ACCO Brands (NYSE: ACCO ) reported earnings on Feb. 13. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), ACCO Brands met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue grew significantly and GAAP earnings per share contracted to a loss.
Gross margins expanded, operating margins grew, net margins dropped.
ACCO Brands reported revenue of $529.7 million. The six analysts polled by S&P Capital IQ predicted a top line of $536.0 million on the same basis. GAAP reported sales were 51% higher than the prior-year quarter's $350.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.37. The six earnings estimates compiled by S&P Capital IQ forecast $0.37 per share. GAAP EPS were -$0.11 for Q4 against $0.16 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 33.6%, 140 basis points better than the prior-year quarter. Operating margin was 13.2%, 130 basis points better than the prior-year quarter. Net margin was -2.4%, 510 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $398.6 million. On the bottom line, the average EPS estimate is $0.00.
Next year's average estimate for revenue is $1.93 billion. The average EPS estimate is $1.01.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ACCO Brands is outperform, with an average price target of $11.00.
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