ACCO Brands Corporation (ACCO) Tops Q4 EPS by 6c, Offers Guidance
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ACCO Brands Posts Record Sales and Strong Earnings Growth for Fourth Quarter and Full Year 2021
February 15, 2022 4:15 PM ESTLAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO) today announced its fourth quarter and full year results for the period ended December 31, 2021.
Full Year
Record net sales were $2.03 billion, up 22.4 percent; comparable sales up 5.0 percent EPS was $1.05, up 61.5 percent versus prior year; adjusted EPS was $1.41, up 48.4 percent Gross margin improved 70 bps Generated free cash flow of $138.4 million (operating cash flow of $159.6 million less $21.2 million of capex) Reduced debt $130.5 millionFourth Quarter
Record net sales... More