ACCO Brands Reports Mixed 2025 Results, Eyes Tech Peripherals Growth
Event summary
- ACCO Brands reported $1.525 billion in full-year 2025 net sales, down 8.5% from 2024.
- Fourth-quarter net sales were $428.8 million, a 4.3% decline from 2024.
- The company completed the acquisition of EPOS, a premium audio solutions firm, to bolster its technology peripherals business.
- ACCO Brands expects 2026 sales to be flat to up 3.0%, with adjusted EPS between $0.84 and $0.89.
- Full-year adjusted operating income declined to $153.3 million from $189.7 million in 2024.
The big picture
ACCO Brands is pivoting towards higher-growth technology peripherals categories amid declining demand for traditional office supplies. The acquisition of EPOS aligns with this strategy, but the company faces challenges in integrating the new business and managing cost reductions to maintain profitability. The outlook for 2026 suggests cautious optimism, with expectations of modest revenue growth and improved cash flow.
What we're watching
- Market Repositioning
- How the EPOS acquisition will integrate into ACCO Brands' portfolio and drive growth in higher-margin technology categories.
- Cost Management
- Whether ACCO Brands can sustain its multi-year cost reduction program to offset declining sales in core product categories.
- Revenue Growth
- The pace at which ACCO Brands can achieve positive revenue growth in 2026, given current market conditions and foreign exchange impacts.
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