附錄99.1

資訊發佈

acco brands公佈第三季度業績

透過一個歷時數年的成本節省計劃

2024年10月31日，伊利諾州薩默特湖鎮 - acco brands 公司（紐交所：ACCO）今日公布了截至2024年9月30日的第三季度和九個月的財務業績。

accobrands的總裁兼首席執行官湯姆·特德福表示：“我們很高興地報告，第三季度的業績符合我們的預期，在第三季度的整體銷售趨勢較年初有所改善。我們在成本削減和製造行業方面持續取得進展，這使我們能夠再度交出一季度改善的毛利率和現金流。我們強勁的現金流使我們能夠減少債務並通過分紅和股份回購向股東返本。我們以比去年同期更低的槓桿率結束了這一季度，並成功地 refinanced我們的信貸設施。直到2029年，我們將不再有重大債務到期。

在我們不斷改善創新和新產品開發流程、擴展新的分銷點，並將我們的產品供應擴展至相鄰類別的過程中，我們正在推進我們的策略。 此外，鑑於我們改善的資產負債表和強勁的現金流，我們有能力考慮潛在的收購。 在Tedford先生的結論中指出，這些舉措和我們的6000萬美元跨年度成本削減計劃一起，正在加強我們的競爭優勢。

Third Quarter Results

凈銷售額為42090萬美元，較2023年的44800萬美元下降了6.0%。 不利的匯率期貨導致銷售額減少440萬美元，或1.0%。 可比銷售額下降5.0%。 报告和可比銷售額的下降反映了我們的拉丁美洲和北美地區客戶在返校季購買力較弱。 此外，全球部分與辦公室相關產品的需求較弱。 北美地區低毛利業務的退出佔下降約2.0%。 這些下降部分被科技配件類别的增長所抵消。

營業收入為2630萬美元，較2023年的營業收入3220萬美元下降。重組支出為670萬美元，較前一年的300萬美元增加。調整後的營業收入為4470萬美元，較2023年的4600萬美元下降。報告和調整後的營業收入下降反映了較低的銷售量，部分被成本降低與較低的獎勵補償支出抵消。

凈利潤為930萬美元，每股0.09美元，較2023年的1490萬美元或每股0.15美元的去年凈利潤有所下降。調整後的凈利潤為2250萬美元，較2023年的2310萬美元有所下降，調整後的每股盈利為0.23美元，較去年每股盈利的0.24美元有所下降。

業務部門結果

acco brands美洲 – 第三季度業務淨銷售額為25910萬美元，較去年的28440萬美元下降8.9％。 不利的匯率期貨主要在巴西和墨西哥使銷售額下降2.3％。 可比銷售額為26550萬美元，較去年同期下降6.6％。 公告和可比銷售額的下降歸因於拉丁美洲需求趨勢的趨緩以及北美學用產品的補貨需求下降。 低邊際業務的退出約佔下降的3.0％。 這些下降部分被科技配件類別的增長抵銷。

第三季度營運收入為2590萬美元，去年同期為3380萬美元。重組開支為2024年的340萬美元。調整後的營運收入為3670萬美元，較上一年的4000萬美元下降。報告和調整後的營運收入下降反映了較低的銷售成交量，部分抵消了成本削減措施和較低的激勵補償開支。

acco brands國際 – 第三季度分部淨銷售額為16180萬美元，比去年的16360萬美元減少了1.1%。有利的匯率期貨使銷售額增加了1.2%。可比銷售額為15980萬美元，較去年同期下降了2.3%。兩者報告

可比銷售下降反映了某些辦公用品需求減少，部分抵消了科技配件類別的增長和價格上漲的好處。

第三季度營運收入為950萬美元，較去年的940萬美元增加，調整後營運收入為1710萬美元，較去年的1700萬美元增加。此改善反映出成本降低措施的效益抵銷了較低的銷售成交量帶來的影響。

九個月的結果

淨銷售額為121810萬美元，較2023年的134420萬美元下降了9.4％。逆匯率期貨使銷售額減少了740萬美元，或0.6％。可比銷售額下降了8.8％。報告的可比銷售額下降反映了全球消費和業務對某些產品類別的需求轉弱，以及我們退出北美低毛利業務，約占下降量的3.0％。

