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.
Derwent has launched its new Chromaflow colour pencils, designed with rich pigments for vibrant application. Available in sets of 12 ($24.99 MSRP) and 24 ($49.99 MSRP), they can be purchased at DerwentArt.com, Blick Art Materials, and Amazon. Built with a strong 3.5 mm core, these pencils promise durability and lesser breakage, enhancing the user experience. Each set is crafted with quality assurance, reflecting Derwent's long-standing craftsmanship since 1832. The product targets budding artists returning to school, emphasizing affordability without compromising quality.
ACCO Brands Corporation (NYSE: ACCO) announces its participation in the virtual 2021 East Coast IDEAS Investor Conference. The management's presentation is scheduled for June 16 at 8:00 a.m. EDT. Investors can access the webcast via the company's Investor Relations page or the conference website, and it will be archived for 90 days post-event. As a major player in designing and manufacturing consumer and business products, ACCO Brands boasts a portfolio of well-known brands sold in over 100 countries worldwide.
PowerA has launched the FUSION Pro 2 Wired Controller for Xbox Series X|S, aimed at enhancing the interactive gaming experience. Priced at $89.99, this advanced controller features customizable components such as swappable thumbsticks and paddles, enabling users to tailor gameplay. Notable features include a Mappable Pro Pack, three-way trigger locks, and dual rumble motors for immersive play. Additionally, it offers a comfortable grip for extended use and comes with a protective case. All products are backed by a two-year limited warranty.
ACCO Brands Corporation (NYSE: ACCO) announced a quarterly cash dividend of $0.065 per share, to be paid on June 21, 2021. This dividend will benefit stockholders of record as of the close of business on May 27, 2021. ACCO Brands is recognized as one of the largest designers and manufacturers of branded academic, consumer, and business products, offering renowned brands like AT-A-GLANCE® and Swingline®. The company operates globally, with products sold in over 100 countries.
ACCO Brands Corporation (NYSE: ACCO) reported first quarter results for the period ending March 31, 2021. Net sales rose 7% to $411 million, aided by the PowerA acquisition, despite a 13.5% decline in comparable sales due to COVID-19 impacts. EPS reported was $(0.21), down from $0.08 last year. The company experienced an operating loss of $1.1 million, affected by increased costs and restructuring. However, EMEA showed strong growth, with sales increasing 23.1%. The outlook for Q2 anticipates sales between $460 million and $490 million, driven by PowerA.
ACCO Brands Corporation (NYSE: ACCO) announced with great sadness the unexpected passing of director James A. Buzzard on April 9, 2021. Mr. Buzzard had been a member of the Board since 2012 and served as the lead independent director since 2017. CEO Boris Elisman expressed condolences, highlighting Buzzard's outstanding contributions as a director, leader, and mentor. ACCO Brands is a leading designer and manufacturer of branded products, selling in over 100 countries, with a diverse portfolio of well-known brands.
ACCO Brands Corporation (NYSE: ACCO) will release its first quarter 2021 earnings on April 27, 2021, after market close. Investors can join a conference call and webcast on April 28 at 8:30 a.m. EDT to discuss the results. ACCO is a leading designer and manufacturer of branded academic, consumer, and business products, with renowned brands sold in over 100 countries. For more information, visit www.accobrands.com.
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.