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Acco Brands Corporation - ACCO STOCK NEWS

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) 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.
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ACCO Brands Corporation to release Q3 2023 earnings on November 2
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ACCO Brands publishes 2022 ESG Report
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ACCO Brands Corporation (ACCO) appoints Thomas Tedford as CEO effective October 1, 2023, succeeding Boris Elisman, who will continue as Executive Chairman until his retirement in the first half of 2024. Tedford has been with ACCO since 2010, serving as President and COO since 2021. The appointment is part of a succession plan to ensure a smooth leadership transition and profitable growth.
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ACCO Brands Corporation (ACCO) reported net sales of $494 million, with gross margin expanding 450 basis points. Operating income of $55 million, flat to prior year; adjusted operating income of $66 million grew 14% year over year. EPS of $0.27; adjusted EPS of $0.38, above Company's outlook. Net operating cash outflow improved $59 million year to date driven by improved working capital management. Maintains full year 2023 adjusted EPS outlook of $1.08 to $1.12. Raises full year 2023 free cash flow outlook to at least $110 million. Lowered end of year consolidated leverage ratio outlook.
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Five Star® (FIVE) Enhances Study App with New Product Compatibility and Organization Features
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ACCO Brands Corporation (NYSE: ACCO) Declares Quarterly Cash Dividend of $0.075 per Share
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ACCO Brands Corporation (NYSE: ACCO) to Release Second Quarter 2023 Earnings on August 8, 2023
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FAQ

What is the current stock price of Acco Brands Corporation (ACCO)?

The current stock price of Acco Brands Corporation (ACCO) is $5.3 as of December 20, 2024.

What is the market cap of Acco Brands Corporation (ACCO)?

The market cap of Acco Brands Corporation (ACCO) is approximately 503.0M.

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

503.01M
89.17M
3.36%
84.93%
1.56%
Business Equipment & Supplies
Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work
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