Thursday, August 1, 2019

ACCO Brands (ACCO)

A Deeper Dive Into Record 2Q19 Results

ACCO Brands Corporation designs, manufactures, sources, markets, and sells office products, academic supplies, and calendar products primarily in the United States, Canada, Northern Europe, Brazil, Australia, and Mexico. It operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.

Joe Gomes, Research Analyst, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

• Upbeat on North America. Management expects the North America segment to now be closer to flat y-o-y on a revenue basis, compared to a prior negative up to 2%. Combined with cost savings initiatives and pricing increases, North America should be the growth engine for the remainder of the year.
• EMEA Should Rebound, International Mixed. The EMEA segment should show improvement from the challenged 2Q over the rest of the year, although...
  

  

  
  

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in full report.  NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.