NYSE$ACCO

ACCO Brands Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ACCO Brands posted record sales and strong earnings growth.

ACCO Brands reported record sales for the fourth quarter and full year 2021, driven by the company's shift towards faster-growing, consumer- and technology-centric categories and channels. The company delivered strong earnings and free cash flow, expanded margins, raised its dividend, and reduced debt.

  • Record net sales were $570.3 million, up 24.0 percent; comparable sales up 8.4 percent, all segments posted increases.
  • EPS was $0.55, up 77.4 percent versus prior year; adjusted EPS was $0.54, up 38.5 percent.
  • Generated free cash flow of $108.3 million (operating cash flow of $115.6 million less $7.3 million of capex).
  • Reduced debt $123.5 million.

Headline financials

Total Revenue

$570M

Previous: $460M+24.0%
EPS (adj)

$0.54

Previous: $0.32+68.8%
Income tax rate

6.5%

No prior period
Capital Expenditures

$7.3M

Previous: $3.5M+108.6%
Free Cash Flow

$108M

Previous: $93.9M+15.3%
Net Income

$53.5M

Previous: $29.8M+79.5%
Operating Income

$63.6M

Previous: $42.2M+50.7%
Gross Profit

$178M

Previous: $143M+24.5%
Cash & Equivalents

$41.2M

Previous: $36.6M+12.6%
Total Assets

$3.09B

Previous: $3.05B+1.4%
Stock-Based Comp

$3M

Previous: $1.3M+130.8%

Revenue & EPS history

ACCO Brands · Revenue · Quarterly

$570M

Q4 2021+24%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

The company expects another year of record sales and record adjusted earnings per share, significant free cash flow growth and winning market place performance.

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 Q4 2021

Historical avgQ4 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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