Monday, May 05, 2025
ACCO Brands Corporation is one of the world’s largest designers, marketers and manufacturers of branded academic, consumer and business products. Our widely recognized brands include AT-A-GLANCE®, Esselte®, Five Star®, GBC®, Kensington®, Leitz®, Mead®, PowerA®, Quartet®, Rapid®, Rexel®, Swingline®, Tilibra®, and many others. Our products are sold in more than 100 countries around the world. More information about ACCO Brands, the Home of Great Brands Built by Great People, can be found at www.accobrands.com.
Joe Gomes, CFA, Managing Director, Equity Research Analyst, Generalist , Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Control What Can Be Controlled. Given the uncertain economic situation, management is focused on what they can control. The prime examples being the multi-year cost out program and the effort to move manufacturing for U.S. based consumption to the lowest cost geographical areas possible. Management also continues to push forward its new product program to capture additional sales.
Cost Reduction Program. ACCO’s $100 million cost reduction program remains on track, with SG&A costs down y-o-y primarily due to the program. Management estimates some $7 million of savings during 1Q25, and the Company remains on track to deliver $40 million of savings in 2025. This will help alleviate some of the pressure from tariff uncertainty.
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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 the 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.
