Acco Brands Corporation · NYSE:ACCO
Acco Brands — Q1 2026 Earnings Presentation
23 slides from Acco Brands's earnings presentation, May 1, 2026
Slide 1: Q1 2026 Earnings Conference Call
ACCO BRANDS Q1 2026 Earnings Conference Call May 1, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements contained herein, other than statements of historical fact, particularly those regulatory, compliance and other risks in such markets; the continued decline in the use of certain anticipating future financial performance, business prospects, growth, strategies,
Slide 3: Reg. G Non-GAAP Financial Measures
Reg. G Non-GAAP Financial Measures An explanation of how we calculate each of our Non-GAAP financial measures and a We also provide forward-looking non-GAAP comparable sales, adjusted earnings reconciliation of our current period and historical non-GAAP financial measures to per share, free cash flo
Slide 4: 1Q 2026 Highlights
1Q 2026 Highlights Achieved sales and adjusted EPS above outlook Executing on $100M multi-year cost reduction program, have realized approximately $10 million in Better-than-expected comparable sales drove 1Q; $70 million since inception of the program improved sales in the quarter Integration of EP
Slide 5: EPOS: The Power of Audio
EPOS: The Power of Audio | Premium enterprise wired and wireless headsets + other audio solutions | Signifies ACCO Brands refined strategy to expand in growing technology $90MM 130+ $1.7BN peripherals Revenue 2025A Patents Total Addressable Market | Integration on track, with expected sales of $80 m
Slide 6: Financial Results 1Q 2026
Financial Results 1Q 2026 3 Months Ended 1Q 2026 Commentary $ in Millions 2026 2025 % Chg Net Sales $343.7 $317.4 8.3% | Reported sales up 8.3.% • Favorable FX 6.0% • EPOS benefited sales by 4.8% Gross Profit $106.8 $99.6 7.2% • Comparable sales down 2.5%* % Margin 31.1% 31.4% | Gross margin rate de
Slide 7: 1Q Segment Financial Metrics
1Q Segment Financial Metrics $ in millions 1Q 2026 1Q 2025 Y/Y Change 1Q Segment Commentary ACCO BRANDS AMERICAS AMERICAS COMMENTARY Sales $178.5 $173.9 2.6% | Solid growth in computer accessories categories | Good sales growth in Latin America *Comparable Sales $169.9 $173.9 (2.3%) | Americas adjus
Slide 8: 1Q 2026 Margin Reconciliation
1Q 2026 Margin Reconciliation 1Q 2026 Change vs. Prior Year Items of Significant Impact Bps Gross Profit $106.8M $7.2M Pricing/Product Cost 10 Cost Savings 130 Gross Margin 31.1% (30 bps) Fixed Cost Absorption (110) Mix (80) Acquisition 20 Adjusted SG&A $95.1M $2.4M Cost Savings (240) Sales Delevera
Slide 9: Capital Structure
Capital Structure ($ in millions) Facility Balance1 Interest Rate Methodology Rate USD Revolver2 $87 SOFR + CSA4 + 225 bps 5.98% EUR Revolver2 93 EURIBOR+ 225 bps 4.27% AUD Revolver2 25 Australian BBSR + 225 bps 6.04% EUR Term Loan A 97 EURIBOR + 225 bps 4.38% Subtotal Senior secured credit faciliti
Slide 10: Free Cash Flow
Free Cash Flow $ in millions* 1Q 2026 1Q 2025 Y/Y Change Free Cash Flow Commentary Net cash provided by operations $4 $5 $(1) Additions to PP&E (2) (2) -- | Cash flow seasonally weighted toward Free Cash Flow $1 $3 $(2) second half of the year Dividends paid (7) (7) -- Share repurchase -- (15) 15 |
Slide 11: Capital Allocation
Capital Allocation | Free cash flow of $1M CAPITAL ALLOCATION | Recently completed two synergistic acquisitions DEBT | 1Q 2026 consolidated leverage ratio of 4.1x* REDUCTION | Gross debt down $35M year-over-year SHAREHOLDER | Dividends paid of $7M RETURNS *Consolidated Leverage Ratio are Non-GAAP fi
Slide 12: Full Year 2026 Outlook
