ACCO Brands(DE:A3B)
€4.86+0.12 (+2.53%)
DE:A3B
ACCO Brands earnings date
€4.86
At close:+0.12 (+2.53%)
ACCO Brands (A3B) Q3 2026 Earnings Report
1 Followers
DE:A3B Q3 2026 EPS Results
- Actual EPS
- EUR 0.25
- Consensus EPS
- EUR 0.17
- Beat/Miss
- Beat by +EUR 0.08
- One Year Ago EPS
- EUR 0.19
DE:A3B Q3 2026 Revenue Results
- Actual Revenue
- EUR 341.05M
- Expected Revenue
- EUR 344.10M
- Beat/Miss
- Missed by -EUR 3.05M
- YoY Revenue Growth
- -0.89%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 10/29/2026
- Time
- After Close
- Conference Call
- Thursday, October 29, 2026
DE:A3B Upcoming Earnings
ACCO Brands's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:A3B Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive. ACCO reported results in line with expectations, raised its full-year outlook, delivered strong back-to-school performance, expanded its Technology Peripherals platform through the Trust acquisition, improved cash flow, and remained on track with cost reductions and debt reduction. These strengths outweighed the comparable-sales decline, low-double-digit Technology Peripherals decline, margin pressures from mix and lower volumes, and a more cautious fourth-quarter free-cash-flow outlook.
Company Guidance
ACCO Brands now expects 2026 reported sales growth of 4%-6%, adjusted EPS of $0.98-$1.02, free cash flow to be approximately $100 million, and to end the year with a consolidated leverage ratio of approximately 3.5x; over the longer term, Technology Peripherals is expected to deliver mid-single-digit growth, Learning & Creative is expected to remain stable or grow modestly, EPOS is expected to generate $6 million of annualized savings in 2026 and approximately $15 million by the end of 2027, and Trust is expected to be modestly accretive to EPS in the first 12 months, with $5 million-$8 million of synergies to be realized during the first 18 months of ownership.
- Third-Quarter Results Met OutlookManagement said third-quarter sales were in line with its outlook and underlying operating performance met expectations. Adjusted EPS was greater than outlook because of net tariff refunds, while underlying adjusted EPS was at the low end of guidance.
- Tariff Refunds Improved ProfitabilityThe company received $21 million in cash tariff refunds during the quarter, increasing the gross margin rate by 520 basis points, improving adjusted operating income by $15 million, and increasing EPS by $0.11. ACCO also received almost $5 million in additional tariff refunds during the following week, which were not included in the outlook.
- Adjusted Gross Profit and Operating Income IncreasedAdjusted gross profit increased 8% to $136 million, and adjusted gross margin expanded 290 basis points to 35.9%. Adjusted operating income increased to $48 million as tariff refunds and cost savings more than offset the impact of unfavorable product and customer mix and fixed-cost deleveraging from lower organic volumes.
- Strong Back-to-School PerformanceNorth America and Mexico delivered solid back-to-school results, with Mexico up almost 20% and the United States and Canada each up mid-single digits. All back-to-school brands grew, ACCO gained share in the note-taking category, and management described the season as exceptional. Retailer inventory positions exited the season essentially in line with expectations.
- Trust Acquisition Expanded Technology Peripherals PlatformACCO completed its acquisition of Trust on October 1. Trust generates approximately $100 million in annual revenue and broadens ACCO's computer and gaming accessories portfolio across Europe and Latin America through retail, e-commerce, and B2B channels. Pro forma Technology Peripherals sales will approach $500 million annually, or about 30% of future sales. The acquisition is expected to be modestly accretive to EPS in the first 12 months, with $5 million-$8 million of synergies expected within the first 18 months.
- Technology Peripherals Platform Gained Scale and Cross-Selling OpportunitiesThe combined Technology Peripherals portfolio now includes Kensington, EPOS, PowerA, and Trust, providing a broader range of computer and gaming accessories across B2B and consumer channels. Management cited opportunities for innovation, broader distribution, market share gains, and cross-selling. EPOS is being sold alongside Kensington in the United States and EMEA, and the company is already seeing early cross-selling wins.
- Learning & Creative StabilizedLearning & Creative represents approximately 30% of pro forma annualized sales. The category grew during the back-to-school season in North America and Mexico, with early improvement emerging in Brazil. Over the longer term, management expects the category to remain stable or grow modestly through innovation, market share gains, and pricing actions.
- Workspace Solutions Decline ModeratedWorkspace Solutions now represents approximately 40% of annualized pro forma sales, and its rate of decline moderated in 2026. The business was down low single digits globally, while some categories were up; Leitz was essentially flat year-to-date in Europe and stapling was roughly flat year-to-date globally. Management also cited growth signs in ergonomics, wellness, and lamination.
- Cost-Reduction Program Remained on TrackACCO remains on track to deliver its $100 million multi-year cost-reduction target. The program delivered more than $10 million of savings during the quarter and over $30 million year-to-date. Management said disciplined cost controls offset inflationary pressures, while adjusted SG&A increased only modestly to $89 million despite the addition of EPOS and higher incentive compensation.
- Cash Flow and Balance Sheet ImprovedYear-to-date free cash flow was $89 million, an increase of $63 million from the prior year, including the $21 million tariff-refund benefit; the remaining increase reflected improved working capital and disciplined spending. ACCO ended the quarter with $175 million of cash, approximately $254 million of available revolver capacity, and a consolidated leverage ratio of 3.6x versus a 4.25x debt covenant. The company returned $7 million to shareholders through dividends and used tariff refund proceeds to reduce debt.
- Full-Year Outlook Was RaisedACCO raised its 2026 full-year outlook to reported sales growth of 4%-6% and adjusted EPS of $0.98-$1.02, reflecting the tariff refunds and the Trust acquisition. The company expects free cash flow of approximately $100 million and a year-end consolidated leverage ratio of approximately 3.5x.
- International and Americas Operating Income ImprovedAmericas adjusted operating income increased to $38 million, with adjusted operating margin expanding 290 basis points to 17.3%, including the tariff-refund benefit. International adjusted operating income was $17 million with a 10.6% margin rate; both increased versus the prior year, driven by pricing and cost reductions.
- Supply Chain Positioned for Holiday DemandManagement said supply chain and commercial teams had aligned forecasts and that supplier work had placed ACCO in a good, better-than-competitive position regarding chip availability. The company does not anticipate supply issues through the next few quarters, even if demand increases.
DE:A3B Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 25, 2027 | 2026 (Q4) | 0.34- | 0.34 | ― | ― |
| Oct 29, 2026 | 2026 (Q3) | 0.170.25 | 0.19 | 33.33% (+0.06) | |
| Jul 30, 2026 | 2026 (Q2) | 0.240.26 | 0.25 | 3.57% (+0.01) | |
| Apr 30, 2026 | 2026 (Q1) | -0.050.02 | -0.02 | 200.00% (+0.04) | |
| Mar 09, 2026 | 2025 (Q4) | 0.340.34 | 0.35 | -2.56% (-0.01) | |
| Oct 30, 2025 | 2025 (Q3) | 0.200.19 | 0.21 | -8.70% (-0.02) | |
| Jul 31, 2025 | 2025 (Q2) | 0.260.25 | 0.33 | -24.32% (-0.08) | |
| May 01, 2025 | 2025 (Q1) | -0.04-0.02 | 0.03 | -166.67% (-0.04) | |
| Feb 20, 2025 | 2024 (Q4) | 0.370.35 | 0.35 | 0.00% (+0.00) | |
| Oct 31, 2024 | 2024 (Q3) | 0.210.21 | 0.22 | -4.17% (-0.01) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
