Overview
ACCO Brands Q3 net sales fell 8.8%, missing analyst expectations
Adjusted EPS for Q3 was $0.21, in line with company outlook
Company achieved over $50 mln in savings from cost reduction program
Outlook
Company expects full-year 2025 sales to decline 7.0% to 8.5%
ACCO Brands forecasts 2025 adjusted EPS between $0.83 and $0.90
Company anticipates 2025 adjusted free cash flow of $90 mln to $100 mln
Result Drivers
SOFT DEMAND - Co attributes sales decline to softer global demand across product categories
COST SAVINGS - Co's multi-year cost reduction program yielded over $50 mln in savings, aiding gross margin expansion
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Sales | Miss | $383.70 mln | $391.06 mln (3 Analysts) |
Q3 EPS | $0.04 | ||
Q3 Net Income | $4 mln | ||
Q3 Gross Profit | $126.60 mln | ||
Q3 Operating Income | $26 mln | ||
Q3 Pretax Profit | $14.70 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support supplies peer group is "buy."
Wall Street's median 12-month price target for ACCO Brands Corp is $9.00, about 56.6% above its October 29 closing price of $3.91
Press Release: ID:nBwb3vqLka
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)