Acco Brands | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 415.1 M

Revenue: As of FY2026 Q2, the actual value is USD 415.1 M, beating the estimate of USD 402.53 M.

EPS: As of FY2026 Q2, the actual value is USD 0.15, missing the estimate of USD 0.17.

EBIT: As of FY2026 Q2, the actual value is USD 21 M.

Second Quarter 2026 Results

Consolidated Performance

ACCO Brands Corporation reported net sales of $415.1 million for the second quarter ended June 30, 2026, an increase of 5.1% from $394.8 million in the prior year. This growth was driven by a 5.7% contribution from the EPOS acquisition and 1.7% from favorable foreign exchange, while comparable sales declined by -2.3%.Gross profit increased by 3.4% to $134.1 million, with a gross profit margin of 32.3% in 2026, compared to 32.9% in 2025.Operating income was $30.3 million, a decrease of -8.2% from $33.0 million in 2025. The 2026 figure includes $5.2 million in one-time charges, and 2025 included a $6.9 million gain on the sale of assets.Adjusted operating income increased to $48.1 million from $47.1 million in 2025, representing an adjusted operating margin of 11.6% compared to 11.9% in 2025.Net income for the quarter was $14.1 million, a decrease of -51.7% from $29.2 million in 2025.Adjusted net income increased to $27.4 million from $25.8 million in 2025.Selling, general and administrative expenses were $91.2 million (22.0% of sales) in 2026, up from $82.6 million (20.9% of sales) in 2025.Restructuring expense significantly decreased to $1.3 million in 2026 from $9.4 million in 2025.

Segment Performance

ACCO Brands Americas

Net sales increased by 5.8% to $262.9 million from $248.5 million in the prior year. The EPOS acquisition contributed 2.7% to growth, and favorable foreign currency added 1.3%. Comparable sales were up 1.8% to $253.0 million.Operating income rose to $46.4 million from $40.7 million, and adjusted operating income increased to $55.8 million, with a 21.2% margin, up from $43.2 million (17.4% margin) in 2025.

ACCO Brands International

Net sales increased by 4.0% to $152.2 million from $146.3 million. The EPOS acquisition boosted sales by 10.8%, and favorable foreign exchange added 2.5%. However, comparable sales declined by -9.3% to $132.8 million due to reduced demand and a planned systems upgrade in EMEA.The segment reported an operating loss of -$4.8 million, compared to an operating income of $0.8 million in the prior year.Adjusted operating income was $3.6 million, with a 2.4% margin, down from $12.4 million (8.5% margin) in 2025.Restructuring expense was $1.0 million, a decrease from $8.6 million in the prior year.

Six Month 2026 Results (Year to Date)

Net sales for the six months ended June 30, 2026, increased by 6.5% to $758.8 million from $712.2 million in 2025. The EPOS acquisition contributed $37.6 million (5.3%) to sales, and favorable foreign exchange added $26.0 million (3.7%). Comparable sales decreased by -2.5%.Operating income was $19.9 million, down from $26.3 million in 2025.Adjusted operating income increased to $59.8 million from $54.0 million in 2025.Net income was $33.5 million, up from $16.0 million in 2025, benefiting from a $36.5 million bargain purchase gain related to the EPOS acquisition.Adjusted net income increased to $29.2 million from $23.7 million in 2025.

Cash Flow and Debt

Year-to-date free cash outflow was -$38.6 million, compared with an outflow of -$40.2 million in the prior year.Net cash used by operating activities for the six months was -$31.8 million.The Company’s consolidated leverage ratio stood at 4.3x as of June 30, 2026.Dividends paid year-to-date totaled $13.8 million.

Outlook

ACCO Brands Corporation has raised its full-year 2026 sales and adjusted EPS outlook, now expecting reported sales to increase by 2.0% to 5.0% and adjusted EPS to be between $0.87 and $0.91.The company reiterates its full-year 2026 free cash flow guidance of $75 million to $85 million.Additionally, the company expects the consolidated leverage ratio to be between 3.7x and 3.9x for the full year.