ACCO Brands Corporation (ACCO) Misses Q1 EPS by 2c, Offers Q2 Guidance
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ACCO Brands Posts First Quarter EPS of $0.08 Versus $(0.01); Adjusted EPS of $0.07 Versus $0.08; North America Sales up 5 Percent
May 4, 2020 4:20 PM EDTLAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO), today announced its first quarter earnings for the period ended March 31, 2020.
1Q EPS of $0.08 versus $(0.01) in prior year Adjusted 1Q EPS of $0.07 versus $0.08 in 2019 1Q net sales $384.1 million, down 3 percent North America sales grew 5 percent Declared dividend of $0.065 per share Amended bank covenant to provide increased financial flexibility Initiated broad incremental cost reduction actions"Thanks to the hard work and sacrifices of the global ACCO Brands team, we delivered... More
