ACCO BRANDS Corp

For the period ended Jun 30, 2024. Filed Aug 2, 2024.

About this filing

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.

Jun 30, 2024 · Filed Aug 2, 2024

ACCO$5.35+1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of (Loss) Income

	Three Months EndedJune 30,		Six Months EndedJune 30,
(in millions, except per share data)	2024	2023	2024	2023
Net sales	$438.3	$493.6	$797.2	$896.2
Cost of products sold	285.7	329.4	534.2	612.7
Gross profit	152.6	164.2	263.0	283.5
Operating costs and expenses:
Selling, general and administrative expenses	88.0	98.0	182.2	193.0
Amortization of intangibles	10.9	11.0	21.5	21.9
Restructuring	(0.3)	—	(0.6)	3.3
Impairment of goodwill and intangible assets	165.2	—	165.2	—
Total operating costs and expenses	263.8	109.0	368.3	218.2
Operating (loss) income	(111.2)	55.2	(105.3)	65.3
Non-operating expense (income):
Interest expense	13.8	15.5	27.1	29.4
Interest income	(2.2)	(2.2)	(4.1)	(4.6)
Non-operating pension expense	4.8	0.2	5.2	0.3
Other (income) expense, net	(0.2)	(0.3)	(0.8)	1.5
(Loss) income before income tax	(127.4)	42.0	(132.7)	38.7
Income tax (benefit) expense	(2.2)	15.6	(1.2)	16.0
Net (loss) income	$(125.2)	$26.4	$(131.5)	$22.7
Per share:
Basic (loss) income per share	$(1.29)	$0.28	$(1.37)	$0.24
Diluted (loss) income per share	$(1.29)	$0.27	$(1.37)	$0.23
Weighted average number of shares outstanding:
Basic	96.8	95.4	96.3	95.1
Diluted	96.8	96.3	96.3	96.7

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.