2023年，營運虧損為7900萬美元，相對於前一年的營運收入9750萬美元，主要是由於與美洲業務節段有關的16520萬美元的非現金減值費用。調整後的營運收入為12550萬美元，低於2023年的13650萬美元。報告和調整後的營運收入（虧損）下降反映出銷售量下降，部分抵銷改善的產品組合、降低成本措施和更低的激勵酬金費用。

凈利潤為12220萬美元虧損，每股虧損為1.27美元，較2023年的每股凈利潤3760萬美元，或每股0.39美元相比有所下降，主要原因是與商譽和無形資產相關的16520萬美元的非現金減值費用以及離散性稅項項目的變化。調整後的凈利潤為6170萬美元，較2023年的6810萬美元有所下降，調整後每股收益為0.63美元，較2023年的每股0.70美元有所下降。

資本配置

截至今年至今，公司將其營運現金流提高至9,550萬美元，而前一年的現金流為7,070萬美元，主要受到營運資本管理的推動。截至2024年9月30日，公司的綜合槓桿比率為3.5倍，低於前一年第三季末的3.8倍。

在第三季度，公司以1250萬美元回購了240萬股。

acco brands宣布，其董事會宣布每股正常季度現金股息為0.075美元。 該股息將於2024年12月11日支付給截至2024年11月15日收盤時的股東。 根據當前股價，我們的股東將以約6％的年率基準收到投資的股息。

Bank Refinancing

Effective October 30, 2024, the Company extended the maturity of its credit facilities to 2029.

Full Year 2024 Outlook

The Company is reaffirming its full year 2024 outlook. For the full year, the Company expects reported sales to be down in the range of 8.0% to 9.0%. Full year adjusted EPS is expected to be within a range of $1.04 to $1.09. The Company expects 2024 free cash flow of approximately $130 million with a consolidated leverage ratio decreasing to approximately 3.2x at year-end.

"As we approach year-end and look ahead to next year, our cost reduction actions should allow us the ability to maintain our solid margins, contain expenses and generate strong cash flow. I remain confident in our team's ability to continue to successfully execute on our $60 million multi-year cost reduction program. The progress we have made reducing debt will enable us to invest in the future," concluded Mr. Tedford.

Webcast

At 8:30 a.m. ET on November 1, 2024, ACCO Brands Corporation will host a conference call to discuss the Company's third quarter 2024 results. The call will be broadcast live via webcast. The webcast can be accessed through the Investor Relations section of www.accobrands.com. The webcast will be in listen-only mode and will be available for replay following the event.

About ACCO Brands Corporation

ACCO Brands, the Home of Great Brands Built by Great People, designs, manufactures and markets consumer and end-user products that help people work, learn, and play. Our widely recognized brands include AT-A-GLANCE®, Five Star®, Kensington®, Leitz®, Mead®, PowerA®, Swingline®, Tilibra® and many others. More information about ACCO Brands Corporation (NYSE: ACCO) can be found at www.accobrands.com.

Non-GAAP Financial Measures

In addition to financial results reported in accordance with generally accepted accounting principles (GAAP), we have provided certain non-GAAP financial information in this earnings release to aid investors in understanding the Company's performance. Each non-GAAP financial measure is defined and reconciled to its most directly comparable GAAP financial measure in the "About Non-GAAP Financial Measures" section of this earnings release.

Forward-Looking Statements

Statements contained herein, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, strategies, business operations and similar matters, results of operations, liquidity and financial condition, and those relating to cost reductions and anticipated pre-tax savings and restructuring costs are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management based on information available to us at the time such statements are made. These statements, which are generally identifiable by the use of the words "will," "believe," "expect," "intend," "anticipate," "estimate," "forecast," "project," "plan," and similar expressions, are subject to certain risks and uncertainties, are made as of the date hereof, and we undertake no duty or obligation to update them. Forward-looking statements are subject to the occurrence of events outside the Company's control and actual results and the timing of events may differ materially from those suggested or implied by such forward-looking statements due to numerous factors that involve substantial known and unknown risks and uncertainties. Investors and others are cautioned not to place undue reliance on forward-looking statements when deciding whether to buy, sell or hold the Company’s securities.

Our outlook is based on certain assumptions which we believe to be reasonable under the circumstances. These include, without limitation, assumptions regarding the impact of inflation and global geopolitical and economic uncertainties and fluctuations in foreign currency exchange rates; and the other factors described below.

