NYSE$ACCO
ACCO Brands Corporation · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
ACCO Brands reported its fourth quarter and full year financial results, with sales and EPS in line with outlook, excluding foreign currency headwinds.
ACCO Brands reported fourth quarter net sales of $448.1 million, an 8.3% decrease from the prior year, primarily due to softer global demand for office-related and back-to-school products. The company achieved a net income of $20.6 million, or $0.21 per share, a significant improvement from a net loss in the prior year. Full year results showed net sales of $1.67 billion, down 9.1%, and a net loss of $101.6 million, primarily due to higher non-cash impairment charges.
- Fourth quarter net sales decreased by 8.3% to $448.1 million, primarily due to softer global demand and lower back-to-school product demand in Brazil.
- Net income for the fourth quarter was $20.6 million, or $0.21 per share, a substantial improvement from a net loss of $59.4 million in the prior year.
- Full year net sales were $1.67 billion, a 9.1% decrease from 2023, with a net loss of $101.6 million, or $(1.06) per share, largely due to impairment charges.
- The company successfully executed on key priorities, realizing approximately $25 million in cost savings in 2024 and increasing its multi-year cost reduction program target to $100 million by the end of 2026.
Headline financials
Revenue & EPS history
ACCO Brands · Revenue · Quarterly
$448M
Forward guidance
For 2025, ACCO Brands expects comparable sales to be down in the range of 1.0% to 5.0%, with adjusted EPS between $1.00 and $1.05, and free cash flow between $105 million and $115 million. The company anticipates improved sales trends throughout the year and continued focus on cost reductions.
Tailwinds
- Anticipated improvement in year-over-year sales trends throughout 2025.
- Cost reductions from 2024 and aggressive cost structure management are expected to expand margin rates.
- Robust free cash flow will enable continued capital allocation strategy, including debt reduction and investments.
- Commitment to paying quarterly dividends and opportunistic share repurchases.
- Pursuit of potential mergers and acquisitions to drive growth.
Headwinds
- Broader range of guidance for sales and EPS due to current uncertainties.
- Potential impacts from tariffs and foreign exchange exposure.
- Economic headwinds affecting consumer demand remain unpredictable.
- First quarter comparable sales expected to be down in the range of 5.0% to 8.0%.
- First quarter adjusted loss per share expected due to fixed cost deleveraging in the seasonally smallest sales quarter.
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 2024
+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
| Quarter | Report date | Reaction (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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