ACCO BRANDS Corp
For the period ended Mar 31, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 3, 2024
ACCO$5.35+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Loss
| Three Months EndedMarch 31, | ||
|---|---|---|
| (in millions, except per share data) | 2024 | 2023 |
| Net sales | $358.9 | $402.6 |
| Cost of products sold | 248.5 | 283.3 |
| Gross profit | 110.4 | 119.3 |
| Operating costs and expenses: | ||
| Selling, general and administrative expenses | 94.2 | 95.0 |
| Amortization of intangibles | 10.6 | 10.9 |
| Restructuring | (0.3) | 3.3 |
| Total operating costs and expenses | 104.5 | 109.2 |
| Operating income | 5.9 | 10.1 |
| Non-operating expense (income): | ||
| Interest expense | 13.3 | 13.9 |
| Interest income | (1.9) | (2.4) |
| Non-operating pension expense | 0.4 | 0.1 |
| Other (income) expense, net | (0.6) | 1.8 |
| Loss before income tax | (5.3) | (3.3) |
| Income tax expense | 1.0 | 0.4 |
| Net loss | $(6.3) | $(3.7) |
| Per share: | ||
| Basic loss per share | $(0.07) | $(0.04) |
| Diluted loss per share | $(0.07) | $(0.04) |
| Weighted average number of shares outstanding: | ||
| Basic | 95.7 | 94.9 |
| Diluted | 95.7 | 94.9 |
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