Acco Brands Corporation · NYSE:ACCO
Acco Brands — Q2 2026 Earnings Presentation
23 slides from Acco Brands's earnings presentation, Jul 31, 2026
Slide 1: Q2 2026 Earnings Conference Call
ACCO BRANDS Q2 2026 Earnings Conference Call July 31, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements contained herein, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, strategies, business operations and similar matters, results of operations, liquidity and financial condition, a
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 reconciliation of our current period and historical non-GAAP financial measures to the most directly comparable GAAP financial measures can be found at the end of this presentation. We
Slide 4: 2Q 2026 Highlights
2Q 2026 Highlights Achieved sales and adjusted EPS above outlook Executing $100M multi-year cost reductions, have achieved approximately $20 million YTD Growth driven by the EPOS acquisition, favorable FX and strong performance in the Americas Integration of EPOS acquisition on track, part of our se
Slide 5: Financial Results 2Q 2026
Financial Results 2Q 2026 3 Months Ended 6 Months Ended 2Q 2026 Commentary $ in Millions 2026 2025 % Chg 2026 2025 % Chg Net Sales $415.1 $394.8 5.1% $758.8 $712.2 6.5% | Reported sales up 5.1% • EPOS benefited sales by 5.7% *Adjusted Gross Profit $137.5 $129.7 6.0% $244.3 $229.3 6.5% • Favorable FX
Slide 6: 2Q Segment Financial Metrics
2Q Segment Financial Metrics $ in Millions 2Q 2026 2Q 2025 Y/Y Change 2Q Segment Commentary ACCO BRANDS AMERICAS AMERICAS COMMENTARY Sales $262.9 $248.5 5.8% | Solid back-to-school placements in North America *Comparable Sales $253.0 $248.5 1.8% | Strong performance in Mexico | Americas adjusted ope
Slide 7: 2Q 2026 Margin Reconciliation
2Q 2026 Margin Reconciliation 2Q 2026 Change vs. Prior Year Items of Significant Impact Bps Adjusted Gross Profit* $137.5M $7.8M Pricing/Product Cost (110) Cost Savings 110 Adjusted Gross 33.1% 20 bps Fixed Cost Absorption 20 Margin* Mix (60) Acquisition 60 Adjusted SG&A* $89.4M $6.8M Cost Savings (
Slide 8: Capital Structure
Capital Structure ($ in millions) Facility Balance1 Interest Rate Methodology Rate USD Revolver2 $114 SOFR+CSA4+225 bps 6.05% EUR Revolver2 $111 EURIBOR+ 225 bps 4.54% AUD Revolver2 $27 Australian BBSR+ 225 bps 6.72% EUR Term Loan A $95 EURIBOR+ 225 bps 4.54% Subtotal Senior secured credit facilites
Slide 9: Free Cash Flow
Free Cash Flow $ in Millions Q1 2026 Q2 2026 YTD 2026 YTD 2025 Y/Y Change Free Cash Flow Commentary Net Cash Provided (Used) by Operating Activities $4 ($35) ($32) ($33) $1 Additions to PP&E ($2) ($5) ($7) ($7) $0 Free Cash Flow $1 ($40) ($39) ($40) $1 Proceeds From the Sale of Assets $0 $0 $0 $17 (
Slide 10: Capital Allocation
Capital Allocation ACQUISITIONS | Recently completed the EPOS acquisition | Full-year consolidated leverage ratio DEBT expected in the range 3.7x to 3.9x REDUCTION | Net debt down $27M year-over-year SHAREHOLDER | Dividends paid YTD of $14M RETURNS *Consolidated Leverage Ratio are Non-GAAP financial
Slide 11: Full Year 2026 Outlook
Full Year 2026 Outlook Guidance Full Year 2026 Reported Net Sales $1,550M to $1,595M Reported Net Sales Growth 2.0% to 5.0% EPOS Acquisition 5.0% Foreign Exchange 2.5% Comparable Sales* (5.5%) to (2.5%) Adjusted EPS* $0.87 to $0.91 Free Cash Flow* $75M to $85M Consolidated Leverage Ratio 3.7x to 3.9
Slide 12: 3Q 2026 Outlook
3Q 2026 Outlook Guidance 3Q 2026 Reported Net Sales $380M to $390 Reported Net Sales Growth (1.0%) to 2.0% EPOS Acquisition 4.5% Foreign Exchange 1.0% Comparable Sales* (6.5%) to (3.5%) Adjusted EPS $0.17 to $0.21 *Comparable Sales and Adjusted EPS are Non-GAAP financial measures 12
Slide 13: Thank You
Thank You Earnings Call / July 31, 2026 13
Slide 14: Appendix
Appendix 14
Slide 15: 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 PRODUCT CATEGORIES $1.6B* 4,700 2025 Revenue Employees SERVING
Slide 16: 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 17: 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 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 six m
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 to Adjusted EBITDA (Unaudited) A. The income tax impact of discrete tax items. For interim periods for years ended June 30, 2026 and 2025, the Company adjusted its tax rate to 29.0% and 30.0%, respectively, which repres
Slide 20: Reconciliation of Net Income to Adjusted EBITDA
ACCO Brands Corporation and Subsidiaries Reconciliation of Net Income to Adjusted EBITDA (Unaudited) The following table sets forth a reconciliation of net income reported in accordance with GAAP to Adjusted EBITDA. Three Months Ended June 30, Six Months Ended June 30, (in millions) 2026 2025 % Chan
Slide 21: 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. Six Months Ended June 30, (in millions) 2026 2025 $ Change Total debt per balance sheet $930.4 $982.8 Add debt origination costs 3.4 4.5 Less cash and
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