ACCO Brands Corporation (ACCO) Tops Q1 EPS by 2c, Beats on Revenues; Reiterates FY18 Revenue Outlook

ACCO Brands Corporation (NYSE: ACCO) reported Q1 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $405.8 million versus the consensus estimate of $387.04 million.

Business Outlook

The company is reiterating 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.

GUIDANCE:

ACCO Brands Corporation sees FY2018 EPS of $1.33-$1.37, versus the consensus of $1.35.

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

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