ACCO Brands Reports Q1 Results Amid Market Challenges

ACCO Brands Corp ( (ACCO) ) has released its Q1 earnings. Here is a breakdown of the information ACCO Brands Corp presented to its investors.

ACCO Brands Corporation, a key player in the consumer products sector, designs, manufactures, and markets a wide range of products that cater to work, learning, and play, with well-known brands like AT-A-GLANCE and Swingline. In its latest earnings report, ACCO Brands reported net sales of $317 million for the first quarter, aligning with its outlook despite challenges. The company saw a gross margin expansion of 60 basis points and a reduction in selling, general, and administrative expenses compared to the previous year. However, it reported a loss per share of $0.14, with an adjusted loss per share of $0.02, which was better than anticipated. The company also reduced its net debt by $35 million year-over-year, maintaining a consolidated leverage ratio of 3.65x. Key financial metrics for the quarter included a notable decrease in net sales by 11.6% compared to the previous year, primarily due to adverse foreign exchange impacts and reduced global demand for certain office-related products. Despite these challenges, the company managed to achieve cost savings and a positive sales mix, which partially offset the decline in sales volume. Looking ahead, ACCO Brands remains cautious due to market uncertainties and has not provided a full-year outlook for 2025. However, the company remains optimistic about its long-term strategy to improve revenue trends and optimize cost structure, expressing confidence in its leading brands and strategic initiatives.