ACCO Brands Corp (ACCO) is one of the largest suppliers of select categories of branded consumer and business products in the world. The company, with its global headquarters in Lake Zurich, Illinois, operates in more than 100 countries worldwide.
ACCO Brands Corp was formed out of the merger of ACCO World, from Fortune Brands with General Binding Corporation (GBC). The merger was completed on August 17, 2005. In 2012, ACCO Brands completed a $860 million transaction and acquired MeadWestvaco's Consumer & Office Products business. This has expanded ACCO Brands product portfolio to include art products, notebooks, technology accessories and increased their presence in the world market.
The company specializes in office products, with designing, marketing and selling of traditional office supplies, binding and laminating equipment and consumables, and computer accessories being its primary operations. Their robust portfolio of well-known brands includes Five Star®, GBC®, Kensington®, Swingline®, Quartet®, AT-A-GLANCE® and many others. They are committed to providing consumers with innovative, high-quality products and services, developed by a diverse, talented workforce that is dedicated to exceeding customer expectations.
ACCO Brands Corp (ACCO) has a broad global network, and it is renowned for its high-speed delivery, highly responsive customer service, and leading-edge technology in product development. While they serve many large commercial offices, they are also a key provider for the small office, home office (SOHO) market, education sector and consumers.
Financial performance-wise, ACCO Brands Corp (ACCO) has witnessed steady growth over the years and continues to expand its global footprint. The company reported a revenue of $1.9 billion in 2020. Furthermore, while navigating the challenges of the COVID-19 pandemic, the company has demonstrated resilience and agility, adjusting its operations and strategy to ensure balanced performance under testing circumstances.
Furthermore, ACCO Brands Corp (ACCO) is committed to sustainability and the company's Environmental, Social, Governance (ESG) strategy emphasizes sustainable product design, responsible operations, and community commitment.
In brief, ACCO Brands Corp (ACCO) represents a blend of good governance, strong financials, and wide market acceptance – qualities that provide it with immense potential for sustainable growth on an international scale. Driven by a strong ethical base and a culture of innovation, ACCO Brands Corp (ACCO) enjoys both a comprehensive range and solid reputation. With its continuous focus on customer satisfaction, ACCO Brands Corp (ACCO) is poised to remain a key player in the office products industry.
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This article compares Acco Brands (ACCO) and Haleon PLC Sponsored ADR (HLN) to determine which is the better value stock based on Zacks' Style Scores and Zacks Rank. It highlights ACCO's #2 (Buy) Rank and superior valuation metrics, such as lower P/E and PEG ratios, making it the preferred value option over HLN, which holds a #3 (Hold) Rank. The analysis suggests ACCO's improving earnings outlook and favorable valuation metrics make it a more attractive investment for value-oriented investors.
ACCO Brands (NYSE:ACCO) is set to trade ex-dividend in two days, with a payment of US$0.075 per share, totaling US$0.30 annually, which represents a 7.1% trailing yield. The company's dividend payments are covered by both profits (47% payout ratio) and free cash flow (52% payout ratio), indicating sustainability. However, earnings have been flat over the past five years, and dividend growth has been modest at 2.5% annually.
ACCO Brands has acquired Trust, a European computer, gaming, and mobile accessories company, to accelerate its strategic shift towards faster-growing technology peripherals. This acquisition is expected to boost ACCO Brands' technology peripherals businesses to nearly $500 million in annual sales on a pro forma basis and generate $5 million to $8 million in cost synergies within 18 months. The deal expands ACCO Brands' portfolio, complementing its existing brands like Kensington, PowerA, and EPOS, and provides Trust with access to global distribution capabilities.