Overview

* ACCO Brands ( ACCO ) 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 ( ACCO ) 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

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Miss $383.70 $391.06

Sales mln mln (3

Analysts

)

Q3 EPS $0.04

Q3 Net $4 mln

Income

Q3 Gross $126.60

Profit mln

Q3 $26 mln

Operatin

g Income

Q3 $14.70

Pretax mln

Profit

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 ( ACCO ) is $9.00, about 56.6% above its October 29 closing price of $3.91

Press Release:

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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.)