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Jun 30, 2021
ACCO Brands Q2 2021 Earnings Report
ACCO Brands experienced significant increases in sales and profits, driven by growth across all segments.
Key Takeaways
ACCO Brands reported a strong second quarter with net sales increasing by 41 percent to $518 million. EPS was $0.50 compared to $0.06 in the prior year, and adjusted EPS was $0.43 versus $0.18 in 2020. All segments posted sales and profit increases, with a strong rebound in commercial products and an improved gross margin.
EPS was $0.50 versus $0.06 in prior year
Adjusted EPS was $0.43 versus $0.18 in 2020
Net sales were $518 million, up 41 percent from 2020
All segments posted sales and profit increases
Forward Guidance
Third quarter sales are expected to be in a range of $515 million to $545 million, with PowerA contributing $55 million to $65 million. Adjusted earnings per share are expected to be in a range of $0.30 to $0.35. For the full year, sales are expected to be in a range of $2.0 billion to $2.07 billion, with PowerA contributing $255 million to $275 million. Adjusted earnings per share are expected to be in a range of $1.35 to $1.45.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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