Quarterly ResultMay 1, 2026, 02:27 PM
ACCO Brands Q1 Net Income $19.4M; Bargain Gain $37.6M
AI Summary
ACCO Brands reported a net income of $19.4 million for Q1 2026, a significant turnaround from a net loss of $13.2 million in Q1 2025. This positive shift was primarily driven by a $37.6 million preliminary bargain purchase gain from the acquisition of EPOS. Net sales also saw an increase to $343.7 million, although restructuring expenses rose to $6.7 million.
Key Highlights
- Net income was $19.4 million for Q1 2026, a significant improvement from a net loss of $13.2 million in Q1 2025.
- Basic earnings per share was $0.21 for Q1 2026, compared to a loss of $0.14 in Q1 2025.
- Net sales increased to $343.7 million for Q1 2026, up from $317.4 million in Q1 2025.
- Recorded a preliminary bargain purchase gain of $37.6 million from the EPOS acquisition.
- Restructuring expense increased to $6.7 million for Q1 2026, from $2.3 million in Q1 2025.
- Cash and cash equivalents stood at $118.9 million as of March 31, 2026.
- Long-term debt, net, was $848.0 million as of March 31, 2026.
- Consolidated Leverage Ratio was 4.14 to 1.00 as of March 31, 2026, below the maximum covenant of 4.75 to 1.00.
- Declared a dividend of $0.075 per share.
Price Impact
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