Q2 2026 ACCO Brands Corp Earnings Call Transcript
Key Points
- Second quarter sales and adjusted EPS exceeded the company's outlook, with consolidated sales growing 5%.
- Strong back-to-school product sales in North America and solid growth in Mexico drove Americas segment performance.
- The EPOS acquisition is integrating well, with sales ahead of expectations and on track to deliver $80 million in 2026 sales and $15 million in cost synergies.
- Cost reduction programs are on track to achieve $100 million in savings this year, helping offset inflation and improve margins.
- The company raised its full-year 2026 outlook for both sales and adjusted EPS, reflecting strong first-half performance.
- Comparable sales declined 2% in the quarter, with soft demand in technology peripherals and Brazil.
- International segment sales were weak, with comparable sales down approximately 9% due to geopolitical and economic factors.
- Technology peripherals demand remains challenged due to high hardware costs, memory chip shortages, and a soft console gaming market.
- The EMEA distribution system upgrade disrupted supply chain and customer deliveries, negatively impacting sales.
- The company expects lower gross profit and operating income margins in the second half due to higher inflationary costs and pricing lag.
Hello everyone. Thank you for joining us and welcome to Echo Brown's second quarter 2026 earnings call.
(Operator Instructions) Chris McGinnis, Senior Director of Investor Relations. Chris, please go ahead.
Thank you. Good morning, welcome to ACCO Brands' conference call to review our second quarter results. Speaking on the call today is Tom Tedford, President, Chief Executive Officer of ACCO Brands, Deb O'Connor, Executive Vice President and Chief Financial Officer. Slides that accompany this call have been posted to the investor relations section of accobrands.com. When speaking about our results, we may refer to adjusted results. Adjusted results exclude amortization and restructuring costs, non-cash goodwill and intangible asset impairment charges, bargain purchase gain, unusual tax items, include adjustments to reflect the estimated annual tax rate on quarterly earnings. Schedules of adjusted results and other Non-GAAP financial measures, a reconciliation of these measures to
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