Quarterly ResultJul 31, 2026, 02:11 PM
ACCO Brands Q2 Net Sales $415.1M, Net Income $14.1M; YTD EPS $0.36
AI Summary
ACCO Brands reported Q2 2026 net sales of $415.1 million, an increase from $394.8 million in Q2 2025, but net income decreased to $14.1 million from $29.2 million. For the six months ended June 30, 2026, net sales rose to $758.8 million, and net income increased to $33.5 million, benefiting from a $36.5 million bargain purchase gain from the EPOS acquisition. The company also amended its credit agreement, increasing its maximum Consolidated Leverage Ratio covenant for 2026.
Key Highlights
- Q2 2026 Net Sales: $415.1 million, up from $394.8 million in Q2 2025.
- Q2 2026 Net Income: $14.1 million, down from $29.2 million in Q2 2025.
- YTD 2026 Diluted EPS: $0.35, up from $0.17 in YTD 2025.
- EPOS Acquisition: Completed January 30, 2026, resulting in a $36.5 million bargain purchase gain.
- Long-term Debt: Increased to $896.6 million as of June 30, 2026, from $806.0 million at Dec 31, 2025.
- Credit Agreement Amendment: Increased maximum Consolidated Leverage Ratio to 4.75x for Q1/Q2 2026.
- Cash and Cash Equivalents: $106.4 million as of June 30, 2026, up from $64.4 million at Dec 31, 2025.
- Net Cash Used by Operating Activities: $(31.8) million for YTD 2026, an improvement from $(33.4) million for YTD 2025.
Price Impact
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