ACCO BRANDS Corp

Listed Company

ACCOCIK 0000712034NYSEAcceleratedBlankbooks, Looseleaf Binders & Bookbindg & Relatd WorkDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.52B

Net Income

$41.30M

Total Assets

$2.25B

Equity

$664.60M

Shares Out

90.17M

Op. Cash Flow

$68.70M

Business

ACCO BRANDS Corp is a leading global consumer, technology and business branded products company providing well-known brands and product solutions for use in schools, homes and at work. It offers stationery, office supplies, filing and organization products, technology and gaming accessories, craft and art materials, binding and laminating systems, and related consumer and business products under multiple brands. The company operates two reporting segments—Americas and International—each designing, marketing, sourcing, manufacturing and selling branded products. Products are distributed through mass retailers, e-tailers, discount, drug/grocery and variety chains, warehouse clubs, office dealers, wholesalers, direct e-commerce and direct sales across the U.S., Europe, Australia, Canada, Brazil, Mexico and other markets.

Summary from filing dated 2025-02-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	1,525	1,666	1,833	1,948	2,025
Cost of products sold	1,025	1,111	1,235	1,395	1,410
Gross profit	500	555	598	552	615
Selling, general and administrative expenses	347	366	394	377	393
Amortization of intangibles	46	45	43	42	46
Restructuring	22	17	27	10	6
Gain on the disposal of assets	−7	0	0	—	—
Impairment of goodwill and intangible assets	0	165	90	99	—
Total operating costs and expenses	408	592	554	518	464
Operating income (loss)	92	−37	45	35	151
Interest expense	46	53	59	46	46
Interest income	−9	−8	−7	−8	−2
Non-operating pension expense	3	6	2	−5	−8
Other expense (income), net	4	−900,000	5	−13	3
Income (loss) before income tax	49	−87	−13	15	111
Income tax expense	8	14	9	28	10
Net income (loss)	41	−102	−22	−13	102
Basic income (loss) per share	0.45	−1.06	−0.23	−0.14	1.07
Diluted income (loss) per share	0.44	−1.06	−0.23	−0.14	1.05
Basic (in shares)	92	96	95	95	96
Diluted (in shares)	94	96	95	95	97

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	64	74	66	62	41
Accounts receivable less allowances of $18.6 and $16.2, respectively	360	349	431	384	416
Inventories	289	270	328	395	428
Other current assets	37	38	31	41	40
Total current assets	750	732	855	882	925
Total property, plant and equipment	528	506	600	589	656
Less: accumulated depreciation	−390	−368	−430	−404	−442
Property, plant and equipment, net	139	138	170	185	215
Right of use asset, leases	78	81	91	89	105
Deferred income taxes	93	89	105	100	116
Goodwill	479	446	590	672	803
Identifiable intangibles, net of accumulated amortization of $525.6 and $460.0, respectively	697	710	816	847	902
Other non-current assets	18	33	18	20	26
Total assets	2,253	2,228	2,645	2,795	3,091
Notes payable	0	11	200,000	10	9
Current portion of long-term debt	31	41	37	50	34
Accounts payable	187	167	184	240	308
Accrued compensation	30	43	53	38	57
Accrued customer program liabilities	77	79	104	103	101
Lease liabilities	21	22	21	21	24
Other current liabilities	120	129	144	127	150
Total current liabilities	465	490	542	589	709
Long-term debt, net of debt issuance costs of $4.1 and $5.1, respectively	806	783	882	937	954
Long-term lease liabilities	64	67	77	75	89
Deferred income taxes	109	112	126	144	145
Pension and post-retirement benefit obligations	118	117	158	156	222
Other non-current liabilities	27	53	74	84	95
Total liabilities	1,588	1,622	1,858	1,985	2,227
Common stock, $0.01 par value, 200,000,000 shares authorized; 95,581,746 and 98,131,339 shares issued and 90,136,133 and 92,881,008 outstanding, respectively	1	1	1	1	1
Treasury stock, 5,445,613 and 5,250,331 shares, respectively	−48	−47	−45	−43	−41
Paid-in capital	1,909	1,912	1,913	1,897	1,902
Accumulated other comprehensive loss	−523	−572	−526	−540	−536
Accumulated deficit	−675	−688	−556	−504	−462
Total stockholders' equity	665	606	787	810	865
Total liabilities and stockholders' equity	2,253	2,228	2,645	2,795	3,091

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Gain on disposal of assets	−7	−2	−300,000	—	—
Deferred income tax benefit	−4	−7	−20	1	−21
Depreciation	27	28	33	38	39
Amortization of debt issuance costs	2	3	3	3	3
Stock-based compensation	12	12	15	10	15
Loss on debt extinguishment	0	1	0	0	4
Accounts receivable	5	43	−39	32	−78
Inventories	1	38	86	23	−132
Other assets	2	−9	6	400,000	−1
Accounts payable	10	−6	−68	−66	131
Accrued expenses and other liabilities	−42	−42	18	−58	26
Accrued income taxes	−24	−20	−16	−11	2
Net cash provided by operating activities	69	148	129	78	160
Additions to property, plant and equipment	−18	−16	−14	−17	−21
Proceeds from the disposition of assets	19	4	3	7	0
Cost of acquisitions, net of cash acquired	−10	0	0	0	15
Net cash used by investing activities	−9	−12	−11	−9	−6
Proceeds from long-term borrowings	165	207	122	237	660
Repayments of long-term debt	−185	−293	−199	−221	−766
(Repayments) Borrowings of notes payable, net	−12	11	−10	700,000	4
Payments for debt issuance costs	−1	−3	0	−1	−11
Dividends paid	−27	−28	−29	−29	−26
Repurchases of common stock	−15	−15	0	−19	0
Payments related to tax withholding for stock-based compensation	−900,000	−2	−2	−3	−900,000
Net cash used by financing activities	−77	−123	−118	−48	−147
Effect of foreign exchange rate changes on cash and cash equivalents	8	−6	4	1	−2
Net (decrease) increase in cash and cash equivalents	−10	8	4	21	5
Interest	43	49	56	43	38
Income taxes	36	42	44	38	28

Filings

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