ACCO Brands Corporation (ACCO) Tops Q4 EPS by 6c, provides guidance

ACCO Brands Corporation (NYSE: ACCO) reported Q4 EPS of $0.39, $0.06 better than the analyst estimate of $0.33. Revenue for the quarter came in at $488.6 million versus the consensus estimate of $476.38 million.

GUIDANCE:

For the full year, we expect reported sales to be down in the range of 2.0% to 5.0%.
The Company\'s sales outlook reflects the uncertain demand environment for its categories. Full year adjusted EPS is expected to be within a range of $1.07 to $1.11, versus the consensus of $1.20.
The Company expects 2024 free cash flow to grow to at least $120 million and to end the year with a consolidated leverage ratio of approximately 3.0x to 3.2x.

In the first quarter, we expect reported sales to be down in the range of 6.5% to 8.0% and adjusted EPS within a range of $0.01 to $0.04. Seasonally, sales can shift between first and second quarter due to the timing of back-to-school shipments in North America.

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

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