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Dec 31, 2019
ACCO Brands Q4 2019 Earnings Report
ACCO Brands reported a 1.5% increase in net sales and an EPS of $0.44 for the fourth quarter of 2019.
Key Takeaways
ACCO Brands reported a 1.5% increase in net sales for the fourth quarter, driven by acquisitions, but comparable sales decreased due to lower volume. EPS increased to $0.44, and adjusted EPS rose to $0.46.
Net sales increased by 1.5% to $537.4 million.
EPS was $0.44, compared to $0.34 in the prior year.
Adjusted EPS was $0.46, versus $0.41 in 2018.
Cash from operations was $129 million, and free cash flow was $118 million.
Forward Guidance
The company is initiating an outlook for 2020 that includes an adverse foreign exchange impact of 1 percent on sales and $0.03 on adjusted EPS.
Positive Outlook
- Net sales (1) % to 1%
- Adjusted EPS $1.20 to $1.30
- Free Cash Flow $165 million to $175 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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