ACCO Brands Corp (NYSE: ACCO) is a consumer and business products company that designs, markets, sources, manufactures, and sells branded products used in schools, homes, and offices. Revenue comes from transactional product sales through retail and commercial channels across two geographic segments: Americas and International. Net sales were $1,524.7 million in FY2025, down 8.5% from $1,666.2 million in FY2024, with gross profit margin of 32.8% in FY2025. The Americas segment generated $894.4 million in net sales in FY2025. Sales are seasonal, with the second and third quarters strongest in the Americas due to the U.S. back-to-school season. The company carries meaningful interest expense ($36.4 million net in FY2025) and runs a debt-heavy capital structure. A multi-year restructuring program announced in January 2024 targets approximately $100 million in annualized pre-tax cost savings by end of 2026.
- Revenue model
- Transactional product sales to retail and commercial customers across the Americas and International segments. Pricing is set by product category and geography, with periodic price increases used to offset input cost inflation. A majority of net sales are transacted in currencies other than the U.S. dollar.
- Products and services
- Consumer, technology, and business branded products sold into school, home, and workplace end markets. Product designs are tailored by geographic region. Specific brand names are not detailed in the excerpts provided.
- Customers and end markets
- Customers include large traditional retailers and online retailers. End markets are schools, homes, and offices. Customers in some cases source competing products under private label brands. The U.S. back-to-school season is a material demand driver in the Americas segment.
- Value-chain role
- Brand owner and product marketer that outsources portions of product development and manufacturing to third-party suppliers. Also outsources certain administrative and financial functions including payroll processing, benefit plan administration, and accounts payable and receivable management. Supply chain optimization and global footprint rationalization are active priorities under the 2024 restructuring program.
- Geographic exposure
- Two segments: Americas and International. Primary currency exposures include the Euro, Swedish krona, British pound, Brazilian real, Australian dollar, Canadian dollar, and Mexican peso. A majority of net sales are transacted in currencies other than the U.S. dollar. The company settled Brazilian tax assessments under an amnesty program in June 2025.
Source: SEC 10-K, filed 2026-03-09
Industry:
Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work
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