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Acco Brands Corporation  (ACCO)
Other Ticker:  
 
    Sector  Services    Industry Publishing & Information
   Industry Publishing & Information
   Sector  Services
 
Price: $5.2500 $0.00 0.000%
Day's High: $5.28 Week Perf: -2.6 %
Day's Low: $ 5.21 30 Day Perf: -20.33 %
Volume (M): 20 52 Wk High: $ 6.62
Volume (M$): $ 105 52 Wk Avg: $5.44
Open: $5.24 52 Wk Low: $4.30



 Market Capitalization (Millions $) 508
 Shares Outstanding (Millions) 97
 Employees 5,020
 Revenues (TTM) (Millions $) 1,844
 Net Income (TTM) (Millions $) 56
 Cash Flow (TTM) (Millions $) -4
 Capital Exp. (TTM) (Millions $) 0

Acco Brands Corporation

ACCO Brands is a leading global manufacturer and marketer of office, school and calendar products and select computer and electronic accessories. More than 80% of our net sales come from brands that occupy the number one or number two positions in the select markets in which we compete. We seek to develop new products that meet the needs of our consumers and commercial end-users. We compete through a balance of product innovation, category management, a low-cost operating model and an efficient supply chain. We sell our products to consumers and commercial end-users primarily through resellers, including traditional office supply resellers, wholesalers and retailers, including on-line retailers. Our products are sold primarily to markets located in the U.S., Northern Europe, Brazil, Canada, Australia and Mexico.

The majority of our revenue is concentrated in geographies where demand for our product categories is in mature stages, but we see opportunities to grow sales through share gains, channel expansion and new products. Over the long-term we expect to derive growth in faster growing emerging geographies where demand in the product categories in which we compete is strong, such as in Latin America and parts of Asia, the Middle East and Eastern Europe. We plan to grow organically supplemented by strategic acquisitions in both existing and adjacent categories. Historically, key drivers of demand for office and school products have included trends in white-collar employment levels, education enrollment levels, gross domestic product (GDP), growth in the number of small businesses and home offices, as well as consumer usage trends for our product categories.

We believe our leading product positions provide the scale to enable us to invest in product innovation and drive growth across our product categories. We currently manufacture approximately half of our products locally where we operate, and source approximately half of our products, primarily from China.

Our strong commitment to understanding our consumers and defining products that fulfill their needs drives our product development strategy, which we believe is and will continue to be a key contributor to our success. Our new products are developed from our own consumer understanding, our own research and development or through partnership initiatives with inventors and vendors. Costs related to consumer research and product research when paid directly by ACCO Brands are included in marketing costs and research and development expenses, respectively.

We consistently review our businesses and product offerings, assess their strategic fit and seek opportunities to divest nonstrategic businesses and rationalize our product offerings. The criteria we use in assessing the strategic fit include: the ability to increase sales for the business; the ability to create strong, differentiated brands; the importance of the business to key customers; the businesss relationship with existing product lines; the impact of the business to the market; and the businesss actual and potential impact on our operating performance. As a result of this review process, during 2014, we made a strategic decision that resulted in the loss of low-margin retail bindery business related to a large customer in the North America segment and repositioned the Computer Products Group by shifting our focus away from certain commoditized tablet accessories.

Additionally, approximately half of the products we sell are sourced from China and other Far Eastern countries. The prices for these sourced products are denominated in U.S. dollars. Accordingly, movements in the value of local currencies relative to the U.S. dollar affect the cost of goods sold by our non-U.S. business when they source products from Asia. A weaker dollar decreases costs of goods sold and a stronger dollar increases costs of goods sold relative to the local selling price. In response to the strengthening of the U.S. dollar, we typically seek to raise prices in our foreign markets in an effort to recover lost gross margin. Due to competitive pressures and the timing of these price increases relative to the changes in currency exchange rates, it is often difficult to increase prices fast enough to fully offset the cumulative impact of the foreign-exchange-related inflation on our cost of goods sold in these markets. Further, our international operations sell in their local currencies and are exposed to their domestic currency movements against the U.S. dollar. Additionally, where possible, we seek to hedge our exposure to provide more time to raise prices, but this is not always possible where our competitors are not similarly affected.

