Welcome to our dedicated page for Acco Brands Corporation news (Ticker: $ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands Corporation stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Acco Brands Corporation's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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ACCO Brands reported net sales of $359 million with a gross margin expanding 120 basis points in the first quarter of 2024. The company is on track to achieve over $20 million in cost savings from their cost reduction program. Net operating cash flow improved by $51 million, generating free cash flow of $26 million. The consolidated net leverage ratio stood at 3.5x. However, the company reported a loss per share of $(0.07), but adjusted EPS was $0.03, in line with expectations.
