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Mar 31, 2022
ACCO Brands Q1 2022 Earnings Report
ACCO Brands posted strong results, driven by strategic transformation and geographic diversity.
Key Takeaways
ACCO Brands reported a strong first quarter with sales and profits exceeding expectations. Net sales increased by 7.6 percent to $441.6 million, and comparable sales rose by 11.2 percent. The company experienced a net loss of $2.7 million, or $(0.03) per share, but adjusted EPS was $0.11, up 10.0 percent.
Net sales were $441.6 million, up 7.6 percent; comparable sales were up 11.2 percent with all segments posting increases
EPS was $(0.03) versus $(0.21) in 2021; adjusted EPS was $0.11, up 10.0 percent
Strong recovery in International segment, especially in Brazil and Mexico
Continued sales momentum in North America and EMEA
Forward Guidance
The Company is adjusting its full year outlook to reflect first quarter results, improved business expectations, and a more negative foreign exchange impact.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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