Acco Brands Corporation (ACCO) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.037 Good morning and welcome to the ACCO Brands first quarter 2025 conference call. 00:00:05.037 -- 00:00:08.701 This is Chris McGinnis, Senior Director of Investor Relations. 00:00:08.701 -- 00:00:12.746 Speaking on the call today is Tom Tedford, President and Chief Executive Officer of ACCO 00:00:12.746 -- 00:00:17.731 Brands Corporation. Tom will provide an overview of our first quarter results and provide 00:00:17.731 -- 00:00:20.555 an update on our 2025 priorities. 00:00:20.555 -- 00:00:25.380 Also speaking today is Deb O'Connor, Executive Vice President and Chief Financial Officer, 00:00:25.380 -- 00:00:30.440 who will provide greater detail on our first quarter results and second quarter outlook. 00:00:30.440 -- 00:00:33.164 We will then open the lines for questions. 00:00:33.164 -- 00:00:36.809 Slides that accompany this call have been posted to the investor relations section of 00:00:36.809 -- 00:00:38.732 accobrands.com. 00:00:38.732 -- 00:00:43.258 When speaking about our results, we may refer to adjusted results. 00:00:43.258 -- 00:00:48.525 Adjusted results exclude amortization and restructuring costs, non-cash goodwill 00:00:48.525 -- 00:00:53.793 and intangible asset impairment charges, and other non-recurring items and unusual tax 00:00:53.793 -- 00:00:58.800 items, and include adjustments to reflect estimated annual tax rate on a quarterly 00:00:58.800 -- 00:01:04.095 earnings. Schedules of adjusted results and other non-GAAP financial measures 00:01:04.095 -- 00:01:08.922 and a reconciliation of these measures to the most directly comparable GAAP measures 00:01:08.922 -- 00:01:12.647 are in the earnings release and slides that accompany this call. 00:01:12.647 -- 00:01:16.933 Due to the inherent difficulty in forecas...