ACCO Brands Corporation (ACCO) Tops Q1 EPS by 7c, Revenues Beat; Offers 2Q EPS/Revenues Guidance Above Consensus
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ACCO Brands Posts First Quarter 2021 Sales Increase of 7 Percent Based on Strength in PowerA and EMEA
April 27, 2021 4:15 PM EDTLAKE 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
