ACCO Brands Posts Strong Third Quarter 2021 Sales and Profit Increases; Raises Dividend
Acco Brands Corporation (ACCO)
Last acco brands corporation earnings: 2/11 04:30 pm
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US:NYSE Investor Relations:
ir.accobrands.com
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Source: Business Wire
LAKE ZURICH, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ACCO) today announced its third quarter results for the period ended September 30, 2021.Net sales were $527 million, up 19 percent; comparable sales up 4 percent, all segments upEPS was $0.21 versus $0.20 in prior year; adjusted EPS was $0.33 versus $0.25 in 2020Higher tax rate impacted EPS and adjusted EPS by $(0.02) and $(0.03), respectivelyGross margin improved 120 bpsGenerated 3Q operating cash flow of $99 million; reduced debt $117 millionRaised dividend 15 percent"We posted another solid quarter based on improving demand worldwide, with organic sales growth in all segments. EMEA posted double-digit comparable sales growth; back-to-school sell-out was strong in North America; International showed improvement; and PowerA added $57 million. We are managing inflation and the supply chain disruptions well, and expanded our gross margin in the quarter. We remain confident in our strategy and believe that we will de
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ACCO
News
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ACCO
Earnings
- 2/22/24 - Beat
ACCO
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- 3/29/24 - Form 4
- ACCO's page on the SEC website