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Acco Brands Corporation - ACCO STOCK NEWS

Welcome to our dedicated news page for Acco Brands Corporation (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands Corporation.

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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Acco Brands Corporation's position in the market.

News
ACCO Brands Corporation Announces First Quarter 2024 Earnings Webcast
Rhea-AI Summary
ACCO Brands (NYSE: ACCO) will release its first quarter 2024 earnings after the market close on May 2, 2024, followed by a conference call and webcast on May 3 at 8:30 a.m. EST. The webcast can be accessed through the Investor Relations section of www.accobrands.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
earnings
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News
PowerA's New Enhanced Wireless Controller With Lumectra™ RGB Adds Vibrant Flair to Nintendo Switch™ Gaming
Rhea-AI Summary
PowerA, a division of ACCO Brands, introduces the Enhanced Wireless Controller for Nintendo Switch with Lumectra™ RGB technology. The controller offers personalized RGB lighting, intuitive motion controls, advanced mappable gaming buttons, and up to 20 hours of wireless battery life, enhancing gaming experiences for Nintendo Switch fans.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
none
-
News
ACCO Brands Reports Fourth Quarter and Full Year 2023 Results and Provides Outlook for 2024
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) exceeded its full-year 2023 outlook with reported net sales of $1.833 billion, operating income of $45 million, and adjusted EPS of $1.09. The company reduced total debt by $88 million, generated adjusted free cash flow of $118 million, and decreased consolidated net leverage ratio to 3.4x. Despite challenges in the demand environment, ACCO Brands' gross margin expanded, delivering strong free cash flow. The company implemented restructuring plans, resulting in improved financial performance and positioning for long-term growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.08%
Tags
earnings
News
ACCO Brands Corporation Declares Quarterly Dividend
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) declares a quarterly cash dividend of $0.075 per share, marking the 25th dividend since 2018. The dividend will be paid on March 27, 2024, with a 5% yield for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.37%
Tags
dividends
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News
ACCO Brands Corporation Announces Fourth Quarter and Full Year 2023 Earnings Webcast
Rhea-AI Summary
ACCO Brands Corporation (ACCO) plans to release its Q4 and full year 2023 earnings on February 22, 2024, followed by a conference call on February 23. The webcast will be accessible on their website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.67%
Tags
earnings
-
News
ACCO Brands Corporation Announces Cost Reduction Program Targeting Annualized Pre-Tax Savings of at least $60 Million
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) has announced a multi-year restructuring and cost savings program, aiming for annualized pre-tax cost savings of at least $60 million. The program includes initiatives to simplify the operating structure, reduce costs through headcount reductions and supply chain optimization, and improve sourcing capabilities. The company also plans to file a Form 8-K with the SEC disclosing its restructuring charges. ACCO Brands' President and CEO, Tom Tedford, expressed confidence in the long-term growth prospects of the company, citing geographically diverse operations and leading brands. The company will operate and report under two segments: the Americas and International segments. Effective January 1, 2024, Cezary Monko and Patrick Buchenroth have been appointed as Presidents of the International and Americas segments, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Kensington Takes Docking Technology to the Next Level with Launch of Next-Generation Solutions at CES 2024
Rhea-AI Summary
Kensington (KENS) announced the launch of three new high-performance docking stations at Pepcom’s Digital Experience! media event at CES 2024. The next-generation SD5000T5 Thunderbolt 5 Dock supports throughput speeds up to 120Gbps, three times the speed of Thunderbolt 4, with up to 140W of power delivery. Three new USB docking stations, including the SD4880P USB-C® 10Gbps Quad Video 17-in-1 Driverless Dock, are set to enhance productivity and promote a clutter-free workspace. The company also provided a glimpse into upcoming docking technology that will become available in 2H 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
none
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News
ACCO Brands Corporation Announces Appointment of Beth Simermeyer to Board of Directors
Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) announced the election of Beth Simermeyer to the Board of Directors, effective December 5, 2023. Ms. Simermeyer brings substantial business leadership experience in marketing, transformation, innovation, growth acceleration, acquisitions, and top and bottom-line delivery in the consumer goods, industrial, and healthcare sectors. She has a proven track record of success and has held several senior brand and general management roles throughout her career.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.25%
Tags
management
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News
Kensington Docking Station Unlocks the Full Potential of Premium Laptops
Rhea-AI Summary
Kensington (K32856NA) launches SD5800T Thunderbolt 4 and USB4 Quad Video Docking Station, supporting up to four 4K monitors, 40Gbps data transfer speeds, and 16 connectivity ports for premium laptops.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.4%
Tags
none
News
ACCO Brands Announced as One of America’s Safest Companies for 2023 by EHS Today
Rhea-AI Summary
ACCO Brands (NYSE: ACCO) has been named one of America’s Safest Companies in 2023 by EHS Today, marking the third time the company has received this honor. The award recognizes ACCO Brands' commitment to safety and its outstanding safety programs and procedures. EHS Today Editor-in-Chief Dave Blanchard emphasized the company's engrained culture of safety excellence and the need to keep every person and situation free from harm. To be considered for this recognition, organizations must demonstrate excellence in leadership support, employee involvement, innovative safety solutions, low injury and illness rates, comprehensive training programs, and a focus on incident prevention.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.71%
Tags
none
Stock ACCO logo
Acco Brands Corporation

NYSE:ACCO

ACCO Rankings

#3026 Ranked by Market Cap
#1575 Ranked by Stock Gains
#475 Ranked by Dividends

ACCO Stock Data

468.95M
90.54M
3.24%
85.28%
1.61%
Office Supplies (except Paper) Manufacturing
Manufacturing
Link
US
Lake Zurich

About ACCO

acco brands (nyse: acco) is one of the world's largest suppliers of select categories of branded office products, with revenues of nearly $1.8 billion. we market products in over 100 countries across the globe through our own sales force and distribution networks. our industry-leading brands and products include at-a-glance® and day-timer®, five star®, gbc®, hilroy®, kensington®, marbig, mead®, quartet®, rexel, swingline®, tilibra®, wilson jones and many others. we're proud of our long history of industry leadership and innovation, and we're focused on delivering exceptional value for our shareholders and customers by providing unique, leading-edge, branded office products. we are passionate about building a winning culture for its employees. we are dedicated to providing a rewarding and challenging career path with opportunities across the globe in a variety of disciplines. our results–oriented and fast paced, dynamic environment will provide an opportunity to thrive in your career