Acco Brands Corporation - ACCO STOCK NEWS

ACCO Brands Corporation (NYSE: ACCO) reported a challenging Q3 2022, with net sales dropping 7.8% to $485.6 million, mainly due to lower retailer inventory replenishment and adverse foreign exchange. The North American segment faced a significant operating loss of $78.4 million, influenced by a $98.7 million non-cash goodwill impairment. However, the International segment thrived with a 25.6% sales increase. The company aims for margin improvement and reaffirmed its full-year guidance, expecting net sales between $1.940 and $1.980 billion and adjusted EPS of $1.05 to $1.10.

ACCO Brands Corporation has declared a quarterly cash dividend of $0.075 per share, payable on December 12, 2022, to stockholders of record as of November 25, 2022. Since the initiation of the dividend in 2018, it has been a key part of the company's capital allocation strategy. The CEO noted that shareholders currently enjoy an annualized yield exceeding 6% on their investment, supported by robust free cash flow.

Kensington has launched the BlackBelt Rugged Case for the new Microsoft Surface Pro 9. This addition to Kensington's line of Designed for Surface products offers military-grade protection, ensuring durability against drops and harsh environments. The case features a compact design, all-port access, compatibility with the Surface Pro Signature Keyboard, and a Surface Pen holder. It emphasizes productivity with its ergonomic hand strap and professional warranty support. Kensington’s focus on enhancing security and usability for professionals is evident in this latest release.

ACCO Brands Corporation (NYSE: ACCO) updated its Q3 2022 outlook and full-year guidance, citing a challenging operating environment. Despite better back-to-school sales in North America, cautious inventory replenishment by retailers impacted results. In Europe, inflation and an energy crisis negatively affected the EMEA segment. ACCO now expects Q3 net sales of $480-$490 million and full-year net sales of $1.940-$1.980 billion, down from previous guidance of $2.015-$2.055 billion. Additionally, a non-cash goodwill impairment charge is anticipated. The company plans measures to protect profitability.

Kensington has expanded its docking solutions with the introduction of the SD5780T Thunderbolt 4 Dual 4K Docking Station and other mini docks. These products enhance connectivity for users of Thunderbolt 4-enabled devices, supporting up to two 4K monitors and offering ultra-fast data transfer speeds of up to 40Gbps. The SD5780T provides 96W power delivery to charge connected devices and comes with a variety of ports for maximum productivity. The new docking stations are compatible with multiple operating systems and come with warranties of up to three years.

Kensington has launched the H2000 USB-C Over-Ear Headset, designed for professionals engaged in frequent calls. This headset features a comfortable design, exceptional sound quality, and is compatible with major calling platforms like Microsoft Teams and Zoom. The H2000 aims to enhance productivity in hybrid work environments with its noise-canceling technology and all-day comfort. It's equipped with a six-foot USB-C cable and includes a USB-A adapter for versatility. The product is available through the Kensington Store and partner sites in North America.

ACCO has launched its new Trapper Keeper 2023 Monthly Planner, capitalizing on the nostalgia of its iconic school supply brand. Available in blue and glitter galaxy colors, the planner features essential organization tools such as monthly planning pages, storage pockets, and a Velcro closure. The planners are priced between $20 and $25 and can be purchased exclusively on Mead.com. This move aims to strengthen ACCO's position in the academic and consumer products market.

Kensington, a leader in desktop computing solutions, celebrates over 30 years of innovation in physical security products. Since creating the original MicroSaver Lock in 1992, it has sold over 30 million locks globally, ensuring compatibility with 99% of devices. The introduction of the Nano Security Slot caters to ultra-thin devices, becoming a new industry standard. Kensington's products are verified to exceed rigorous testing standards, providing robust security backed by a five-year warranty. The company continues to collaborate with major tech firms to enhance device theft protection.

TruSens™ has launched a new range of high-performance humidifiers, the N-200 and N-300, designed for personal and office use. These models feature advanced water filtering technology for cleaner mist and optimal humidity in spaces up to 485 square feet. Key highlights include the exclusive SensorPod™ for humidity monitoring, whisper-quiet operation, and a UV-C option in the N-300 model for bacteria control. With high-capacity tanks allowing up to 80 hours of continuous use and availability at MSRP of $239.00 (N-300) and $179.00 (N-200), TruSens continues to enhance environmental wellness products.