If you’re looking for a company that offers a wide range of products for school, office, and home use, then you’ll want to learn more about ACCO Brands Corporation. As one of the world’s largest suppliers of branded academic, consumer, and business products, ACCO Brands is a dynamic company that designs, manufactures, and markets products to help people work, learn, play, and thrive. With a history of innovation and sustainability, ACCO Brands is a company that is committed to providing high-quality products that empower and simplify your workload process.
ACCO Brands Corporation was created by the merger of ACCO World from Fortune Brands with General Binding Corporation (GBC). Today, the company markets its products in over 100 countries across the globe through its own sales force and distribution networks. With revenues of nearly $2 billion, ACCO Brands is a leader in the industry and is dedicated to providing every home, school, and office with productivity tools that make a difference. Whether you’re looking for paper, pens, pencils, staples, scissors, or other products, ACCO Brands has everything you need to get the job done.
Key Takeaways
- ACCO Brands Corporation is a dynamic company that designs, manufactures, and markets branded consumer and end-user products for work, learning, play, and technology.
- ACCO Brands is committed to providing high-quality products that empower and simplify your workload process.
- With a history of innovation and sustainability, ACCO Brands is a leader in the industry and is dedicated to providing every home, school, and office with productivity tools that make a difference.
Company Overview
ACCO Brands Corporation is a leading supplier of academic, consumer, and business products. The company has a proud history of industry leadership, innovation, and focus on delivering exceptional value for shareholders, customers, and consumers by providing unique, leading-edge products.
History and Growth
Founded in 1903, ACCO Brands Corporation has been one of the world’s largest suppliers of academic, consumer, and business products for more than a century. The company has grown significantly since its inception and has established itself as a market leader in the industry.
ACCO Brands Corporation has its headquarters in Lake Zurich, Illinois, United States, and is listed on the New York Stock Exchange under the symbol “ACCO”. The company has subsidiaries in Brazil, Mexico, Singapore, and Europe, and markets its products in over 100 countries across the globe through its own sales force and distribution networks.
Global Presence
ACCO Brands Corporation has a strong global presence, with operations in North America, Europe, and Asia. The company’s products are sold in over 100 countries, making it one of the most widely recognized brands in the world.
The company has a strong focus on innovation and has established itself as a leader in the industry by introducing a range of unique and innovative products. ACCO Brands Corporation has a reputation for providing high-quality products that meet the needs of its customers.
In summary, ACCO Brands Corporation is a leading supplier of academic, consumer, and business products with a strong global presence. The company has a proud history of industry leadership, innovation, and focus on delivering exceptional value for shareholders, customers, and consumers by providing unique, leading-edge products.
Financial Performance
Key Financials
ACCO Brands Corporation is a leading supplier of branded office products and academic supplies. The company’s financial performance has been impressive in recent years, with net sales growing steadily. In 2023, ACCO Brands reported net sales of $1.8 billion, representing a 3% increase over the previous year. Operating income was $137.7 million, while net income was $97.6 million.
The company’s total assets were $2.1 billion, reflecting an increase of 3% from the previous year. ACCO Brands has a strong cash flow position, with free cash flow of $129.5 million. The company’s capital allocation strategy is focused on investing in growth opportunities, paying dividends, and returning capital to shareholders through share repurchases.
Market Performance
ACCO Brands’ international segment, particularly its EMEA (Europe, Middle East, and Africa) region, has been a key driver of growth in recent years. In 2023, the EMEA region accounted for 44% of the company’s net sales, up from 42% in the previous year. The company’s business segment results for the year showed that the EMEA region had the highest sales growth rate of all regions, at 5%.
ACCO Brands’ market performance has been supported by strong sales growth and improved margins. In 2023, the company reported adjusted earnings per share (EPS) of $2.05, up from $1.89 in the previous year. Adjusted operating income was $222.3 million, while adjusted SG&A expenses were $411.3 million.
The company’s focus on cost management and productivity improvements has enabled it to maintain strong margins despite inflationary pressures and foreign exchange headwinds. ACCO Brands’ sales growth and improved profitability have also supported its dividend policy, which has remained consistent in recent years. In 2023, the company paid a dividend of $0.26 per share.
Overall, ACCO Brands’ financial performance in 2023 was impressive, driven by strong sales growth, improved margins, and effective capital allocation. The company’s focus on cost management and productivity improvements has enabled it to maintain strong margins despite inflationary pressures and foreign exchange headwinds. The company’s international segment, particularly its EMEA region, has been a key driver of growth.
Product Portfolio
ACCO Brands Corporation is a leading supplier of branded office products. The company’s product portfolio includes a wide range of office supplies, technology and security products, and education essentials. Here are some of the product categories offered by ACCO Brands:
Office Supplies
ACCO Brands offers a wide range of office supplies such as staplers, paper clips, binders, and notebooks. The company’s well-recognized brands include Mead, Tilibra, Five Star, At-A-Glance, Quartet, and Swingline. These products are designed to help you stay organized and productive in the office or at home.
Technology and Security
ACCO Brands also offers a range of technology and security products for your home or office. The company’s Kensington brand offers a variety of products such as laptop locks, privacy screens, and docking stations. These products are designed to keep your technology safe and secure.
Education Essentials
ACCO Brands also offers a range of education essentials such as art supplies, notebooks, and planners. The company’s Derwent brand offers a variety of high-quality art supplies such as pencils, pens, and markers. These products are designed to help students and artists achieve their creative goals.
