Q1 2025 ACCO Brands Corp Earnings Call Transcript

May 2, 2025 / 12:30 PM GMT

Release Date Price: €3.36 (-1.18%)

Transcript 10-Q8-K

Key Points

Positve

ACCO Brands Corp (ACCO) reported first quarter sales in line with their outlook and adjusted EPS above expectations.
The company expanded its gross margin by 60 basis points due to a favorable sales mix and proactive cost management.
ACCO Brands Corp (ACCO) made progress on its $100 million multi-year cost reduction program, realizing $7 million in savings in the first quarter.
The company repurchased $15 million in stock and closed on a small acquisition, enhancing its market position.
ACCO Brands Corp (ACCO) has a strong balance sheet with a leverage ratio of 3.65 times, well below the covenant of 4.5 times.

Negative

First quarter comparable sales were down 8%, impacted by soft consumer and business demand.
The demand environment remains challenging, with reported sales decreasing approximately 12% due to lower volumes globally.
The international segment experienced a slow start, particularly in the EMIA region, affecting overall performance.
Forecasting for the upcoming back-to-school season in North America is challenging due to tariff uncertainties.
The company is deferring most discretionary spending and pausing capital expenditures due to increased uncertainties.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACCO.N - ACCO Brands Corp
Q1 2025 ACCO Brands Corp Earnings Call
May 02, 2025 / 12:30PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello everybody and welcome to the Aqua Brand's first quarter 2025. My name is Elliot, and I'll be your coordinator today.

If you'd like to register a question during today's event, please press star one on your telephone keypad.

I'm now like to hand over to Chris McGuinness, senior director of Investor Relations. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good morning and welcome to the Aquaran's first quarter 2025 conference call. This is Chris McGinnis, senior director of industrial relations.

Speaking on the call today is Tom Tedford,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.