Acco Brands Corporation · NYSE:ACCO
Acco Brands — Q4 2025 Earnings Presentation
26 slides from Acco Brands's earnings presentation, Mar 9, 2026
Slide 1: Q4 & Full Year 2025 Earnings Conference Call
ACCO BRANDS Q4 & Full Year 2025 Earnings Conference Call March 9, 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: 4Q & Full Year 2025 Highlights
4Q & Full Year 2025 Highlights Achieved full year sales and adjusted EPS in line Executing on $100M multi-year cost reduction with outlook program, have realized over $60 million since inception of program in 2024 Managed U.S. tariff-related disruptions Generated $70M in adjusted free cash flow In t
Slide 5: EPOS: The Power of Audio
EPOS: The Power of Audio | Premium enterprise wired and wireless headsets, + other audio solutions | Denmark-based; built on +100 years of research in psychoacoustics $90MM 130+ $1.7BN Revenue 2025A Patents Total Addressable | 1 of only 3 businesses with full certification with the three leading Uni
Slide 6: New Product Spotlight
New Product Spotlight PowerA has a strong pipeline of new products and additional Kensington has partnered with Eyesafe®, a global leader in blue light licensed products across several product categories to support technology, to introduce privacy screen filters that combine the Nintendo Switch 2 ov
Slide 7: Multi-Year Cost Reduction Program
Multi-Year Cost Reduction Program Total savings of over $60M since inception of the Program to date accomplishments program in 2024 • Rationalized global footprint • Reduced headcount and spend in SG&A Achieved over $35M in savings in 2025 • Consolidated supply chain resources • Combination of lower
Slide 8: Financial Results 4Q & Full Year 2025
Financial Results 4Q & Full Year 2025 3 Months Ended 12 Months Ended 4Q 2025 Commentary $ in Millions 2025 2024 %Chg 2025 2024 % Chg Net Sales $428.8 $448.1 (4.3%) $1,524.7 $1,666.2 (8.5%) | Comparable sales down 7.8%* • Favorable foreign exchange benefited sales by 3.5% Gross Profit $144.1 $155.5 (
Slide 9: 4Q Segment Financial Metrics
4Q Segment Financial Metrics $ in millions 4Q 2025 4Q 2024 Y/Y Change 4Q Segment Commentary ACCO BRANDS AMERICAS AMERICAS COMMENTARY Sales $244.4 $251.3 (2.7%) | Solid growth in technology accessories categories | Mix shift to lower priced and lower margin products *Comparable Sales $239.3 $251.3 (4
Slide 10: 4Q 2025 Margin Reconciliation
4Q 2025 Margin Reconciliation 4Q 2025 Change vs. Prior Year Items of Significant Impact Bps Gross Profit $144.1M ($11.4M) Pricing/Product Cost 70 Cost Savings 90 Gross Margin 33.6% (110 bps) Fixed Cost Absorption (140) *Tariff Impact (110) Mix/FX (20) SG&A $84.0M ($7.3M) Cost Savings (130) Sales Del
Slide 11: Capital Structure
Capital Structure ($ in millions) Facility Balance1 Interest Rate Methodology Rate USD Revolver2 34 SOFR + CSA4 + 225 bps 6.06% EUR Revolver2 107 EURIBOR+ 225 bps 4.27% AUD Revolver2 24 Australian BBSR + 225 bps 6.03% EUR Term Loan A 101 EURIBOR + 225 bps 4.27% Subtotal Senior secured credit facilit
Slide 12: Adjusted Free Cash Flow
Adjusted Free Cash Flow $ in millions* 2025 2024 Y/Y Change Adjusted Free Cash Flow Commentary Net cash provided by operations 69 148 (79) Additions to PP&E (18) (16) (2) | Cash flow seasonally weighted toward Free Cash Flow 51 132 (81) second half of the year Proceeds from the sale of assets 19 --
Slide 13: Capital Allocation
Capital Allocation | Adjusted free cash flow of $70M* CAPITAL ALLOCATION | Completed two synergistic acquisitions in the last twelve months DEBT | 4Q 2025 consolidated leverage ratio of 4.1x* REDUCTION | Debt repayment of $32M | Total return of $42M in 2025 SHAREHOLDER | Share repurchases of $15M RE
Slide 14: 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% Foreign Exchange 1.5% 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 3.9x *Comparable Sales, A
Slide 15: 1Q 2026 Outlook
1Q 2026 Outlook Guidance 1Q 2026 Reported Net Sales $317M to $327M Reported Net Sales Growth 0.0% to 3.0% Foreign Exchange 5.0% Comparable Sales* (7.0%) to (4.0%) Adjusted Loss Per Share ($0.06) to ($0.03) *Comparable Sales and Adjusted EPS are Non-GAAP financial measures 15
Slide 16: Thank You
Thank You Earnings Call / March 9, 2026 March 9, 2026
Slide 17: Appendix
acco Y ‘eo BRANDS @ Appendix ©
Slide 18: Global Leader in Enterprise & Productivity Solutions
Global Leader in Enterprise & Productivity TECHNOLOGY PERIPHERALS $392M* Solutions 24% of revenue Hardware technology accessories for enterprises, personal computing and gaming LEARNING & CREATIVE $438M 27% of revenue THREE COMPLEMENTARY BUSINESS SEGMENTS $1.6B* 4,700 2025 Revenue Employees SERVING
Slide 19: 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 20: 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 21: 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 twelv
Slide 22: 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 December 31, 2025 and 2024, the Company adjusted its tax rate to 30.0%, respectively, which repre
Slide 23: Reconciliation of Net Income 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 December 31, Year Ended December 31, (in millions)
Slide 24: Reconciliation of Debt to Net Debt
Reconciliation of Debt to Net Debt (Unaudited) The following table sets forth a reconciliation of debt reported in accordance with GAAP to Net Debt. Year Ended December 31, (in millions) 2025 2024 $ Change Total debt per balance sheet $836.8 $834.6 Add debt origination costs 4.1 5.1 Less cash and ca
Slide 25: Supplemental Business Segment Information and Reconciliation
ACCO Brands Corporation and Subsidiaries Supplemental Business Segment Information and Reconciliation (Unaudited) 2025 2024 Changes Adjusted Adjusted Reported Adjusted Operating Reported Adjusted Operating Adjusted Adjusted Operating Operating Income Operating Operating Income Operating Operating Ad
Slide 26: 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 Change (A) Net Sales Change Translation Cha