ACCO Brands Corporation Q1 2026 Earnings Release

ACCO Brands Corporation reported its first-quarter financial results for the period ended March 31, 2026. Net sales increased by 8.3% to $344 million, exceeding the company's outlook, driven by favorable foreign exchange, the EPOS acquisition, and growth in Latin America and computer accessories. The company reported a diluted earnings per share of $0.20, which included a gain on acquisition. Adjusted diluted earnings per share were $0.02, also above expectations. The integration of the EPOS acquisition is progressing well, with synergies on track. ACCO Brands reaffirmed its full-year 2026 outlook and provided a positive outlook for the second quarter. The company reported an operating loss of $10.4 million, compared to a loss of $6.7 million in the prior year, impacted by restructuring expenses related to EPOS and a litigation settlement. However, adjusted operating income increased to $11.7 million from $6.9 million in the prior year. Net income for the quarter was $19.4 million, a significant improvement from a net loss of $13.2 million in the prior year, primarily due to a $37.6 million bargain purchase gain from the EPOS acquisition. The company generated $1.4 million in free cash flow for the quarter, compared to $3.3 million in the prior year. ACCO Brands' consolidated leverage ratio was 4.1x as of March 31, 2026.