ACCO Brands Corporation (ACCO) Tops Q1 EPS by 7c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus

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Go back to ACCO Brands Corporation (ACCO) Tops Q1 EPS by 7c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus

ACCO Brands Posts First Quarter 2021 Sales Increase of 7 Percent Based on Strength in PowerA and EMEA

April 27, 2021 4:15 PM EDT

LAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO) today announced its first quarter results for the period ended March 31, 2021.

EPS was $(0.21) versus $0.08 in prior year Adjusted EPS was $0.10 versus $0.14 in 2020 Net sales were $411 million, up 7 percent from 2020 PowerA results exceeded expectations Strong EMEA performance continued Refinanced bond and bank debt to reduce interest cost/extend tenor

"Our first quarter results were better than we expected, as we posted strong results despite comparisons against a quarter last... More