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Acco Brands Corporation - $ACCO STOCK NEWS

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.

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.

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
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End-of-Day
-2.4%
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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.
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End-of-Day
5.71%
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ACCO Brands Corporation reported net sales of $448 million, with a gross margin expansion of 400 basis points. Operating income was $32 million, and adjusted operating income grew 8% to $46 million. EPS was $0.15, and adjusted EPS was $0.24. Net operating cash flow improved $80 million year to date. The company maintains its full year 2023 free cash flow outlook of at least $110 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
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Rhea-AI Summary
ACCO Brands Corporation (NYSE: ACCO) has declared a quarterly cash dividend of $0.075 per share. The dividend will be paid on December 6, 2023. The Company's dividend has become an important part of our capital allocation strategy and we remain committed to supporting our quarterly dividend with our robust free cash flow.
Rhea-AI Impact
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End-of-Day
-3.36%
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dividends
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ACCO Brands Corporation to release Q3 2023 earnings on November 2
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0.4%
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ACCO Brands publishes 2022 ESG Report
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-0.18%
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-0.91%
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ACCO Brands Corporation (ACCO) appoints Thomas Tedford as CEO effective October 1, 2023, succeeding Boris Elisman, who will continue as Executive Chairman until his retirement in the first half of 2024. Tedford has been with ACCO since 2010, serving as President and COO since 2021. The appointment is part of a succession plan to ensure a smooth leadership transition and profitable growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.46%
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Rhea-AI Summary
ACCO Brands Corporation (ACCO) reported net sales of $494 million, with gross margin expanding 450 basis points. Operating income of $55 million, flat to prior year; adjusted operating income of $66 million grew 14% year over year. EPS of $0.27; adjusted EPS of $0.38, above Company's outlook. Net operating cash outflow improved $59 million year to date driven by improved working capital management. Maintains full year 2023 adjusted EPS outlook of $1.08 to $1.12. Raises full year 2023 free cash flow outlook to at least $110 million. Lowered end of year consolidated leverage ratio outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.46%
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Rhea-AI Summary
Five Star® (FIVE) Enhances Study App with New Product Compatibility and Organization Features
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End-of-Day
-0.16%
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Acco Brands Corporation

NYSE:ACCO

ACCO Rankings

ACCO Stock Data

463.25M
90.54M
3.24%
85.28%
1.61%
Office Supplies (except Paper) Manufacturing
Manufacturing
Link
United States of America
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