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.
Kensington has launched new docking stations, the SD5760T Thunderbolt™ 4 Dual 4K Docking Station and the SD4810P USB-C® 5Gbps Triple Video Driverless Dock, enhancing productivity for professionals. The SD5760T supports data transfer rates of up to 40Gbps, daisy chaining for SSDs and monitors, and offers multiple connectivity options. It provides up to 96W power delivery and supports dual 4K displays. The SD4810P, suitable for Windows laptops, delivers up to 5Gbps and supports three external monitors. Kensington also introduced a CH1200 USB-C® 10Gbps 4-Port Hub and a CA1020 USB-A to USB-C® Adapter, both facilitating seamless connectivity for various devices. All products are designed to meet the needs of remote and hybrid work environments, promising enhanced usability and productivity.
ACCO Brands Corporation (NYSE: ACCO) has announced the release date for its first quarter 2023 earnings, set for May 4, 2023, after market close. The company will follow up with a conference call and webcast to discuss these results on May 5 at 8:30 a.m. EST. Investors can access the webcast through the Investor Relations section of their website, where it will also be available for replay.
ACCO Brands specializes in designing and marketing various consumer products under well-known brands such as AT-A-GLANCE®, Five Star®, and Kensington®. For more information, visit their website.
Kensington has launched three new privacy screens designed for MacBook, iMac, and Studio Display to enhance data security in various environments. The new products—SA270 for Studio Display, SA240 for iMac 24”, and MagPro Elite for MacBook Air—expand Kensington's data protection portfolio. These screens limit the viewing angles, reducing visual hacking risks, while also filtering harmful blue light by up to 22%. Kensington was recognized as the leading privacy filter brand in the U.S. retail channel in Q3 2022, with the MagPro Elite for MacBook 13” being the top seller from Q1 to Q3 2022.
ACCO Brands Corporation (NYSE: ACCO) reported its fourth quarter and full year results for 2022, with net sales of $1.95 billion, a 4% decrease year-over-year. The company achieved 1% comparable sales growth and gained market share in multiple categories. Fourth quarter net sales fell 12.4% to $499.4 million, primarily due to lower demand for gaming accessories and macroeconomic challenges. The company experienced a net loss of $13.2 million for the full year, attributed to a $98.7 million goodwill impairment. Looking ahead, ACCO Brands expects margin expansion and profit growth in 2023, with an estimated adjusted EPS increase of 4% to 8%.
ACCO Brands Corporation (NYSE: ACCO) has announced a quarterly cash dividend of $0.075 per share, payable on April 5, 2023, to stockholders of record by March 10, 2023. This marks the company's 21st quarterly cash dividend since 2018, highlighting its commitment to returning value to shareholders through robust free cash flow. The current annualized yield exceeds 5%, reaffirming ACCO's capital allocation strategy. CEO Boris Elisman emphasized the importance of the dividend in enhancing shareholder confidence and investment appeal.
ACCO Brands has introduced the Vertical InvisaMount line of glass dry-erase boards under its Quartet brand, catering to the evolving workspace needs. Designed for hybrid work models, these boards maximize space while promoting collaboration. They feature invisible mounting hardware and a frameless design, making them visually appealing. The boards are GREENGUARD Gold certified for low emissions, ensuring safety in schools and healthcare facilities. Available in three sizes, they come with a 20-year limited warranty. Prices range from $201 to $602, supporting the demand for flexibility in modern office environments.
ACCO Brands Corporation (NYSE: ACCO) has announced that it will release its fourth quarter and full year 2022 earnings on February 23, 2023, after market close. A conference call and webcast will follow on February 24 at 8:30 a.m. EST to discuss the results. Investors can access the webcast through the Investor Relations section of the company's website. ACCO Brands is known for its diverse portfolio of brands, including AT-A-GLANCE®, Five Star®, and Swingline®.
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