Among the factors that could cause our actual results to differ materially from our forward-looking statements are: a limited number of large customers account for a significant percentage of our sales; sales of our products are affected by general economic and business conditions globally and in the countries in which we operate; risks associated with foreign currency exchange rate fluctuations; challenges related to the highly competitive business environment in which we operate; our ability to develop and market innovative products that meet consumer demands and to expand into new and adjacent product categories that are experiencing higher growth rates; the long-term impacts of the COVID-19 pandemic; our ability to successfully expand our business in emerging markets and the exposure to greater financial, operational, regulatory, compliance and other risks in such markets; the continued decline in the use of certain of our products; risks associated with seasonality, the sufficiency of investment returns on pension assets, risks related to actuarial assumptions, changes in government regulations and changes in the unfunded liabilities of a multi-employer pension plan; any impairment of our intangible assets; our ability to secure, protect and maintain our intellectual property rights, and our ability to license rights from major gaming console makers and video game publishers to support our gaming accessories business; our ability to successfully execute our multi-year restructuring and cost savings program and realize the anticipated benefits; continued disruptions in the global supply chain; risks associated with inflation and other changes in the cost or availability

of raw materials, transportation, labor, and other necessary supplies and services and the cost of finished goods; risks associated with outsourcing production of certain of our products, information technology systems and other administrative functions; the failure, inadequacy or interruption of our information technology systems or its supporting infrastructure; risks associated with a cybersecurity incident or information security breach, including that related to a disclosure of personally identifiable information; our ability to grow profitably through acquisitions, and successfully integrate them; risks associated with our indebtedness, including limitations imposed by restrictive covenants, our debt service obligations, and our ability to comply with financial ratios and tests; a change in or discontinuance of our stock repurchase program or the payment of dividends; product liability claims, recalls or regulatory actions; the impact of litigation or other legal proceedings; the impact of additional tax liabilities stemming from our global operations and changes in tax laws, regulations and tax rates; our failure to comply with applicable laws, rules and regulations and self-regulatory requirements, the costs of compliance and the impact of changes in such laws; our ability to attract and retain qualified personnel; the volatility of our stock price; risks associated with circumstances outside our control, including those caused by telecommunication failures, labor strikes, power and/or water shortages, public health crises, such as the occurrence of contagious diseases, severe weather events, war, terrorism and other geopolitical incidents; and other risks and uncertainties described in "Part I, Item 1A. Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, and in other reports we file with the Securities and Exchange Commission.

For further information:

ACCO Brands Corporation and Subsidiaries

Condensed Consolidated Balance Sheets

ACCO Brands Corporation and Subsidiaries

Consolidated Statements of Income (Loss) (Unaudited)

ACCO Brands Corporation and Subsidiaries

Condensed Consolidated Statements of Cash Flows (Unaudited)

About Non-GAAP Financial Measures

We explain below how we calculate each of our non-GAAP financial measures. This is followed by a reconciliation of our current period and historical non-GAAP financial measures to the most directly comparable GAAP financial measures.

We use our non-GAAP financial measures both to explain our results to stockholders and the investment community and in the internal evaluation and management of our business. We believe our non-GAAP financial measures provide management and investors with a more complete understanding of our underlying operational results and trends, facilitate meaningful period-to-period comparisons and enhance an overall understanding of our past and future financial performance.

Our non-GAAP financial measures exclude certain items that may have a material impact upon our reported financial results such as restructuring charges, the impact of foreign currency exchange rate fluctuations, unusual tax items, goodwill and indefinite lived trade name impairments and charges, and other non-recurring items that we consider to be outside of our core operations. On an interim basis, we also calculate adjusted income tax expense using our estimated annual income tax rate. These measures should not be considered in isolation or as a substitute for, or superior to, the directly comparable GAAP financial measures and should be read in connection with the Company’s financial statements presented in accordance with GAAP.

Our non-GAAP financial measures include the following:

Comparable Sales: Represents net sales excluding the impact of material acquisitions, if any, with current-period foreign operation sales translated at prior-year currency rates. We believe comparable sales are useful to investors and management because they reflect underlying sales and sales trends without the effect of material acquisitions and fluctuations in foreign exchange rates and facilitate meaningful period-to-period comparisons. We sometimes refer to comparable sales as comparable net sales.

