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 CorporationRaises full-year guidance for sales and EPS after Q2 sales rose 5%.