Welcome to our dedicated page for Acco Brands Corporation news (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands Corporation 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.
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) exceeded its full-year 2023 outlook with reported net sales of $1.833 billion, operating income of $45 million, and adjusted EPS of $1.09. The company reduced total debt by $88 million, generated adjusted free cash flow of $118 million, and decreased consolidated net leverage ratio to 3.4x. Despite challenges in the demand environment, ACCO Brands' gross margin expanded, delivering strong free cash flow. The company implemented restructuring plans, resulting in improved financial performance and positioning for long-term growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.08%
Tags
-
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) declares a quarterly cash dividend of $0.075 per share, marking the 25th dividend since 2018. The dividend will be paid on March 27, 2024, with a 5% yield for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
-
Rhea-AI Summary
ACCO Brands Corporation (ACCO) plans to release its Q4 and full year 2023 earnings on February 22, 2024, followed by a conference call on February 23. The webcast will be accessible on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
Tags
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) has announced a multi-year restructuring and cost savings program, aiming for annualized pre-tax cost savings of at least $60 million. The program includes initiatives to simplify the operating structure, reduce costs through headcount reductions and supply chain optimization, and improve sourcing capabilities. The company also plans to file a Form 8-K with the SEC disclosing its restructuring charges. ACCO Brands' President and CEO, Tom Tedford, expressed confidence in the long-term growth prospects of the company, citing geographically diverse operations and leading brands. The company will operate and report under two segments: the Americas and International segments. Effective January 1, 2024, Cezary Monko and Patrick Buchenroth have been appointed as Presidents of the International and Americas segments, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Kensington (KENS) announced the launch of three new high-performance docking stations at Pepcom’s Digital Experience! media event at CES 2024. The next-generation SD5000T5 Thunderbolt 5 Dock supports throughput speeds up to 120Gbps, three times the speed of Thunderbolt 4, with up to 140W of power delivery. Three new USB docking stations, including the SD4880P USB-C® 10Gbps Quad Video 17-in-1 Driverless Dock, are set to enhance productivity and promote a clutter-free workspace. The company also provided a glimpse into upcoming docking technology that will become available in 2H 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
-
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) announced the election of Beth Simermeyer to the Board of Directors, effective December 5, 2023. Ms. Simermeyer brings substantial business leadership experience in marketing, transformation, innovation, growth acceleration, acquisitions, and top and bottom-line delivery in the consumer goods, industrial, and healthcare sectors. She has a proven track record of success and has held several senior brand and general management roles throughout her career.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
Rhea-AI Summary
Kensington (K32856NA) launches SD5800T Thunderbolt 4 and USB4 Quad Video Docking Station, supporting up to four 4K monitors, 40Gbps data transfer speeds, and 16 connectivity ports for premium laptops.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
-
Rhea-AI Summary
ACCO Brands (NYSE: ACCO) has been named one of America’s Safest Companies in 2023 by EHS Today, marking the third time the company has received this honor. The award recognizes ACCO Brands' commitment to safety and its outstanding safety programs and procedures. EHS Today Editor-in-Chief Dave Blanchard emphasized the company's engrained culture of safety excellence and the need to keep every person and situation free from harm. To be considered for this recognition, organizations must demonstrate excellence in leadership support, employee involvement, innovative safety solutions, low injury and illness rates, comprehensive training programs, and a focus on incident prevention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
Tags
-
Rhea-AI Summary
ACCO Brands Corporation reported net sales of $448 million, with a gross margin expansion of 400 basis points. Operating income was $32 million, and adjusted operating income grew 8% to $46 million. EPS was $0.15, and adjusted EPS was $0.24. Net operating cash flow improved $80 million year to date. The company maintains its full year 2023 free cash flow outlook of at least $110 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on December 6, 2023. The Company's dividend has become an important part of our capital allocation strategy and we remain committed to supporting our quarterly dividend with our robust free cash flow.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.36%
Tags
FAQ
What is the current stock price of Acco Brands Corporation (ACCO)?
The current stock price of Acco Brands Corporation (ACCO) is $5.82 as of November 15, 2024.
What is the market cap of Acco Brands Corporation (ACCO)?
The market cap of Acco Brands Corporation (ACCO) is approximately 546.1M.
What products does Acco Brands Corporation offer?
Acco Brands Corporation offers a variety of office products, including school notebooks, janitorial supplies, whiteboards, storage and organization products, sheet protectors, indexes, punching products, and computer accessories under brands such as AT-A-GLANCE®, Five Star®, Kensington®, and Mead®.
What are the main operating segments of Acco Brands Corporation?
Acco Brands Corporation operates through three main segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.
How much annual revenue does Acco Brands generate?
Acco Brands Corporation generates nearly $1.8 billion in annual revenue.
In how many countries does Acco Brands market its products?
Acco Brands markets its products in over 100 countries across the globe.
What are some recent achievements of Acco Brands Corporation?
Recent achievements include the launch of Kensington's new docking stations, a multi-year cost savings program, and the introduction of PowerA Lumectra RGB technology for Nintendo Switch controllers.
What financial strategies is Acco Brands focusing on?
Acco Brands focuses on innovation, strategic cost reductions, and new product development. They have also improved operating cash flow and reduced their debt leverage ratio.
What is the purpose of Acco Brands' multi-year cost savings program?
The multi-year cost savings program aims to simplify the operating structure, reduce costs through headcount reductions, supply chain optimization, and global footprint rationalization, with anticipated annualized pre-tax savings of at least $60 million.
Who are the target customers for Acco Brands' products?
Acco Brands targets a wide range of customers including schools, homes, and businesses through various channels such as mass retailers, e-tailers, discount and variety chains, and warehouse clubs.
How does Acco Brands support its employees?
Acco Brands is passionate about building a winning culture for its employees by providing a rewarding and challenging career path with opportunities across the globe in a variety of disciplines.
Where can investors find more information about Acco Brands?
Investors can find more information about Acco Brands Corporation by visiting their official website at www.accobrands.com.
Acco Brands Corporation
NYSE:ACCO
ACCO Rankings
ACCO Stock Data
546.14M
92.88M
3.36%
88.84%
2.3%
Business Equipment & Supplies
Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work
United States of America
LAKE ZURICH