ACCO Brands Corporation Announces Preliminary Unaudited Sales Results for the Fourth Quarter 2013; Provides Earnings Guidance for the Full Year 2013
Based on preliminary, unaudited results, the company expects 2013 sales to decline 5%, when compared to the prior-year pro forma level, to $1.79 billion, excluding a 2% negative impact from foreign currency (or $1.76 billion including the currency impact). In addition, the Company expects to meet its adjusted earnings per share guidance for 2013, which excluded the anticipated negative impact of foreign currency. The Company estimates that 2013 adjusted earnings per share, excluding an approximately 3 cent currency impact, are likely to be around $0.78-$0.79 (or $0.75-$0.76 including the currency impact).