webcast on February 17 at 8:30 a.m. EST. The webcast can be accessed on ACCO's Investor Relations website. ACCO is a leading global supplier of branded academic, consumer, and business products, with recognized brands sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) will participate in a fireside chat at NobleCon17, scheduled for January 20 at 10:30 a.m. EST. The discussion will be webcasted, allowing investors to access it via www.noblecon17.com. An archive of the chat will be available on ACCO's Investor Relations webpage starting January 21, as well as on www.channelchek.com in February. This engagement reflects ACCO's commitment to maintaining transparency with investors.
ACCO Brands Corporation (NYSE: ACCO) has finalized the acquisition of PowerA, a prominent provider of gaming controllers and accessories. This strategic move aims to enhance ACCO's focus on the consumer market, with over 50% of sales expected from consumer, school, and technology products post-acquisition. CEO Boris Elisman emphasized that this acquisition is a significant part of their growth strategy, tapping into a faster-growing segment within the gaming industry. Details surrounding the transaction can be accessed through their official website.
ACCO Brands Corporation (NYSE: ACCO) will participate in Noble Capital Markets' Virtual Road Show Series on December 16, 2020, at 1 p.m. EST. The event will feature a presentation from Chairman and CEO Boris Elisman and a Q&A session led by Noble Senior Research Analyst Joe Gomes. Registration is free and limited to 100 attendees. The presentation will also be accessible via the ACCO Brands Investor Relations website and Channelchek.com following the event.
ACCO Brands introduces its new TruSens air purifiers, responding to a surge in consumer demand for cleaner indoor air. The Medium (Z-2500) and Large (Z-3500) models feature DuPont HEPA filtration and enhanced SensorPod technology for real-time air quality monitoring. Both models support remote control via the TruSens App, compatible with iOS and Android. The purifiers promise efficient delivery of clean air and are designed for easy setup with prices set at $349 and $499, respectively.
ACCO Brands Corporation (NYSE: ACCO) will participate in BofA’s 2020 Leveraged Finance Virtual Conference on November 30 at 10:30 a.m. EST, presenting in a fireside chat format. The presentation will be available via webcast through the company's Investor Relations section. A replay of the event will be accessible within 24 hours and will remain available until March 2, 2021. ACCO Brands is a leading global designer and manufacturer of branded educational, consumer, and business products, recognized for its numerous well-known brands.
ACCO Brands announces the launch of Xyron's new line of Hot Glue Guns, designed for both small and high-volume crafting projects. The lineup includes four styles of glue guns and four types of glue sticks, offering high-temperature performance and safety features such as silicone insulated nozzles. The Xyron Hot Glue Pen, priced at $29.99, caters to intricate designs, while the Mini Hot Glue Gun is available at $7.99 for quick projects. This innovative product lineup reflects ACCO's commitment to enhancing creative solutions for artists and hobbyists.
ACCO Brands Corporation (NYSE: ACCO) has announced its agreement to acquire PowerA, a prominent provider of gaming accessories, for a total upfront payment of $340 million, with potential additional payments based on performance. This acquisition aims to enhance ACCO's consumer-focused strategy, which has previously seen significant growth. PowerA holds a strong position in the gaming market, showing over 20% sales growth in 2020, expected to reach approximately $200 million. The deal is anticipated to be accretive to earnings in its first year and aims to leverage ACCO's global reach.
ACCO Brands Corporation (NYSE: ACCO) is set to participate in the virtual Southwest IDEAS Investor Conference, with its presentation scheduled for November 18 at 8:00 a.m. EST. The webcast will be accessible via the Investor Relations section of www.accobrands.com and the conference website, www.IDEASconferences.com. The presentation will be archived for 90 days post-event, allowing investors to revisit the insights shared during the conference.
ACCO Brands Corporation (NYSE: ACCO) reported third quarter earnings for the period ending September 30, 2020, with a net income of $18.8 million, or $0.20 per share, down from $28.0 million, or $0.28 per share in 2019. Net sales decreased by 12% to $444 million due to COVID-19 impacts, while adjusted net income was $18.1 million, or $0.19 per share. The EMEA region showed improvement, partially offsetting declines in Latin America and North America. The company generated $89 million in cash from operations and repaid $124 million in debt during the quarter.
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