Adjusted Operating Income (Loss)/Adjusted Income (Loss) Before Taxes/Adjusted Net Income (Loss)/Adjusted Net Income (Loss) Per Diluted Share: Represents operating income (loss), income (loss) before taxes, net income (loss), and net income (loss) per diluted share excluding restructuring and goodwill and indefinite lived trade name impairment charges, the amortization of intangibles, non-recurring items, other income/expense, adjustments to reflect the estimated annual tax rate and discrete income tax adjustments, including income tax related to the foregoing. We believe these adjusted non-GAAP financial measures are useful to investors and management because they reflect our underlying operating performance before items that we consider to be outside our core operations and facilitate meaningful period-to-period comparisons. Senior management’s incentive compensation is derived, in part, using adjusted operating income and adjusted net income per diluted share, which is derived from adjusted net income. We sometimes refer to adjusted net income per diluted share as adjusted earnings per share or adjusted EPS.

Adjusted Income Tax Expense (Benefit): Represents income tax expense (benefit) calculated using the estimated annual income tax rate and excludes the tax effect of the items that have been excluded from adjusted income (loss) before taxes, unusual income tax items such as the impact of tax audits and changes in laws, and other discrete tax items. We believe our adjusted income tax expense (benefit) is useful to investors because it reflects our income tax calculated using the estimated annual tax rate before discrete items that we consider to be outside our core operations and facilitates meaningful period-to-period comparisons.

Adjusted EBITDA: Represents net income excluding the effects of depreciation, stock-based compensation expense, amortization of intangibles, interest expense, net, other (income) expense, net, and income tax expense, restructuring and goodwill and indefinite lived trade name impairment charges, and other non-recurring items. We believe adjusted EBITDA is useful to investors because it reflects our underlying cash profitability and adjusts for certain non-cash charges and other items that we consider to be outside our core operations and facilitates meaningful period-to-period comparisons. In addition, this calculation of adjusted EBITDA is used in our loan agreement to calculate our leverage ratio covenant.

Free Cash Flow: Free cash flow represents cash flow from operating activities less cash used for additions to property, plant and equipment. We believe free cash flow is useful to investors because it measures our available cash flow for paying dividends, reducing debt, repurchasing shares and funding acquisitions.

Consolidated Leverage Ratio: Represents balance sheet debt plus unamortized debt origination costs and less any cash and cash equivalents divided by adjusted EBITDA.

We also provide forward-looking non-GAAP comparable sales, adjusted earnings per share, free cash flow, adjusted EBITDA and historical and forward-looking consolidated leverage ratio. We do not provide a reconciliation of these forward-looking and historical non-GAAP measures to GAAP because the GAAP financial measure is not currently available and management cannot reliably predict all the necessary components of such non-GAAP measures without unreasonable effort or expense due to the inherent difficulty of forecasting and quantifying certain amounts that are necessary for such a reconciliation, including adjustments that could be made for restructuring, integration and acquisition-related expenses, the variability of our tax rate and the impact of foreign currency fluctuation and material acquisitions, and other charges reflected in our historical results. The probable significance of each of these items is high and, based on historical experience, could be material.

ACCO Brands Corporation and Subsidiaries

Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited)

(In millions, except per share data)

The following tables set forth a reconciliation of certain Consolidated Statements of Income (Loss) information reported in accordance with GAAP to Adjusted Non-GAAP Information for the three months ended September 30, 2024 and 2023.

ACCO Brands Corporation and Subsidiaries

Reconciliation of GAAP to Adjusted Non-GAAP Information (Unaudited)

(In millions, except per share data)

The following tables set forth a reconciliation of certain Consolidated Statements of Income (Loss) information reported in accordance with GAAP to Adjusted Non-GAAP Information for the nine months ended September 30, 2024 and 2023.

Notes to Reconciliations of GAAP to Adjusted Non-GAAP Information and Net Loss to Adjusted EBITDA (Unaudited)

ACCO Brands Corporation and Subsidiaries

Reconciliation of Net (Loss) Income to Adjusted EBITDA (Unaudited)

(In millions)

The following table sets forth a reconciliation of net loss reported in accordance with GAAP to Adjusted EBITDA.