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Stock impact report

ACCO Brands Posts Significant Second Quarter 2021 Sales and Profit Increases From Growth in All Segments

Acco Brands Corporation (ACCO) 
Last acco brands corporation earnings: 2/11 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.accobrands.com
Company Research Source: Business Wire
LAKE ZURICH, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ACCO) today announced its second quarter results for the period ended June 30, 2021.EPS was $0.50 versus $0.06 in prior yearAdjusted EPS was $0.43 versus $0.18 in 2020Net sales were $518 million, up 41 percent from 2020All segments posted sales and profit increasesStrong rebound in commercial productsGross margin improved 170 bps"Our second quarter results continued to reflect the market recovery. We posted a strong overall sales increase, with organic growth in all segments. Our strategy of transforming our company toward a more consumer-centric business continued to pay dividends as PowerA had another strong sales increase. Overall, I am very pleased with our execution. We have better visibility for the second half, and our momentum gives us confidence that we will be able to deliver record sales and strong profit performance in 2021," said Boris Elisman, Chairman, President and Chief Executive Officer of ACCO Br Show less Read more
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