ACCO Brands Corporation (ACCO) Misses Q3 EPS by 2c
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ACCO Brands Posts Strong Third Quarter 2021 Sales and Profit Increases; Raises Dividend
October 26, 2021 4:15 PM EDTLAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO) today announced its third quarter results for the period ended September 30, 2021.
Net sales were $527 million, up 19 percent; comparable sales up 4 percent, all segments up EPS was $0.21 versus $0.20 in prior year; adjusted EPS was $0.33 versus $0.25 in 2020 Higher tax rate impacted EPS and adjusted EPS by $(0.02) and $(0.03), respectively Gross margin improved 120 bps Generated 3Q operating cash flow of $99 million; reduced debt $117 million Raised dividend 15 percent"We posted another solid quarter based on improving... More
