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 CorporationRaises full-year guidance after strong Q2 earnings beat.
