Acco Brands Corp Stock Price, News & Analysis

ACCO Brands Corporation (NYSE: ACCO) has appointed Joe Burton to its Board of Directors. Currently the CEO of Telesign Corp., Burton brings extensive experience in technology and product development. His previous roles include CEO and President at Poly and engineering positions at Cisco and Polycom. ACCO Brands Chairman, Boris Elisman, expressed enthusiasm for Burton's appointment, highlighting the importance of technology in ACCO's product portfolio and his expertise in driving digital transformation and growth strategies.

ACCO Brands Corporation (NYSE: ACCO) reported its Q2 results for the period ending June 30, 2022, revealing net sales of $521.0 million, a 0.6 percent increase year-over-year, with comparable sales rising 5.2 percent. EPS was $0.40, down from $0.50 in 2021. North America saw continued sales growth, but inflation and foreign exchange challenges impacted overall performance. The company projects a conservative outlook for the rest of the year but anticipates margin improvements driven by pricing strategies. A regular dividend of $0.075 per share was declared.

LucidSound launched the LS100X Wireless Gaming Headset, designed for Xbox Series X|S, on August 3, 2022. Priced at $99.99, it features 130 hours of battery life via Bluetooth and 72 hours in Game Mode. The headset supports both Xbox and PC connections with low-latency options and includes customizable audio settings. This product aims to enhance the gaming experience with spatial sound through Windows Sonic, dual mics, and three EQ modes for tailored audio. LucidSound is part of ACCO Brands, known for its premium gaming accessories.

The TruSens Performance Series Air Purifiers have been launched to enhance air quality in large commercial spaces. With dual-sided True HEPA and Activated Carbon filters, they eliminate 99.99% of airborne viruses, including Coronavirus. The Z-7000 (MSRP $2,399) is effective for areas up to 2,000 sq. ft. with a CADR of 519 cfm, while the Z-6000 (MSRP $2,039) covers up to 1,750 sq. ft. Both models feature advanced SensorPod technology that adjusts fan speed based on real-time air quality readings. The series boasts ENERGY STAR ratings and a two-year warranty.

ACCO Brands Corporation (NYSE: ACCO) will release its second quarter 2022 earnings on August 8, 2022, after market close. A conference call and webcast to discuss these results will be held on August 9 at 8:30 a.m. EST. Investors can access the webcast on their Investor Relations website, where it will also be available for replay. ACCO Brands is known for its diverse portfolio of brands that enhance productivity and enjoyment in work, learning, and play.

Kensington, a brand under ACCO, has launched the Kensington Professional Video Conferencing solution, enhancing productivity for remote and hybrid work. This solution integrates high-resolution webcams, lighting, and software like Kensington Konnect™ for seamless video conferencing experiences. Highlighted products include the W1050 1080p Fixed Focus Webcam and the L1000 Bicolor Ring Light, designed for optimum video quality and user adaptability. Kensington aims to meet the growing demand for professional video solutions as remote work becomes standard.

ACCO Brands Corporation (NYSE: ACCO) announced its participation in the virtual 2022 East Coast IDEAS Investor Conference, scheduled for June 16 at 8:00 a.m. EDT. The event will be accessible via the company's Investor Relations page and archived for 90 days post-event. ACCO Brands is a leading designer and manufacturer of branded academic and business products, recognized in over 100 countries.