ACCO Brands Corporation (ACCO) Tops Q4 EPS by 4c, Offers Outlook

ACCO Brands Corporation (NYSE: ACCO) reported Q4 EPS of $0.48, $0.04 better than the analyst estimate of $0.44. Revenue for the quarter came in at $566.8 million versus the consensus estimate of $563.35 million.

GUIDANCE:

ACCO Brands Corporation sees FY2018 EPS of $1.33-$1.37, versus the consensus of $1.23.

• The company is introducing its outlook for 2018 revenue, adjusted earnings per share and free cash flow. The company expects 2018 sales growth of approximately 2% and adjusted EPS growth of 12-15%, a range of $1.33-$1.37 per share, assuming a normalized tax rate of 28%. Free cash flow is expected to be approximately $180 million.

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

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