Cost Reduction Program Progress
ACCO Brands has made excellent progress on its $100 million multiyear cost reduction program, realizing additional savings in the second quarter that brought the cumulative program total to over $40 million.
Gaming Accessories Growth
PowerA delivered modest growth in gaming accessories, driven by the Nintendo Switch 2 launch and continued international expansion. This is expected to lead to more meaningful sales in the coming quarters.
Strategic Price Increases
ACCO Brands announced two strategic price increases, maintaining their competitive position while securing improved terms with third-party manufacturing partners and accelerating production shifts to cost-competitive countries.
Integration of Buro Seating
The acquisition of Buro Seating has been fully integrated, strengthening ACCO Brands' position in Australia and New Zealand, with potential expansion opportunities in additional markets.
Resolution of Brazilian Tax Assessment
ACCO Brands successfully settled long-standing tax assessments in Brazil, resolving a $20 million reserve for $7 million.