Loading...
•
Dec 31, 2021
ACCO Brands Q4 2021 Earnings Report
ACCO Brands posted record sales and strong earnings growth.
Key Takeaways
ACCO Brands reported record sales for the fourth quarter and full year 2021, driven by the company's shift towards faster-growing, consumer- and technology-centric categories and channels. The company delivered strong earnings and free cash flow, expanded margins, raised its dividend, and reduced debt.
Record net sales were $570.3 million, up 24.0 percent; comparable sales up 8.4 percent, all segments posted increases.
EPS was $0.55, up 77.4 percent versus prior year; adjusted EPS was $0.54, up 38.5 percent.
Generated free cash flow of $108.3 million (operating cash flow of $115.6 million less $7.3 million of capex).
Reduced debt $123.5 million.
Forward Guidance
The company expects another year of record sales and record adjusted earnings per share, significant free cash flow growth and winning market place performance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...