Acco Brands Corporation

ACCO Brands Corporation announced an agreement to acquire Trust, a European provider of computer and gaming accessories, from pan-European investment firm Egeria. The financial details of the deal were not disclosed. The company expects the acquisition to shift its product and brand portfolio toward higher-growth technology peripherals, and projects cost synergies of approximately $5 to $8 million within 18 months after closing. The deal will be funded through borrowings under ACCO Brands' revolving credit facility, with limited impact to pro forma leverage, and is scheduled to close in late third quarter or early fourth quarter.

ACCO Brands Corporation raised its full-year sales and adjusted earnings guidance following second-quarter results that exceeded internal projections. Net sales rose 5.1% to $415.1 million, driven by the EPOS acquisition and favorable foreign exchange, while comparable sales declined 2.3%. Adjusted diluted EPS increased to $0.29 from $0.28 a year earlier, and adjusted operating income grew to $48.1 million from $47.1 million. The company now expects full-year net sales growth of 2% to 5%, up from a prior range of flat to 3%, and adjusted EPS of $0.87 to $0.91, raised from $0.84 to $0.89. Third-quarter sales are projected to be down 1% to up 2%, with adjusted EPS of $0.17 to $0.21, reflecting a cautious outlook on global macroeconomic conditions.

Acco Brands reported second-quarter sales rose 5% from a year earlier, exceeding its outlook, and raised its full-year guidance for reported sales and adjusted earnings per share. The increase was driven by strength in the Americas segment, the recently acquired EPOS business, and favorable foreign exchange, while comparable sales fell 2% amid weakness in international markets and technology peripherals. The company now expects full-year reported sales growth of 2% to 5% and adjusted EPS of $0.87 to $0.91, supported by cost reductions and strong back-to-school demand in the Americas. EPOS integration is on track, with Acco targeting approximately $80 million in 2026 sales and $15 million in cost synergies, though soft enterprise, PC-accessory, and gaming demand is expected to persist through the second half. The company also warned that full-year margins may decline as inflationary costs rise and pricing actions lag.

ACCO Brands Corp. recently launched its Kensington Pro Fit Ergo TB675 Vertical Wired and Wireless Trackballs, fueling optimism around the small-cap industrial stock. The thumb-operated trackballs feature a 60-degree vertical design approved by ergonomists, aiming to improve precision and productivity for professionals using multiple devices. ACCO Brands, which trades under the ticker ACCO on the NYSE, carries a strongly bullish consensus sentiment with Buy ratings from two analysts and a median 1-year price target of $7, implying over 73% upside.