ACCO BRANDS Corp Files Q3 2024 10-Q
Ticker: ACCO · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 712034
Sentiment: neutral
Topics: 10-Q, quarterly-report, financials
TL;DR
ACCO BRANDS Q3 2024 10-Q is in. Check financials.
AI Summary
ACCO BRANDS Corp filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key financial figures and segment information are presented, reflecting the company's ongoing business activities and strategic positioning.
Why It Matters
This filing provides investors with the latest financial health and operational performance of ACCO BRANDS Corp, crucial for understanding its current market standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.
Key Players & Entities
- ACCO BRANDS Corp (company) — Filer of the 10-Q
- 2024-09-30 (date) — End of the reporting period
- 2024-11-01 (date) — Filing date
- LAKE ZURICH, IL (location) — Company headquarters and mailing address
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on November 1, 2024.
What is the company's primary business address?
The company's business address is Four Corporate Drive, Lake Zurich, IL 60047.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the SEC file number for ACCO BRANDS Corp?
The SEC file number for ACCO BRANDS Corp is 001-08454.
Filing Stats: 4,675 words · 19 min read · ~16 pages · Grade level 6.3 · Accepted 2024-11-01 12:03:13
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share ACCO NYSE Indicate by c
Filing Documents
- acco-20240930.htm (10-Q) — 2736KB
- acco-ex31_1.htm (EX-31.1) — 14KB
- acco-ex31_2.htm (EX-31.2) — 14KB
- acco-ex32_1.htm (EX-32.1) — 8KB
- acco-ex32_2.htm (EX-32.2) — 8KB
- 0000950170-24-119895.txt ( ) — 11827KB
- acco-20240930.xsd (EX-101.SCH) — 1469KB
- acco-20240930_htm.xml (XML) — 2546KB
— FINANCIAL INFORMATION
PART I — FINANCIAL INFORMATION 4
Financial Statements
Item 1. Financial Statements 4 Condensed Consolidated Balance Sheets 4 Consolidated Statements of Income (Loss) 5 Consolidated Statements of Comprehensive Income (Loss) 6 Condensed Consolidated Statements of Cash Flows 7 Consolidated Statement of Stockholders' Equity 8 Notes to Condensed Consolidated Financial Statements 10
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 30
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 37
Controls and Procedures
Item 4. Controls and Procedures 37
— OTHER INFORMATION
PART II — OTHER INFORMATION 38
Legal Proceedings
Item 1. Legal Proceedings 38
Risk Factors
Item 1A. Risk Factors 38
Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38
Defaults Upon Senior Securities
Item 3. Defaults Upon Senior Securities 39
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 39
Other Information
Item 5. Other Information 39
Exhibits
Item 6. Exhibits 39
— FINANCIAL INF ORMATION
PART I — FINANCIAL INF ORMATION
FINANCI AL STATEMENTS
ITEM 1. FINANCI AL STATEMENTS ACCO Brands Corporation and Subsidiaries Condensed Consolidated Balance Sheets September 30, 2024 December 31, 2023 (in millions) (unaudited) Assets Current assets: Cash and cash equivalents $ 102.0 $ 66.4 Accounts receivable, net 325.7 430.7 Inventories 324.8 327.5 Other current assets 41.5 30.8 Total current assets 794.0 855.4 Total property, plant and equipment 577.6 599.6 Less: accumulated depreciation ( 423.9 ) ( 429.5 ) Property, plant and equipment, net 153.7 170.1 Right of use asset, leases 86.3 91.0 Deferred income taxes 102.7 104.7 Goodwill 459.0 590.0 Identifiable intangibles, net 740.9 815.7 Other non-current assets 20.9 17.9 Total assets $ 2,357.5 $ 2,644.8 Liabilities and Stockholders' Equity Current liabilities: Notes payable $ 7.9 $ 0.2 Current portion of long-term debt 51.3 36.5 Accounts payable 182.4 183.7 Accrued compensation 42.4 53.3 Accrued customer program liabilities 77.4 104.0 Lease liabilities 22.3 20.5 Other current liabilities 114.0 143.8 Total current liabilities 497.7 542.0 Long-term debt, net 849.8 882.2 Long-term lease liabilities 71.3 76.8 Deferred income taxes 118.1 125.6 Pension and post-retirement benefit obligations 143.9 157.6 Other non-current liabilities 61.2 73.6 Total liabilities 1,742.0 1,857.8 Stockholders' equity: Common stock 1.0 1.0 Treasury stock ( 47.0 ) ( 45.1 ) Paid-in capital 1,911.1 1,913.4 Accumulated other comprehensive loss ( 548.9 ) ( 526.3 ) Accumulated deficit ( 700.7 ) ( 556.0 ) Total stockholders' equity 615.5 787.0 Total liabilities and stockholders' equity $ 2,357.5 $ 2,644.8 See Notes to Condensed Consolidated Financial Statements (Unaudited). 4 ACCO Brands Corporation and Subsidiaries Consolidated Statemen