ACCO Brands Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 23, 2024 at 02:30 am IST
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ACCO Brands Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 488.6 million compared to USD 499.4 million a year ago. Net loss was USD 59.4 million compared to net income of USD 18.8 million a year ago. Basic loss per share from continuing operations was USD 0.62 compared to basic earnings per share from continuing operations of USD 0.2 a year ago. Diluted loss per share from continuing operations was USD 0.62 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
For the full year, sales was USD 1,832.8 million compared to USD 1,947.6 million a year ago. Net loss was USD 21.8 million compared to USD 13.2 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to USD 0.14 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to USD 0.14 a year ago.
ACCO Brands Corporation is a global consumer, technology and business branded products company, providing brands and innovative product solutions used in schools, homes and at work. The Company operates through two segments: ACCO Brands Americas and ACCO Brands International. The Americas includes the U.S., Canada, Brazil, Mexico and Chile, and International includes EMEA, Australia, New Zealand and Asia. Its primary products include note-taking products, computer and gaming accessories; planners; workspace machines, tools and essentials; dry erase boards and accessories; filing and organization products; writing and art products and others. Its primary brands include Five Star, PowerA, Tilibra, AT-A-GLANCE, Kensington, Quartet, GBC, Mead, Swingline, Barrilito, Foroni, Hilroy, Leitz, Rapid, Esselte, Rexel, NOBO, Franken, Derwent, Marbig, Artline and Spirax among others. The Company distributes its products through a variety of channels and sells directly through e-commerce sites.