ACCO Brands Q3 sales hit by lower demand, tariff refund lifts profit
ACCO•ACCO Brands' third-quarter sales fell 0.9% to $380.3 million, slightly missing expectations, while tariff refunds boosted adjusted earnings per share and operating income by $15.1 million. The company raised its full-year outlook to reflect the refunds and its Trust acquisition.
1. Third-quarter results
Net sales fell 0.9% to $380.3 million, slightly below the $383.7 million consensus estimate. Lower demand for technology peripherals contributed to a 6.2% decline in comparable sales. Tariff refunds lifted operating income and adjusted earnings per share by $15.1 million, while cost savings partly offset lower product mix.
2. Outlook raised
ACCO Brands closed its Trust acquisition and raised its full-year outlook to reflect the deal and tariff refunds. For 2026, it expects reported sales to rise 4.0% to 6.0%, adjusted earnings per share of $0.98 to $1.02, free cash flow of about $100 million and a year-end leverage ratio of 3.5 times.
