By Katherine Hamilton

Shares of Acco Brands shares were lower after its 2025 earnings outlook fell short of expectations as it faces lower demand.

The stock slipped 19% to $4.47 Friday, at one point touching a 52-week low of $4.34.

The office supplies maker said it anticipates uncertainty from tariffs, foreign exchange exposure and lower consumer demand in 2025. "The magnitude of impact from these factors on our business remains unpredictable," Chief Executive Tom Tedford said.

In the first quarter of 2025, Acco expects an adjusted loss per share between 3 cents and 5 cents, behind the 6 cents a share analysts were predicting. For the full year, it expects adjusted earnings per share will be $1.00 to $1.05, missing analysts' estimates of $1.13 a share.

Acco posted a fourth-quarter profit of $20.6 million, or 21 cents a share, in the three months ended Dec. 31, compared with a loss of $59.4 million, or 62 cents a share, in the prior year.

Stripping out one-time items, adjusted earnings were 39 cents a share, the same as the previous year. Analysts polled by FaceSet were expecting 41 cents a share.

Revenue decreased 8.8% to $448.1 million, missing analysts expectations of $455.1 million, according to FactSet. Foreign exchange factors reduced sales by 2.4%, Acco said.

Comparable sales declined 5.9% due to lower global demand for certain products, including back-to-school supplies in Brazil. They are expected to decline another 5% to 8% in the first quarter of 2025, Acco said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

February 21, 2025 12:12 ET (17:12 GMT)

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