Acco Brands Corp Stock Price, News & Analysis

ACCO Brands Corporation (NYSE: ACCO) reported its fourth quarter and full year results for 2022, with net sales of $1.95 billion, a 4% decrease year-over-year. The company achieved 1% comparable sales growth and gained market share in multiple categories. Fourth quarter net sales fell 12.4% to $499.4 million, primarily due to lower demand for gaming accessories and macroeconomic challenges. The company experienced a net loss of $13.2 million for the full year, attributed to a $98.7 million goodwill impairment. Looking ahead, ACCO Brands expects margin expansion and profit growth in 2023, with an estimated adjusted EPS increase of 4% to 8%.

ACCO Brands Corporation (NYSE: ACCO) has announced a quarterly cash dividend of $0.075 per share, payable on April 5, 2023, to stockholders of record by March 10, 2023. This marks the company's 21st quarterly cash dividend since 2018, highlighting its commitment to returning value to shareholders through robust free cash flow. The current annualized yield exceeds 5%, reaffirming ACCO's capital allocation strategy. CEO Boris Elisman emphasized the importance of the dividend in enhancing shareholder confidence and investment appeal.

ACCO Brands has introduced the Vertical InvisaMount line of glass dry-erase boards under its Quartet brand, catering to the evolving workspace needs. Designed for hybrid work models, these boards maximize space while promoting collaboration. They feature invisible mounting hardware and a frameless design, making them visually appealing. The boards are GREENGUARD Gold certified for low emissions, ensuring safety in schools and healthcare facilities. Available in three sizes, they come with a 20-year limited warranty. Prices range from $201 to $602, supporting the demand for flexibility in modern office environments.

ACCO Brands Corporation (NYSE: ACCO) has announced that it will release its fourth quarter and full year 2022 earnings on February 23, 2023, after market close. A conference call and webcast will follow on February 24 at 8:30 a.m. EST to discuss the results. Investors can access the webcast through the Investor Relations section of the company's website. ACCO Brands is known for its diverse portfolio of brands, including AT-A-GLANCE®, Five Star®, and Swingline®.

Kensington has introduced a range of innovative products at CES 2023 in Las Vegas, including new docking stations, Bluetooth headsets, a mechanical keyboard, trackballs, and security locks.

The new MD120U4 USB4 Portable Docking Station and SD5780T Thunderbolt 4 Dual 4K Docking Station enhance connectivity for various devices. The H3000 Bluetooth Headset offers AI-based sound clarity. Additionally, the MK7500F QuietType Pro Keyboard is designed for noise-sensitive environments. These products aim to enhance productivity and security for professionals in diverse work settings.

Kensington has unveiled the SlimBlade™ Pro Trackball (K72080WW), its most advanced trackball to date, suitable for both PC and Mac. Designed for creative professionals and office workers, it offers versatile connectivity options including Bluetooth and wired connections.

Key features include a 55mm trackball for precision movement, an ambidextrous design for enhanced comfort, and customizable button functions via KensingtonWorks™ software. The rechargeable battery lasts up to four months, while 128-bit AES encryption ensures secure wireless usage, making it a top choice for users seeking ergonomic efficiency.

ACCO Brands Corporation (NYSE: ACCO) reported a challenging Q3 2022, with net sales dropping 7.8% to $485.6 million, mainly due to lower retailer inventory replenishment and adverse foreign exchange. The North American segment faced a significant operating loss of $78.4 million, influenced by a $98.7 million non-cash goodwill impairment. However, the International segment thrived with a 25.6% sales increase. The company aims for margin improvement and reaffirmed its full-year guidance, expecting net sales between $1.940 and $1.980 billion and adjusted EPS of $1.05 to $1.10.

ACCO Brands Corporation has declared a quarterly cash dividend of $0.075 per share, payable on December 12, 2022, to stockholders of record as of November 25, 2022. Since the initiation of the dividend in 2018, it has been a key part of the company's capital allocation strategy. The CEO noted that shareholders currently enjoy an annualized yield exceeding 6% on their investment, supported by robust free cash flow.

Kensington has launched the BlackBelt Rugged Case for the new Microsoft Surface Pro 9. This addition to Kensington's line of Designed for Surface products offers military-grade protection, ensuring durability against drops and harsh environments. The case features a compact design, all-port access, compatibility with the Surface Pro Signature Keyboard, and a Surface Pen holder. It emphasizes productivity with its ergonomic hand strap and professional warranty support. Kensington’s focus on enhancing security and usability for professionals is evident in this latest release.