Office products maker ACCO Brands' Q3 net sales miss estimates on softer global demand

Overview

• ACCO Brands Q3 net sales fell 8.8%, missing analyst expectations

• Adjusted EPS for Q3 was $0.21, in line with company outlook

• Company achieved over $50 mln in savings from cost reduction program

Outlook

• Company expects full-year 2025 sales to decline 7.0% to 8.5%

• ACCO Brands forecasts 2025 adjusted EPS between $0.83 and $0.90

• Company anticipates 2025 adjusted free cash flow of $90 mln to $100 mln

Result Drivers

• SOFT DEMAND - Co attributes sales decline to softer global demand across product categories

• COST SAVINGS - Co's multi-year cost reduction program yielded over $50 mln in savings, aiding gross margin expansion

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the business support supplies peer group is "buy."

• Wall Street's median 12-month price target for ACCO Brands Corp is $9.00, about 56.6% above its October 29 closing price of $3.91

Press Release: ID:nBwb3vqLka

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)