NYSE$ACCO

ACCO Brands Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

ACCO Brands experienced significant increases in sales and profits, driven by growth across all segments.

ACCO Brands reported a strong second quarter with net sales increasing by 41 percent to $518 million. EPS was $0.50 compared to $0.06 in the prior year, and adjusted EPS was $0.43 versus $0.18 in 2020. All segments posted sales and profit increases, with a strong rebound in commercial products and an improved gross margin.

  • EPS was $0.50 versus $0.06 in prior year
  • Adjusted EPS was $0.43 versus $0.18 in 2020
  • Net sales were $518 million, up 41 percent from 2020
  • All segments posted sales and profit increases

Headline financials

Total Revenue

$518M

Previous: $367M+41.1%
EPS (adj)

$0.43

Previous: $0.12+258.3%
Capital Expenditures

-$9.3M

Previous: -$8.9M-4.5%
Free Cash Flow

$39.3M

Previous: -$3.5M+1222.9%
Net Income

$48.6M

Previous: $5.4M+800.0%
Operating Income

$49.9M

Previous: $18.5M+169.7%
Gross Profit

$164M

Previous: $110M+49.2%
Cash & Equivalents

$77.9M

Previous: $129M-39.5%
Total Assets

$3.17B

Previous: $2.78B+14.3%
Stock-Based Comp

$4.2M

Previous: $2.5M+68.0%

Revenue & EPS history

ACCO Brands · Revenue · Quarterly

$518M

Q2 2021+41.1%vs Q2 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Third quarter sales are expected to be in a range of $515 million to $545 million, with PowerA contributing $55 million to $65 million. Adjusted earnings per share are expected to be in a range of $0.30 to $0.35. For the full year, sales are expected to be in a range of $2.0 billion to $2.07 billion, with PowerA contributing $255 million to $275 million. Adjusted earnings per share are expected to be in a range of $1.35 to $1.45.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+1.7%

Avg return

Earnings day

+0.2%

Avg return

5 days after

-0.4%

Avg return

30 days after

48%

31 / 65 earnings

Positive

+26.2%

Q3 2016

Best reaction

-19.1%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+23.1%+25.5%+23.7%
Q4 2025-6.6%-13.6%-25.6%
Q3 2025-6.9%-4.6%-12.0%
Q1 2025-5.6%-8.0%-7.0%
Q4 2024-17.4%-17.6%-21.4%
Q3 2024+5.8%+16.9%+17.1%
Q2 2024-9.0%-9.0%+7.2%
Q1 2024+2.5%+3.2%+6.9%
Q4 2023-13.4%+8.0%-4.2%
Q3 2023-0.6%-5.5%+7.7%
Q2 2023-4.5%-7.3%-13.2%
Q1 2023+15.6%+16.3%+16.3%
Q4 2022-3.6%+1.4%-11.4%
Q3 2022+15.6%+19.7%+24.1%
Q2 2022-8.8%-2.2%-20.7%
Q1 2022-5.2%-6.4%-6.4%
Q4 2021+8.4%+10.2%+2.6%
Q3 2021-6.3%-6.7%-0.1%
Q2 2021+8.8%+8.1%+14.8%
Q1 2021+4.1%+0.4%+5.7%
Q4 2020-6.3%-7.6%-2.4%
Q3 2020-9.8%-15.4%+30.2%
Q2 2020+1.9%-5.0%-3.6%
Q1 2020-11.4%-10.3%-3.1%
Q4 2019+13.2%+7.1%-32.7%
Q3 2019-11.2%-8.6%-8.4%
Q2 2019+19.9%+18.1%+13.6%
Q1 2019-3.1%-4.5%-16.9%
Q4 2018-2.4%+0.5%-3.1%
Q3 2018-19.1%-10.2%-18.7%
Q2 2018-6.6%-5.9%-9.6%
Q1 2018-1.7%-2.1%+7.1%
Q4 2017+23.3%+22.4%+19.3%
Q3 2017+0.0%-1.5%+2.7%
Q2 2017-9.4%-6.4%-6.0%
Q1 2017-5.3%-11.6%-17.3%
Q4 2016+8.9%+7.8%+0.8%
Q3 2016+26.2%+21.8%+39.4%
Q2 2016-10.7%-11.2%-10.1%
Q1 2016+7.2%
Q4 2015+9.4%
Q3 2015-0.4%
Q2 2015+12.4%
Q1 2015-6.6%
Q4 2014-6.2%
Q3 2014+7.6%
Q2 2014+9.8%
Q1 2014+2.2%
Q4 2013+2.4%
Q3 2013-17.5%
Q2 2013-6.7%
Q1 2013-3.2%
Q4 2012-4.6%
Q3 2012+24.1%
Q2 2012-17.1%
Q1 2012+3.4%
Q1 2011+3.4%
Q4 2011+1.9%
Q4 2009+1.9%
Q3 2011+21.9%
Q3 2010+21.9%
Q4 2010+17.3%
Q2 2011+17.3%
Q2 2010+17.3%
Q1 2010-2.0%

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