ACCO Brands Corporation (ACCO) Misses Q4 EPS by 2c
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ACCO Brands Reports Fourth Quarter and Full Year 2022 Results and Provides Outlook For 2023
February 23, 2023 4:15 PM ESTÂ Full Year
Net sales were $1.95 billion, down 4 percent; comparable sales up 1 percent Gained market share across multiple product categories in North America in 2022 Achieved quarterly sequential margin improvement in EMEA as pricing actions took hold Realized double-digit sales and profit growth in the International segment Generated $78 million of cash from operations; adjusted free cash flow of $78 million During fourth quarter of 2022 actioned annual cost savings of $13 million from significant restructuring initiatives Full year 2023 outlook anticipates margin expansion and profit growthLAKE ZURICH,... More
