Acco: Q4 Earnings Snapshot
By AP News
Published - Feb 23, 2023, 06:18 PM ET
Last Updated - Jun 22, 2023, 07:47 PM EDT
LAKE ZURICH, Ill. (AP) — LAKE ZURICH, Ill. (AP) — Acco Brands Corp. (ACCO) on Thursday reported fourth-quarter net income of $18.8 million.
On a per-share basis, the Lake Zurich, Illinois-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, were 32 cents per share.
The maker of office supplies posted revenue of $499.4 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $505.9 million.
For the year, the company reported a loss of $13.2 million, or 14 cents per share, swinging to a loss in the period. Revenue was reported as $1.95 billion.
