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ACCO Brands Corporation reports recurring developments tied to its branded consumer, technology and business products for schools, homes and workplaces. Coverage includes earnings releases, segment trends in the Americas and International businesses, dividend declarations, cost-reduction actions, cash flow and leverage commentary, and updates on office product demand and technology accessory growth.
Company news also covers product activity across its brand portfolio, including Kensington computer and mobility accessories, VeriMark security keys, and other categories such as storage and organization, notebooks, shredding, laminating, binding and presentation products. Recent corporate updates include the completed EPOS acquisition and its role in ACCO Brands' technology peripherals portfolio.
Kensington introduces the UVStand™ Monitor Stand featuring a UVC sanitization compartment that eliminates up to 99.9% of bacteria and viruses from devices like keyboards and mobile phones. This innovation, a CES 2021 Innovations Award Honoree, combines ergonomic design with effective sanitization. The spacious compartment supports devices up to 40 lbs and operates safely with an easy button touch. In addition, Kensington launched the Pro Fit USB Washable Keyboard and Pro Fit Washable Wired Mouse, designed for easy cleaning and hygiene. All products are now available with warranties.
ACCO Brands Corporation (NYSE: ACCO) reported a strong third quarter for 2021, with net sales reaching $527 million, up 19% year-over-year. Comparable sales increased by 4%, with EPS at $0.21, slightly ahead of last year's $0.20. Gross margin improved by 120 basis points, and the company generated $99 million in operating cash flow while reducing debt by $117 million. A quarterly dividend of $0.075 per share was announced, a 15.4% increase. The outlook for 2021 expects sales between $2.0 billion and $2.04 billion, with adjusted EPS projected at $1.30 to $1.40.
ACCO Brands Corporation (NYSE: ACCO) will release its third quarter 2021 earnings on October 26, 2021, after market close. A conference call will follow on October 27 at 8:30 a.m. EDT to discuss the results. Interested parties can access the webcast via the Investor Relations section of www.accobrands.com. ACCO Brands is a leading global designer and manufacturer of branded academic and consumer products, recognized for brands like Artline®, Kensington®, and Swingline®.
Kensington has launched the SD5700T Thunderbolt™ 4 Dual 4K Docking Station, designed for Intel Evo platform-verified laptops. This innovative docking station enhances productivity by allowing users to connect multiple devices through a single Thunderbolt cable, delivering up to 90W Power Delivery. Key features include connection for up to three additional Thunderbolt devices, support for single 8K or dual 4K video output, and eleven ports for connectivity. Kensington emphasizes its commitment to enhancing user experience through advanced technology and partnerships with Intel.
Kensington, a leader in desktop computing solutions, has launched new accessories designed for Microsoft Surface devices, including Surface Pro 8 and Surface Go 3. These products, developed in collaboration with Microsoft, focus on enhancing security and productivity. Key offerings include Kensington Keyed and Combo Cable Locks for device security, MagPro™ Elite Magnetic Privacy Screen to protect sensitive information, and the SD5750T Thunderbolt 4 Dock to boost connectivity and performance. Kensington emphasizes its commitment to innovative solutions for mobile productivity.
ACCO Brands Corporation (NYSE: ACCO) will present at the Sidoti Fall 2021 Virtual Conference on September 23 at 12:15 p.m. EDT. The presentation will be accessible via the Investor Relations section of www.accobrands.com or through here. ACCO will also hold one-on-one virtual meetings with investors on September 22 and 23. Registration is free and open to all interested parties.
Kensington has launched a new range of NanoSaver® Laptop Locks designed for compact devices featuring the Nano security slot, adopted by manufacturers like HP, Lenovo, and Asus. These locks enhance physical security with robust carbon steel cables and advanced locking technology. The line includes various models catering to different user needs, ensuring compatibility with a wide range of devices. With a recent survey indicating strong interest in hybrid work schedules, Kensington aims to provide effective theft protection solutions for mobile and office environments.
ACCO Brands Corporation has appointed Tom Tedford as President and Chief Operating Officer, effective September 1, 2021. Tedford, previously the Executive Vice President of ACCO Brands North America, will oversee global sales, marketing, and operations. He has a proven track record of managing significant challenges and driving growth in consumer-oriented channels. Additionally, Roxanne Bernstein will join as Executive Vice President and President of ACCO Brands North America on September 7, bringing extensive experience from previous roles in notable companies.
ACCO Brands Corporation (NYSE: ACCO) announced participation in the 12th Annual Midwest IDEAS Investor Conference. The virtual presentation is scheduled for August 25 at 8:00 a.m. EDT and will be available via webcast. The event will be accessible through ACCO's Investor Relations webpage and the conference's website. An archive of the presentation will be maintained for 90 days post-event.
ACCO Brands is recognized globally for its diverse portfolio of branded consumer, academic, and business products sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.065 per share, scheduled for payment on September 15, 2021, to stockholders of record by the close of business on August 27, 2021. This dividend reflects the company's commitment to returning value to shareholders. As a leading global organization in branded products for academic and business markets, ACCO continues to expand its presence in over 100 countries with a diverse portfolio of recognized brands.