 



   Company Address: Four Corporate Drive Lake Zurich 60047 IL
   Company Phone Number: 541-9500   Stock Exchange / Ticker: NYSE ACCO
    Next quarterly dividend pay out on March 27, 2024.


Customers Net Income grew by ACCO's Customers Net Profit Margin grew to

87.15 %

1.75 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AVY   -1.07%    
DOW   -0.68%    
EMN        0.28% 
GPC   -0.35%    
ITW        0.75% 
MMM        6.16% 
• View Complete Report
   



Dividend

ACCO Brands Corporation Strengthens Commitment to Shareholders with Quarterly Dividend Declaration

Published Fri, Feb 16 2024 12:00 PM UTC



LAKE ZURICH, Ill. - ACCO Brands Corporation (NYSE: ACCO) announced today that its board of directors has declared a quarterly cash dividend of $0.075 per share. This dividend reflects the company's commitment to its shareholders and marks the 25th consecutive quarterly cash dividend since its initiation in 2018. The dividend will be paid on March 27, 2024, to stock...

Business Update

ACCO Brands: A Strategic Dance of Cost-Savings and Sales Growth Blowout Unleashing a New Financial Force

Published Tue, Jan 30 2024 11:55 AM UTC

Riding on the back of a strong strategic restructuring and cost-saving program, ACCO Brands Corporation (NYSE: ACCO) has made exciting strides financially, according to recently released figures. The multi-year plan for reorganization has paved the way for the promising surge, with the intent of registering at least $60 million in annualized pre-tax cost savings. A comprehen...

Management Changes

ACCO Brands Corporation Empowers Strategic Transformation with Beth Simermeyer's Board Appointment

Published Thu, Dec 7 2023 1:00 PM UTC

ACCO Brands Corporation Appoints Beth Simermeyer as New Board Member
LAKE ZURICH, Ill. - ACCO Brands Corporation (NYSE: ACCO), a global leader in branded office products, has recently announced the appointment of Beth Simermeyer to its Board of Directors, effective December 5, 2023. This decision comes as a result of ACCO Brands' strategic efforts in expanding its leader...

Acco Brands Corporation

Acco Brands Corporation Triumphs with Yet Another Resounding Third Quarter Success, Generates Positive Income in 2023 Earnings Season

Acco Brands Corporation, a Print Media & Newspaper Publishing company based in Lake Zurich, Illinois, recently released its financial report for the third quarter of 2023. Despite a decline in revenue, the company saw a significant improvement in profitability, with profits reaching $0.15 per share compared to a loss of $0.73 per share in the same period last year.
The company reported a decline in revenue by 7.743%, from $485.60 million to $448.00 million compared to the third quarter of the previous year. In the preceding reporting period, Acco Brands Corporation had a revenue of $493.60 million and bottom line of $0.27 per share. However, the company managed to turn its net loss of $68.700 million in the corresponding reporting period last year into a net income of $14.900 million in the third quarter of 2023.
Acco Brands Corporation emphasized its improving profit margins, with net margin rising to 3.33% and operating margin edging up to 7.19% in the third quarter of 2023. These improvements are attributed to the recovery of margins from pricing actions that lagged the pace of inflation last year, as well as cost savings measures implemented by the company.

Dividend

ACCO Brands Corporation Declares Quarterly Dividend: Demonstrating Commitment to Shareholders amidst Mixed Year-to-Date Performance

Published Fri, Oct 27 2023 11:00 AM UTC


LAKE ZURICH, Ill. - ACCO Brands Corporation (NYSE: ACCO) has recently announced that its board of directors has declared a quarterly cash dividend of $0.075 per share. This news comes as shareholders eagerly await their return on investment. The dividend, payable on December 6, 2023, to stockholders of record as of November 15, 2023, marks the company's 24th quarterly c...






 

Acco Brands's Segments
 
 
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