Acco Brands Corp Stock Price, News & Analysis

ACCO Brands Corporation (NYSE: ACCO) announced its participation in the Sidoti Spring 2021 Virtual Conference, with a presentation set for March 24 at 1:00 p.m. EDT. The event aims to provide insights into the company’s performance and strategic initiatives. Investors can access the presentation through the Investor Relations section of www.accobrands.com or via a direct link. The presentation will be available for 90 days post-event, ensuring broader access to company updates for stakeholders.

ACCO Brands Corporation (NYSE: ACCO) has priced a private offering of $575 million in 4.25% Senior Unsecured Notes due 2029, set to close on March 15, 2021, subject to standard conditions. The proceeds will be utilized to redeem all $375 million of its 5.25% Senior Unsecured Notes due December 2024, repay approximately $180 million in borrowings from its secured revolving credit facility, and cover fees associated with the offering. The notes will be offered to qualified institutional buyers only.

ACCO Brands Corporation has announced a private offering of $650 million in senior unsecured notes maturing in 2029. The proceeds will be used to redeem $375 million of its 5.25% senior unsecured notes due December 2024, repay part of its revolving credit facility, and cover offering-related expenses. This transaction is contingent upon the successful completion of the new notes offering. The notes will be offered under Rule 144A and Regulation S, exempting them from registration requirements.

ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.065 per share. The dividend is scheduled to be paid on March 29, 2021, to stockholders of record by the close of business on March 17, 2021.

As a global leader in the design and manufacture of branded academic, consumer, and business products, ACCO Brands is known for its extensive portfolio of brands available in over 100 countries.

ACCO Brands Corporation (NYSE: ACCO) reported a 15% decline in net sales for 2020, totaling $1,655 million, with EPS decreasing to $0.65 from $1.06 in 2019. The company attributed these declines primarily to COVID-19 impacts. Despite challenges, ACCO acquired PowerA, enhancing its position in the video gaming accessories market. Free cash flow for the year was $104 million, and the company returned $41 million to shareholders through dividends and share repurchases. Looking ahead, ACCO anticipates flat to 4% growth in Q1 2021 sales.

ACCO Brands Corporation (NYSE: ACCO) will release its fourth quarter and full year 2020 earnings on February 16, 2021, after the market closes. The company will discuss the results during a conference call and webcast on February 17 at 8:30 a.m. EST. The webcast can be accessed on ACCO's Investor Relations website. ACCO is a leading global supplier of branded academic, consumer, and business products, with recognized brands sold in over 100 countries.

ACCO Brands Corporation (NYSE: ACCO) will participate in a fireside chat at NobleCon17, scheduled for January 20 at 10:30 a.m. EST. The discussion will be webcasted, allowing investors to access it via www.noblecon17.com. An archive of the chat will be available on ACCO's Investor Relations webpage starting January 21, as well as on www.channelchek.com in February. This engagement reflects ACCO's commitment to maintaining transparency with investors.

ACCO Brands Corporation (NYSE: ACCO) has finalized the acquisition of PowerA, a prominent provider of gaming controllers and accessories. This strategic move aims to enhance ACCO's focus on the consumer market, with over 50% of sales expected from consumer, school, and technology products post-acquisition. CEO Boris Elisman emphasized that this acquisition is a significant part of their growth strategy, tapping into a faster-growing segment within the gaming industry. Details surrounding the transaction can be accessed through their official website.

ACCO Brands Corporation (NYSE: ACCO) will participate in Noble Capital Markets' Virtual Road Show Series on December 16, 2020, at 1 p.m. EST. The event will feature a presentation from Chairman and CEO Boris Elisman and a Q&A session led by Noble Senior Research Analyst Joe Gomes. Registration is free and limited to 100 attendees. The presentation will also be accessible via the ACCO Brands Investor Relations website and Channelchek.com following the event.