ACCO Brands Corporation (ACCO) Tops Q4 EPS by 6c, Offers Guidance

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Go back to ACCO Brands Corporation (ACCO) Tops Q4 EPS by 6c, Offers Guidance

ACCO Brands Posts Record Sales and Strong Earnings Growth for Fourth Quarter and Full Year 2021

February 15, 2022 4:15 PM EST

LAKE 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 million

Fourth Quarter

Record net sales... More