Overall, ACCO Brands offers a diverse range of products to cater to the needs of schools, offices, and individuals. With a focus on quality and innovation, the company is committed to providing its customers with the best products and services possible. So whether you need office supplies, technology and security products, or education essentials, ACCO Brands has got you covered!
Leadership and Governance
ACCO Brands Corporation is led by a team of experienced executives and overseen by a board of directors. The company’s leadership and governance structure are designed to ensure that the best interests of the company and its stakeholders are always upheld.
Executive Team
The executive team at ACCO Brands is responsible for the day-to-day operations of the company. At the helm of the company is Thomas W. Tedford, who serves as President and Chief Executive Officer. Mr Tedford has been with the company since 2004 and has held various senior executive positions before assuming his current role.
Other members of the executive team include Neal Fenwick, who serves as Senior Vice President and Chief Financial Officer, and Patrick Buchenroth, who is the Executive Vice President and Vice President, Americas. Together, the executive team is responsible for setting the strategic direction of the company and ensuring that the company’s operations are aligned with its overall goals.
Board of Directors
The board of directors at ACCO Brands is responsible for overseeing the company’s management and ensuring that the company is being run in the best interests of its stakeholders. The board is made up of experienced business leaders, including Boris Elisman, who serves as the Executive Chairman of the board. Mr Elisman has been with the company since 2005 and has held various senior executive positions before assuming his current role.
Other members of the board include independent directors who bring a wealth of experience and expertise from various industries. The board meets regularly to review the company’s performance and provide guidance to the executive team.
ACCO Brands’ leadership and governance structure are designed to ensure that the company is well-managed and positioned for long-term success. The company’s experienced executive team and board of directors work together to ensure that the company’s operations are aligned with its overall strategic goals. With a focus on responsible and sustainable business practices, ACCO Brands is well-positioned to continue delivering value to its stakeholders for years to come.
Innovation and Sustainability
ACCO Brands Corporation is committed to innovation and sustainability in all aspects of its business. The company invests heavily in research and development to create new and innovative products that meet the needs of its customers. ACCO Brands Corporation has a team of experienced designers and marketers who work together to create products that are not only functional but also visually appealing.
Research and Development
ACCO Brands Corporation is a leader in the industry when it comes to research and development. The company invests heavily in technology and equipment to ensure that its products are of the highest quality. The designers and manufacturers at ACCO Brands Corporation are constantly looking for ways to improve the value of their products, while also making them more efficient and environmentally friendly.
Environmental Initiatives
ACCO Brands Corporation is committed to reducing its environmental impact. The company has implemented a number of initiatives to reduce its use of raw materials and energy. ACCO Brands Corporation has set a goal to increase its revenue from products certified to third-party environmental and social standards. The company has also implemented a number of initiatives to reduce its carbon footprint, including using lower carbon rates from certain electricity providers and investing in energy-efficient equipment.
ACCO Brands Corporation has a global social responsibility policy in place, and it adheres to strict codes of conduct when it comes to the sourcing of raw materials. The company is committed to using sustainable materials wherever possible and has implemented a restricted substances list to ensure that its products are safe for both people and the environment.
In conclusion, ACCO Brands Corporation is a leader in innovation and sustainability. The company invests heavily in research and development to create new and innovative products that meet the needs of its customers. It is also committed to reducing its environmental impact and has implemented a number of initiatives to achieve this goal. By using sustainable materials and investing in energy-efficient equipment, ACCO Brands Corporation is leading the way in creating a more sustainable future.
Frequently Asked Questions
What exciting products are offered by ACCO Brands?
ACCO Brands offers a wide range of exciting products, including office supplies, school supplies, calendars, planners, and other productivity tools. They also provide products for binding, laminating, and shredding. ACCO Brands is committed to providing innovative and high-quality products that help you stay productive and organised.
How can I get in touch with ACCO Brands directly?
If you have any questions or concerns, you can get in touch with ACCO Brands directly via their website. They have a “Contact Us” page where you can find their corporate headquarters, major offices, and career-related information. You can also find information about their stock exchange and ticker symbol, as well as how to receive more information if you’re a registered stockholder.
Where are the various ACCO Brands locations situated?
ACCO Brands has a global presence, with offices and distribution networks in over 100 countries. They have nearly 6,600 employees in 21 different countries, making them one of the world’s largest suppliers of branded academic, consumer, and business products.
Who is the proud owner of ACCO Brands?
ACCO Brands is a publicly traded company, with shares trading on the New York Stock Exchange under the ticker symbol “ACCO”. They have a market capitalisation of nearly $2 billion, reflecting their success as a leading supplier of office products worldwide.
What’s the revenue like for ACCO Brands, and how does it reflect their success?
ACCO Brands has achieved impressive revenue growth in recent years, with nearly $2 billion in revenues. This reflects their commitment to providing innovative and high-quality products that meet the needs of their customers. ACCO Brands is dedicated to helping people stay organised and productive, and their success is a testament to their commitment to excellence.
Who was the brilliant founder of ACCO Brands?
ACCO Brands was founded in 1903 by Fred J. Kline and G.B. Lewis, who started the company as a manufacturer of paper clips. Since then, the company has grown to become one of the world’s largest suppliers of branded office products.