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Acco Brands, Inc.
TickerABD

www.acco.com

300 Tower Parkway
Lincolnshire, IL  60069
USA
Phone800.989.4923
Fax800.247.1317

Company Information
Company Information
IndustryOffice Equipment and Supplies
  
# of Employees6846
  
OwnershipPublic Company
  
  
Company Security Requirements2. High
  
Company Storage Requirements2. High
  
Fortune 1000 Rank871
Description
ACCO World manufactures and markets office products to customers around the world. Our vision is to be a sought-after company, delivering exceptional value to our investors, our customers, our suppliers, and our people. At ACCO World, business leaders need to create simple, reality based, customer focused, actionable plans and communicate them straightforwardly to all constituencies. We can only achieve sought-after status through the strengths of our people, their ability to execute and their commitment to a core set of operating principles. Focus, Simplicity and Agility."


Top Executives
Executive NameTitle
Campbell, DavidChairman Of The Board, President, Chief Executive Officer
Chandler, DennisChief Operating Officer - Office Products Group
Elisman, BorisPresident - Computer Products Group
Fenwick, NealChief Financial Officer, Executive Vice President
Kaput, DavidSenior Vice President, Chief Human Resource Officer
Kirchhoff, KrissPresident - Global Document Finishing Group
Turner, JohnPresident - Commercial Laminating Solutions Group
      
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Recent Company Events
DateType of EventDetails
2008-02-13Earnings/DividendsLINCOLNSHIRE, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE:ABD):

Reported operating income up 12% for full year; adjusted operating income up 27% Adjusted EBITDA of $220 million in line with guidance EPS of $(0.01), adjusted EPS $1.37, a 37% increase for full year ACCO Brands Corporation (NYSE:ABD), a world leader in select categories of branded office products, today reported its fourth quarter and full year results for the period ending December 31, 2007.

Full year 2007 diluted net loss was $0.7 million, or $0.01 per share, compared to net income of $7.2 million, or $0.13 per share, in the prior year. Excluding charges, adjusted earnings were $1.37 per share, up 37% from $1.00 per share in 2006. Adjusted supplemental EBITDA increased 11% to $219.9 million, compared to $197.4 million in the prior year. For the full year, net sales declined 1%. Adjusting for currency and the exit of non-strategic business, sales declined 1%. The decrease was due to lost product placements, lower consumer demand, and volume declines due to customer inventory adjustments.

2007 marked a year of significant improvements, with adjusted operating income growing 27%, said David D. Campbell, chairman and chief executive officer. This strong bottom-line improvement was achieved despite lower sales volumes and declining profit in our commercial laminating business. Our Office Products segment led the way, boosting its profit by 36%. These results demonstrate that our price increases and merger integration synergies are having a significant impact on our bottom line.

We have recently closed our two maquiladora factories in Mexico, eliminated duplicate infrastructure in Europe, and begun operations at our new distribution center in Mississippi, Campbell continued. ACCO Brands is on target to realize $40 million in merger integration synergies by the end of 2008 and an additional $20 million by year-end 2009, in line with our original commitments, and on time.

We exited 2007 as a much stronger company, poised to achieve long-term future top- and bottom-line growth, he concluded.

During the quarter, the company engaged BMO Capital Markets to assist in the completion of a strategic review of its Commercial Laminating Solutions business, which includes a possible sale.

Fourth Quarter Results

Fourth quarter net sales increased 3%, to $533.4 million from $520.6 million. Adjusting for the exit of non-strategic business and currency, sales decreased 1%. The company reported a fourth quarter net loss of $14.1 million, or $0.26 per diluted share, compared to a net loss of $1.0 million, or $0.02 per diluted share, in the prior-year quarter. The fourth quarter results include restructuring and non-recurring after-tax costs totaling $15.2 million ($19.0 million pre-tax), or $0.28 per diluted share, and a non-cash goodwill impairment charge of $35.1 million, or $0.64 per share, related to the commercial laminating business. Excluding charges, and the goodwill impairment charge, adjusted net income increased 33% to $36.2 million, or $0.66 per diluted share, compared to $27.3 million, or $0.50 per share, in the prior-year quarter.

Results of Business Segments

Effective January 1, 2007, the company realigned and reclassified certain business segments. All prior-year business segment information presented in this news release has been restated to reflect the new segment structure. (Refer to the companys report on Form 8-K furnished to the Securities and Exchange Commission on March 28, 2007 for additional information and restated 2006 and 2005 quarterly segment results under the new segment structure.)

Office Products Group

Office Products net sales increased 1% in the fourth quarter to $251.8 million, from $248.4 million. Adjusting for the exit of non-strategic business and currency, Office Products sales declined 1%, due to lower sales demand in the U.S., as well as lost product placements.

Office Products repor
2008-01-15Earnings/DividendsLINCOLNSHIRE, Ill.--(BUSINESS WIRE)--ACCO Brands Corporation (NYSE: ABD) will release fiscal 2007 financial results at approximately 7:00 a.m. Eastern Time on Wednesday, February 13, 2008.

At 8:30 a.m. Eastern Time the Company will host a conference call to discuss the 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 for one month following the event.

ACCO Brands Corporation is a world leader in select categories of branded office products, with annual revenues of nearly $2 billion. Its industry-leading brands include Day-Timer, Swingline, Kensington, Quartet, NOBO, GBC, Rexel, and Wilson Jones, among others. Under the GBC brand, the company is also a leader in the professional print finishing market.



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