Full Year 2026 Outlook Guidance Full Year 2026 Reported Net Sales $1,525M to $1,570M Reported Net Sales Growth 0.0% to 3.0% EPOS Acquisition 5.0% Foreign Exchange 1.0% Comparable Sales* (6.0%) to (3.0%) Adjusted EPS* $0.84 to $0.89 Free Cash Flow* $75M to $85M Consolidated Leverage Ratio 3.7x to 3.9
Slide 13: 2Q 2026 Outlook
2Q 2026 Outlook Guidance 2Q 2026 Reported Net Sales $400M to $410M Reported Net Sales Growth 1.0% to 4.0% EPOS Acquisition 5.0% Foreign Exchange 1.0% Comparable Sales* (5.0%) to (2.0%) Adjusted EPS $0.24 to $0.28 *Comparable Sales and Adjusted EPS are Non-GAAP financial measures 13
Slide 14: Thank You
Thank You Earnings Call / May 1, 2026 March 9, 2026
Slide 15: Appendix
acco Y ‘eo BRANDS @ Appendix ©
Slide 16: Global Leader in Enterprise & Productivity Solutions
Global Leader in Enterprise & Productivity TECHNOLOGY PERIPHERALS $389M* Solutions 24% of revenue Hardware technology accessories for enterprises, personal computing and gaming LEARNING & CREATIVE $440M 27% of revenue THREE COMPLEMENTARY BUSINESS SEGMENTS $1.6B* 4,700 2025 Revenue Employees SERVING
Slide 17: About Non-GAAP Financial Measures
About Non-GAAP Financial Measures Our non-GAAP financial measures include the following: Comparable Sales: Represents net sales excluding the impact of material acquisitions, if any, with current-period foreign operation sales translated at prior-year currency rates. We believe comparable sales are
Slide 18: Reconciliation of GAAP to Adjusted Non-GAAP Information
ACCO Brands Corporation and Subsidiaries Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited) The following tables set forth a reconciliation of certain Consolidated Statements of Income (Loss) information reported in accordance with GAAP to Adjusted Non-GAAP Information for the three
Slide 19: Notes to Reconciliations of GAAP to Adjusted Non-GAAP Information
Notes to Reconciliations of GAAP to Adjusted Non-GAAP Information and Net Income (Loss) to Adjusted EBITDA (Unaudited) A. The income tax impact of discrete tax items. For interim periods for years ended March 31, 2026 and 2025, the Company adjusted its tax rate to 30.0%, respectively, which represen
Slide 20: Reconciliation of Net Income (Loss) to Adjusted EBITDA
ACCO Brands Corporation and Subsidiaries Reconciliation of Net Income (Loss) to Adjusted EBITDA (Unaudited) The following table sets forth a reconciliation of net income (loss) reported in accordance with GAAP to Adjusted EBITDA. Three Months Ended March 31, (in millions) 2026 2025 % Change Net inco
Slide 21: Reconciliation of Debt to Net Debt and Free Cash Flow
Reconciliation of Debt to Net Debt (Unaudited) The following table sets forth a reconciliation of debt reported in accordance with GAAP to Net Debt. Three Months Ended March 31, (in millions) 2026 2025 $ Change Total debt per balance sheet $897.3 $931.7 Add debt origination costs 3.7 4.8 Less cash a
Slide 22: Supplemental Business Segment Information and Reconciliation
ACCO Brands Corporation and Subsidiaries Supplemental Business Segment Information and Reconciliation (Unaudited) 2026 2025 Changes Adjusted Adjusted Reported Adjusted Operating Reported Adjusted Operating Adjusted Adjusted Operating Operating Income Operating Operating Income Operating Operating Ad
Slide 23: Supplemental Net Sales Change Analysis
ACCO Brands Corporation and Subsidiaries Supplemental Net Sales Change Analysis (Unaudited) % Change - Net Sales $ Change - Net Sales (in millions) GAAP Non-GAAP GAAP Non-GAAP Currency Comparable Sales Currency Comparable Sales Net Sales Change Translation Acquisition Change (A) Net Sales Change Tra