ACCO earnings analysis
What we found in ACCO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
ACCO Brands reported a strong Q1 2026, achieving net sales of $343.7 million, an 8.3% increase year-over-year, surpassing estimates. The company recorded a diluted EPS of $0.20, beating prior expectations of a loss. However, operating performance was affected by higher restructuring costs and a litigation settlement, resulting in an operating loss of $10.4 million.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 8.3%
- Net sales increased by $26.3 million year-over-year to $343.7 million.
- Positive EPS Surprise
- Reported EPS of $0.20 compared to estimated loss of $0.05, exceeding expectations by 1.4%.
- International Segment Leading Growth
- International segment revenues rose by 15.1%, contributing an additional $21.7 million to total sales.
- Bargain Purchase Gain from EPOS
- Acquisition of EPOS added a preliminary bargain purchase gain of $37.6 million.
- Cash Reserves of $118.9 Million
- As of March 31, 2026, the company holds $118.9 million in cash, supporting liquidity.
- Decrease in Comparable Sales
- Comparable sales dropped by 2.5%, reflecting declining demand despite overall revenue growth.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Increased Restructuring Costs
- Restructuring costs rose to $6.7 million, impacting profitability amid operational losses.
- Operating Loss Despite Revenue Growth
- An operating loss of $10.4 million was reported, worsening from a loss of $6.7 million last year.
- Challenges from Reduced Consumer Demand
- Ongoing geopolitical instability and lower consumer spending are expected to continue affecting demand.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.2
- Gross margin
- 31.1%
- Operating margin
- -3.0%
- Segment
- Americas: $178.5M; International: $165.2M
What they said about what is next.
Full year adjusted EPS expected between $0.84 and $0.89 with reported sales anticipated to range from flat to up 3.0%.
The filing reads better than the one before it.
What came before.
- 10-K · March 9, 2026
- ACCO Brands positions itself as a global consumer, technology and business products company focused on brand-led innovation and expanding into higher-growth technology peripheral categories while executing multi-year…
- 10-Q · November 1, 2024
- ACCO Brands reported Q3 net sales of $420.9M, down from $448.0M year‑ago, and diluted EPS of $0.09 (Q3 2023: $0.15). Management recorded a year‑to‑date impairment charge of $165.2M (goodwill impairment of $127.5M) and…
- 10-Q · August 2, 2024
- ACCO Brands reported a challenging second quarter with net sales of $438.3 million, down 11.2% year-over-year, while EBITDA margin contracted significantly, leading to an operating loss of $111.2 million. This was…
- 10-K · February 23, 2024
- ACCO Brands positions itself as a leading global consumer, technology and business branded products company with strong category positions (approximately 77% of 2023 net sales from brands ranked No. 1 or No. 2) and a…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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