ACCO Brands Corporation (ACCO) Tops Q1 EPS by 4c; Offers FY23 EPS Guidance

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Go back to ACCO Brands Corporation (ACCO) Tops Q1 EPS by 4c; Offers FY23 EPS Guidance

ACCO Brands Reports First Quarter 2023 Results Highlighted by Improved Margins and Cash Flow

May 4, 2023 4:15 PM EDT

Reported net sales of $403 million, above outlook Gross margins improved 250 basis points year-over-year Operating income of $10.1 million grew 49% year-over-year, adjusted operating income of $24.3 million grew 8% year-over-year EPS of ($0.04), adjusted EPS was $0.09, above outlook Net operating cash outflow improved $82 million from last year driven by better working capital management Reiterates full year 2023 outlook supported by better than expected first quarter results

LAKE ZURICH, Ill.--(BUSINESS WIRE)-- ACCO Brands Corporation (NYSE: ACCO) today announced its first quarter results... More