Acco Brands | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 343.7 M
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2026 Q1, the actual value is USD 343.7 M, beating the estimate of USD 319.93 M.
EPS: As of FY2026 Q1, the actual value is USD 0.2, beating the estimate of USD -0.17.
EBIT: As of FY2026 Q1, the actual value is USD 1.9 M.
Consolidated Performance
- Net Sales: ACCO Brands Corporation reported net sales of $343.7 million for the first quarter of 2026, an increase of 8.3% from $317.4 million in the first quarter of 2025.
- Gross Profit: Gross profit for the first quarter of 2026 was $106.8 million, up from $99.6 million in the prior year, representing a gross profit margin of 31.1% in 2026 compared to 31.4% in 2025.
- Operating Loss: The company recorded an operating loss of - $10.4 million in the first quarter of 2026, compared to an operating loss of - $6.7 million in the first quarter of 2025.
- Adjusted Operating Income: Adjusted operating income increased to $11.7 million in the first quarter of 2026 from $6.9 million in 2025.
- Net Income: Net income for the first quarter of 2026 was $19.4 million, significantly up from a net loss of - $13.2 million in 2025, positively impacted by a $37.6 million bargain purchase gain related to the EPOS acquisition.
- Adjusted Net Income: Adjusted net income was $1.8 million in the first quarter of 2026, compared to an adjusted net loss of - $2.0 million in 2025.
- Operating Costs: Selling, general and administrative expenses were $99.1 million in Q1 2026, up from $92.7 million in Q1 2025. Restructuring expense totaled $10.7 million in Q1 2026, compared to $2.3 million in the prior year.
Segment Performance
- ACCO Brands Americas:
- Net Sales: Segment net sales were $178.5 million, an increase of 2.6% from $173.9 million in the prior year.
- Comparable Sales: Comparable sales declined by 2.3% to $169.9 million.
- Operating Income: Operating income was $3.4 million, up from $0.9 million a year earlier.
- Adjusted Operating Income: Adjusted operating income rose to $12.8 million from $10.0 million in the prior year.
- ACCO Brands International:
- Net Sales: Segment net sales increased by 15.1% to $165.2 million from $143.5 million in the prior year.
- Comparable Sales: Comparable sales decreased by 2.8% to $139.5 million.
- Operating Income: Operating income was $2.4 million, down from $5.1 million in the prior year.
- Adjusted Operating Income: Adjusted operating income increased to $11.1 million from $9.6 million in the prior year.
Cash Flow and Debt
- Operating Cash Flow: Operating cash flow was $3.5 million for the quarter, compared to $5.5 million in the prior year.
- Free Cash Flow: Free cash flow was $1.4 million, down from $3.3 million in the prior year.
- Consolidated Leverage Ratio: As of March 31, 2026, the consolidated leverage ratio was 4.1x.
- Dividends Paid: The company paid dividends of $6.9 million during the quarter.
Outlook
ACCO Brands Corporation reaffirms its full-year 2026 outlook, expecting reported sales to be flat to up 3.0% and free cash flow between $75 million and $85 million. The company also anticipates a consolidated leverage ratio of 3.7x to 3.9x for the full year. For the second quarter of 2026, reported sales are expected to increase by 1.0% to 4.0%.
