Welcome to our dedicated page for Acco Brands news (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands stock.
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.
PowerA, a leading gaming accessories manufacturer and official Nintendo partner, has announced its initial lineup of licensed accessories for the upcoming Nintendo Switch 2. The collection features innovative controllers equipped with Hall Effect sensors for improved precision and longevity, priced at $39.99. The lineup includes:
- Advantage Wired Controller with Hall Effect thumbsticks, mappable buttons, and GameChat features - Slim Case ($19.99) with built-in screen protector and storage for 10 game cards - Screen Protector 2-Pack ($12.99) with installation accessories
The products will be available in June 2025 through PowerA.com, Amazon, and major retailers. All accessories come with a two-year limited warranty, and PowerA is currently testing forward compatibility for existing Nintendo Switch accessories.
- Gross margins expanded 60 basis points with lower SG&A expenses
- Operating loss of $6.7 million vs $5.9 million income in 2024
- Net debt reduced by $35 million year over year
- Repurchased $15 million in stock and paid $6.8 million in dividends
ACCO Brands (NYSE: ACCO) has announced a quarterly cash dividend declaration by its board of directors. The company will distribute a dividend of $0.075 per share to stockholders. The payment is scheduled for June 18, 2025, and shareholders must be on record by the close of business on May 23, 2025 to be eligible.
A recent study conducted by Vanson Bourne for Kensington reveals alarming statistics about device theft and its impact on businesses in the U.S. and Europe. 76% of IT decision-makers reported device theft incidents in the past two years, leading to significant consequences.
The survey of 1,000 IT decision-makers uncovered several impacts:
- 30% faced increased insurance costs
- 33% encountered legal/regulatory consequences
- 30% suffered financial losses from device replacement
- 32% experienced productivity disruption
Notably, 46% of participants reported data breaches due to unsecured devices. Organizations without security locks (60%) were more vulnerable to breaches compared to those using them (38%). The global average cost of a data breach reached $4.88 million USD in 2024, a 10% increase from 2023.
ACCO Brands (NYSE: ACCO) has scheduled its first quarter 2025 earnings release for May 1, 2025, after market close. The company will hold a conference call and webcast to discuss the results on May 2, 2025, at 8:30 a.m. EST. Investors can access the webcast through the Investor Relations section of the company's website at www.accobrands.com, where a replay will also be available.
Swingline®, celebrating its 100th anniversary, has launched three new stapler lines that combine heritage with modern functionality. The release includes the CUB™ Compact Metal Stapler, the Vintage Plier Handheld Stapler, and a color refresh of the iconic 747® Business Premium Desktop Stapler.
The CUB™ features a 20-sheet capacity, all-metal construction, and comes in various colors including Electric Blue and Rio Red. The Vintage Plier offers a 25-sheet capacity with ergonomic grip, while the refreshed 747® Business Stapler maintains its 30-sheet capacity with a Jam-Free Guarantee.
The new collection is available through major retailers including Amazon, Office Depot, Staples, and Target, with select colors exclusive to specific stores. All models come with a lifetime warranty and jam-free guarantee when used with Swingline® Premium Staples.
PowerA, a division of ACCO Brands, has announced a strategic partnership with Bandai Namco Entertainment America to commemorate PAC-MAN's 45th anniversary. The collaboration will launch special-edition gaming accessories for Nintendo Switch and Xbox platforms in Spring 2025.
The partnership aims to deliver officially licensed PAC-MAN-themed gaming gear that combines collectible designs with high-quality performance. While specific product details remain undisclosed, the accessories will feature innovative design elements celebrating the iconic gaming character's legacy.
The collaboration brings together PowerA's expertise in gaming accessories and Bandai Namco's vision to share PAC-MAN's cultural impact with gamers and collectors worldwide. Products will be available for Xbox Series X|S and Nintendo Switch platforms, with more details to be revealed as Spring approaches.
ACCO Brands reported its Q4 and full year 2024 results. Full year net sales were $1.67 billion, down 9.1% from 2023, with comparable sales decreasing 8.0%. The company reported a net loss of $101.6 million, or $(1.06) per share, primarily due to non-cash impairment charges.
Key highlights include: gross margins expanded 70 basis points, net operating cash flow of $148 million, free cash flow of $132 million, and net debt reduction of $94 million. The company achieved approximately $25 million in cost savings during 2024 and increased its multi-year cost reduction program target to $100 million by 2026.
For 2025, ACCO expects comparable sales to decline 1.0% to 5.0%, with adjusted EPS projected between $1.00 to $1.05. Free cash flow is anticipated to be $105-115 million, with a consolidated leverage ratio of 3.0x to 3.3x.
ACCO Brands (NYSE: ACCO) has announced its board of directors' declaration of a quarterly cash dividend of $0.075 per share, payable on March 26, 2025, to stockholders of record as of March 14, 2025. This marks the company's 29th quarterly dividend since initiating dividend payments in 2018.
CEO Tom Tedford emphasized that the dividend has become a important component of ACCO's capital allocation strategy, supported by the company's robust free cash flow. At current stock prices, shareholders are receiving an approximate 6% annualized yield on their investment.