ACCO Brands Corporation (ACCO) Tops Q4 EPS by 2c

ACCO Brands Corporation (NYSE: ACCO) reported Q4 EPS of $0.30, $0.02 better than the analyst estimate of $0.28. Revenue for the quarter came in at $412.1 million versus the consensus estimate of $399.78 million.

GUIDANCE:

ACCO Brands Corporation sees FY2016 EPS of $0.73-$0.77, versus the consensus of $0.77.

I'm pleased with our overall operational performance in the fourth quarter, and especially pleased that we grew sales in the U.S.," said Boris Elisman, president and chief executive officer, ACCO Brands. "For the year, we grew market share in the mass and e-tail channels, increased our operating margins, grew underlying EPS before currency, generated $147 million in free cash flow, continued our share repurchase program and further reduced our leverage. For 2016, we are well positioned to again generate strong free cash flow supported by sustained market share gains and productivity improvements despite ongoing foreign currency headwinds."

For earnings history and earnings-related data on ACCO Brands Corporation (ACCO) click here.

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