)
Overview
<ul>
<li>Branded consumer products maker’s Q1 net sales rose 8%, beating analyst expectations</li>
<li>Adjusted diluted EPS was $0.02, above company outlook</li>
<li>Sales growth driven by EPOS acquisition, FX gains, and Latin America, computer accessories strength</li>
</ul>
Outlook
<ul>
<li>ACCO Brands sees Q2 reported sales up 1% to 4%</li>
<li>Company expects Q2 adjusted EPS between $0.24 and $0.28</li>
<li>ACCO Brands reaffirms 2026 full-year sales to be in the range of flat to up 3.0% and djusted EPS outlook of $0.84 to $0.89</li>
</ul>
Result Drivers
<ul>
<li>EPOS ACQUISITION - Co said sales growth was driven by the EPOS acquisition and its integration is progressing as planned</li>
<li>COST SAVINGS - Adjusted operating income rose due to cost savings, which offset lower organic volumes and unfavorable product mix</li>
<li>WEAK OFFICE DEMAND - Comparable sales declined in both Americas and International segments due to reduced demand for office product categories Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Net Beat $343.70 $319.93
Sales mln mln (3
Analysts
)
<h3>Q1 EPS $0.20</h3>
Q1 Net $19.40
Income mln
Q1 Gross $106.80
Profit mln
<h3>Q1 -$10.40</h3>
Operatin mln
g Income
<h3>Q1 $14.90</h3>
Pretax mln
Profit
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “strong buy” and the breakdown of recommendations is 2 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the business support supplies peer group is “buy.”</li>
<li>Wall Street’s median 12-month price target for ACCO Brands Corp is $9.00, about 177.8% above its April 29 closing price of $3.24</li>
<li>The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 4 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

ACCO

ACCO Brands beats Q1 sales estimates, maintains FY revenue forecast