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ACCO(ACCO) - 2024 Q1 - Quarterly Results
2024-05-03 04:15
Exhibit 99.1 News Release ACCO BRANDS REPORTS FIRST QUARTER RESULTS • Reported net sales of $359 million, with gross margin expanding 120 basis points • On track to deliver over $20 million in cost savings from our multi-year cost savings program • Net operating cash flow improved $51 million, generated free cash flow of $26 million • Consolidated net leverage ratio of 3.5x at quarter-end • Loss per share of $(0.07); adjusted EPS of $0.03, in line with the Company's outlook LAKE ZURICH, ILLINOIS, May 2, 202 ...
ACCO(ACCO) - 2023 Q4 - Annual Results
2024-03-15 00:00
业绩总结 - ACCO Brands 2023年全年净销售额为18.33亿美元,毛利率提升420个基点[1] - 调整后的运营利润增长17%,达到2.05亿美元[1] - 调整后的每股收益为1.09美元,高于公司预期[1] - 全年净经营现金流提升5100万美元,调整后的自由现金流为1.18亿美元[1] - 总债务减少8,800万美元,年末的综合净杠杆率为3.4倍[1] 区域销售情况 - 北美地区净销售额为8.872亿美元,同比下降11.1%,全年运营亏损为590万美元[16] - 欧洲、中东和非洲地区全年净销售额为5.472亿美元,同比下降5.7%,全年运营收入为3.87亿美元[18] - 国际地区全年净销售额为3.984亿美元,同比增长7.9%,全年运营收入为6.07亿美元[21] 未来展望 - 公司预计2024年全年销售额下降2.0%至5.0%,调整后每股收益在1.07至1.11美元之间[25] - 预计2024年自由现金流至少增长至1.2亿美元,年末的综合杠杆率约为3.0倍至3.2倍[26]
Why Acco Brands Stock Is Falling Today
The Motley Fool· 2024-02-24 04:22
Consumer and education products manufacturer Acco Brands (ACCO -14.02%) beat fourth-quarter expectations, but the company's guidance for 2024 underwhelmed. Investors appear disappointed, sending Acco shares down 12% as of 2 p.m. ET Friday. A tough environment takes its toll Acco is a supplier of branded academic, consumer, and business products, including Mead paper, Swingline staplers, Kensington locks, and At-A-Glance planners. The company earned $0.39 per share in the quarter on sales of $488.6 million, ...
ACCO(ACCO) - 2023 Q4 - Earnings Call Transcript
2024-02-24 02:18
财务数据和关键指标变化 - 2023年全年销售额下降6.5%,主要受到技术类产品销售疲软的影响 [10] - 2023年第四季度销售额下降2.5%,但毛利率提升570个基点,达到32.6% [23][24] - 2023年全年调整后营业利润率为13.8%,较上年提升160个基点 [27] - 2023年全年调整后自由现金流为1.18亿美元,较上年增加4000万美元 [30] - 2023年末净负债率为3.4倍,较上年下降0.8倍 [8][31] 各条业务线数据和关键指标变化 - 北美业务全年销售额下降11%,主要受电脑配件销售下滑影响 [26] - 北美业务调整后营业利润率为13.8%,较上年提升 [27] - EMEA业务全年销售额下降7%,但调整后营业利润率提升500个基点至11.4% [28] - 国际业务全年销售额增长5%,调整后营业利润率为17.1%,较上年提升130个基点 [29] 各个市场数据和关键指标变化 - 北美市场销售下滑,主要受电脑配件和游戏配件需求疲软影响 [26][27] - EMEA市场销售下滑,主要受技术类产品和商用产品需求下降影响 [28] - 国际市场销售增长,主要得益于拉丁美洲市场的教育用品销售复苏 [29] 公司战略和发展方向及行业竞争 - 公司正在实施为期3年的成本重组计划,目标实现至少6000万美元的年度成本节约 [20][21] - 公司将从三个业务分部调整为两个,以更好地聚焦商业活动 [21] - 公司正在加强创新和新产品开发,以期提振增长动能 [9][16] - 公司正在整合全球供应链,以提高效率和降低成本 [14][15] - 公司正在优化低毛利业务,以提升整体盈利能力 [54][55][56] - 公司正在加强与Epic Games等知名游戏品牌的合作,拓展游戏配件业务 [11] 管理层对经营环境和未来前景的评论 - 管理层预计2024年下半年需求环境将有所改善,技术支出有望反弹 [32][41][42] - 管理层认为2024年将是公司重塑的一年,未来有望实现可持续盈利增长 [33] - 管理层对公司的地域多元化布局、品牌实力和客户关系等表示信心 [16][17][18] 问答环节重要的提问和回答 问题1 **Gregory Burns 提问** 询问商誉减值是否与特定收购相关 [38] **Deborah O'Connor 回答** 商誉减值是全面性的,不针对特定收购 [39] 问题2 **Joseph Gomes 提问** 询问是否看到消费者从品牌转向非品牌产品 [52] **Tom Tedford 回答** 公司未观察到市场份额有重大变化,品牌产品仍保持良好表现 [53] 问题3 **William Reuter 提问** 询问游戏配件业务面临的竞争情况 [58][60] **Tom Tedford 回答** 面临来自既有竞争对手更加激进的竞争,以及一些新进入者的价格竞争 [59][61][62]
ACCO(ACCO) - 2023 Q4 - Earnings Call Presentation
2024-02-23 20:52
ACCO Brands | 4Q Earnings Conference Call | February 23, 2024 Forward-Looking Statements Statements contained herein, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, strategies, business operations and similar matters, results of operations, liquidity and financial condition, and those relating to cost reductions and anticipatedpre-tax savings and restructuring costs are “forward-looking statements” within the meaning of the ...
Acco Brands (ACCO) Beats Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-23 07:10
Acco Brands (ACCO) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 18.18%. A quarter ago, it was expected that this maker of office supplies would post earnings of $0.23 per share when it actually produced earnings of $0.24, delivering a surprise of 4.35%. Over the last four quarters ...
ACCO Brands Reports Fourth Quarter and Full Year 2023 Results and Provides Outlook for 2024
Businesswire· 2024-02-23 05:00
LAKE ZURICH, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ACCO) today reported financial results for the fourth quarter and fiscal year ended December 31, 2023. "I am pleased to report that our fourth quarter financial performance, including our reported net sales and adjusted EPS and free cash flow, was better than expected. During the year, we successfully executed against our 2023 priorities and implemented our previously announced restructuring plans, which enabled us to significantly expand ou ...
ACCO(ACCO) - 2023 Q4 - Annual Report
2024-02-23 00:00
12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________________________________ Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-08454 ACCO Brands Corporation (Exact Name of Registrant as Specified in Its Charter) ...
ACCO Brands Corporation Declares Quarterly Dividend
Businesswire· 2024-02-16 20:00
LAKE ZURICH, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ACCO) today announced that its board of directors has declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on March 27, 2024, to stockholders of record as of the close of business on March 15, 2024. “ This is the Company’s 25th quarterly cash dividend since it began paying dividends in 2018. The Company’s dividend has become an important part of our capital allocation strategy and we remain committed to supportin ...
Acco Brands (ACCO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Zacks Investment Research· 2024-02-16 00:06
The market expects Acco Brands (ACCO) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...