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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) has appointed Gina Boswell to its Board of Directors. Boswell brings extensive experience from her role as President, Customer Development for Unilever U.S.A. and previous leadership positions at major consumer products companies. Chairman and CEO Boris Elisman expressed confidence in her ability to contribute to the company's transformation towards a more consumer-focused and technology-driven approach. ACCO Brands is recognized for its wide array of branded academic, consumer, and business products sold globally.
ACCO Brands Corporation (NYSE: ACCO) reported record net sales of $2.03 billion for 2021, a 22.4% increase year-over-year, with an EPS of $1.05, up 61.5%.
The fourth quarter saw net sales of $570.3 million, a 24.0% rise, driven by strong demand and favorable foreign exchange. Free cash flow reached $138.4 million for the year. Despite higher logistics and commodity costs affecting margins, adjusted EPS increased to $1.41. Looking ahead, sales are projected to grow between 1% to 6% in 2022, with adjusted EPS guidance of $1.48 to $1.58.
ACCO Brands Corporation (NYSE: ACCO) will release its fourth quarter and full year 2021 earnings on February 15, 2022, after market close. A conference call and webcast to discuss the results will be held on February 16 at 8:30 a.m. EST. The webcast will be accessible through the Investor Relations section of www.accobrands.com and will be available for replay.
Kensington showcases new desktop and mobile accessories at CES 2022, focusing on products for Microsoft Surface devices and Apple's ecosystem. Key products include the BlackBelt Rugged Case for Surface Pro 8 offering military-grade protection, and a Surface Laptop Riser for ergonomic setups. Kensington also highlights Thunderbolt 4 docking solutions that expand laptop functionality. Their MagPro Elite Magnetic Privacy Screen for Surface Pro 8 addresses visual security concerns. These innovations reinforce Kensington's dedication to enhancing productivity and device security.
Kensington has launched the StudioDock™ iPad Docking Station, enhancing functionality for 2021 12.9-inch iPad Pro and other USB-C iPads. This docking station features fast charging capabilities, 4K HDMI output, an integrated SD card reader, and multiple expansion ports. StudioDock is recognized as a CES 2021 Innovations Award Honoree and offers a simple plug-and-play setup. Alongside, the StudioCaddy offers a solution for storing and charging the entire Apple ecosystem. Both products are available now through the Kensington Store.
ACCO Brands Corporation (NYSE: ACCO) participated in Noble Capital Markets' C-Suite Interview Series on November 16. CEO Boris Elisman provided insights on supply chain challenges, improvements in gross margins amid inflation, updates on the PowerA acquisition, and strategic cash use. The interview is available on Channelchek. ACCO Brands is a leading global designer and manufacturer of branded products, including well-known names like GBC, Mead, and Swingline, sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) will participate in BofA’s 2021 Leveraged Finance Virtual Conference. The presentation, formatted as a fireside chat, is scheduled for December 1 at 3:45 p.m. EST. The event will be available via webcast through the Investor Relations section of www.accobrands.com. A replay will be accessible within 24 hours after the live event, expiring on March 2, 2022. ACCO Brands is a leading global designer and manufacturer of branded consumer, academic, and business products, selling in over 100 countries.
Kensington introduces the UVStand™ Monitor Stand featuring a UVC sanitization compartment that eliminates up to 99.9% of bacteria and viruses from devices like keyboards and mobile phones. This innovation, a CES 2021 Innovations Award Honoree, combines ergonomic design with effective sanitization. The spacious compartment supports devices up to 40 lbs and operates safely with an easy button touch. In addition, Kensington launched the Pro Fit USB Washable Keyboard and Pro Fit Washable Wired Mouse, designed for easy cleaning and hygiene. All products are now available with warranties.
ACCO Brands Corporation (NYSE: ACCO) reported a strong third quarter for 2021, with net sales reaching $527 million, up 19% year-over-year. Comparable sales increased by 4%, with EPS at $0.21, slightly ahead of last year's $0.20. Gross margin improved by 120 basis points, and the company generated $99 million in operating cash flow while reducing debt by $117 million. A quarterly dividend of $0.075 per share was announced, a 15.4% increase. The outlook for 2021 expects sales between $2.0 billion and $2.04 billion, with adjusted EPS projected at $1.30 to $1.40.
ACCO Brands Corporation (NYSE: ACCO) will release its third quarter 2021 earnings on October 26, 2021, after market close. A conference call will follow on October 27 at 8:30 a.m. EDT to discuss the results. Interested parties can access the webcast via the Investor Relations section of www.accobrands.com. ACCO Brands is a leading global designer and manufacturer of branded academic and consumer products, recognized for brands like Artline®, Kensington®, and Swingline®.
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