v3.26.1
Information on Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Operating Results for Operating Segments

The operating results regularly provided to the CODM for our operating segments for the three and six months ended June 30, 2026 and 2025 were as follows:

 

 

For The Three Months Ended June 30, 2026

 

 

For The Three Months Ended June 30, 2025

 

 

ACCO Brands
Americas

 

ACCO Brands
International

 

Total

 

 

ACCO Brands
Americas

 

ACCO Brands
International

 

Total

 

Net sales

$

262.9

 

$

152.2

 

$

415.1

 

 

$

248.5

 

$

146.3

 

$

394.8

 

Cost of products sold

 

171.2

 

 

109.8

 

 

281.0

 

 

 

166.4

 

 

98.7

 

 

265.1

 

Gross profit

 

91.7

 

 

42.4

 

 

134.1

 

 

 

82.1

 

 

47.6

 

 

129.7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing expenses(1)

 

23.7

 

 

28.7

 

 

52.4

 

 

 

25.8

 

 

24.4

 

 

50.2

 

Administrative expenses(2)

 

13.9

 

 

13.6

 

 

27.5

 

 

 

13.2

 

 

10.7

 

 

23.9

 

Restructuring

 

0.3

 

 

1.0

 

 

1.3

 

 

 

0.8

 

 

8.6

 

 

9.4

 

Gain on the disposal of assets

 

—

 

 

—

 

 

—

 

 

 

(5.7

)

 

(1.2

)

 

(6.9

)

All other(3)

 

7.4

 

 

3.9

 

 

11.3

 

 

 

7.3

 

 

4.3

 

 

11.6

 

Segment operating income (loss)

 

46.4

 

 

(4.8

)

 

41.6

 

 

 

40.7

 

 

0.8

 

 

41.5

 

Corporate expense

 

 

 

 

 

11.3

 

 

 

 

 

 

 

8.5

 

Total consolidated operating income

 

 

 

 

 

30.3

 

 

 

 

 

 

 

33.0

 

Interest expense, net

 

 

 

 

 

9.3

 

 

 

 

 

 

 

8.9

 

Non-operating pension (income) expense

 

 

 

 

 

(0.1

)

 

 

 

 

 

 

0.6

 

Bargain purchase gain

 

 

 

 

 

1.1

 

 

 

 

 

 

 

—

 

Other expense

 

 

 

 

 

0.3

 

 

 

 

 

 

 

0.8

 

Income before income tax

 

 

 

 

$

19.7

 

 

 

 

 

 

$

22.7

 

 

 

 

For The Six Months Ended June 30, 2026

 

 

For The Six Months Ended June 30, 2025

 

 

ACCO Brands
Americas

 

ACCO Brands International

 

Total

 

 

ACCO Brands
Americas

 

ACCO Brands International

 

Total

 

Net Sales

$

441.4

 

$

317.4

 

$

758.8

 

 

$

422.4

 

$

289.8

 

$

712.2

 

Cost of products sold

 

297.4

 

 

220.5

 

 

517.9

 

 

 

286.8

 

 

196.1

 

 

482.9

 

Gross profit

 

144.0

 

 

96.9

 

 

240.9

 

 

 

135.6

 

 

93.7

 

 

229.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sales and marketing expenses(1)

 

47.6

 

 

57.9

 

 

105.5

 

 

 

51.6

 

 

47.0

 

 

98.6

 

Administrative expenses(2)

 

29.6

 

 

27.8

 

 

57.4

 

 

 

30.9

 

 

24.6

 

 

55.5

 

Restructuring

 

2.5

 

 

5.5

 

 

8.0

 

 

 

2.6

 

 

9.1

 

 

11.7

 

Gain on the disposal of assets

 

—

 

 

—

 

 

—

 

 

 

(5.7

)

 

(1.2

)

 

(6.9

)

All other(3)

 

14.5

 

 

8.1

 

 

22.6

 

 

 

14.6

 

 

8.3

 

 

22.9

 

Segment operating income (loss)

 

49.8

 

 

(2.4

)

 

47.4

 

 

 

41.6

 

 

5.9

 

 

47.5

 

Corporate expense

 

 

 

 

 

27.5

 

 

 

 

 

 

 

21.2

 

Total consolidated operating income

 

 

 

 

 

19.9

 

 

 

 

 

 

 

26.3

 

Interest expense, net

 

 

 

 

 

18.6

 

 

 

 

 

 

 

17.8

 

Non-operating pension (income) expense

 

 

 

 

 

(0.2

)

 

 

 

 

 

 

1.1

 

Bargain purchase gain

 

 

 

 

 

(36.5

)

 

 

 

 

 

 

—

 

Other expense

 

 

 

 

 

3.4

 

 

 

 

 

 

 

1.2

 

Income before income tax

 

 

 

 

$

34.6

 

 

 

 

 

 

$

6.2

 

 

(1)
Sales and Marketing consists primarily of advertising, marketing, selling, customer service and research and development.
(2)
Administrative expense consists primarily of executive, finance, information technology and human resources expenses.
(3)
All other expense primarily consists of amortization of intangibles.
Reconciliation of Assets from Segment to Consolidated

The following table presents the measure of operating segment assets used by the Company's CODM as of June 30, 2026 and December 31, 2025:

 

(in millions)

 

June 30, 2026

 

 

December 31, 2025

 

ACCO Brands Americas

 

$

471.9

 

 

$

445.9

 

ACCO Brands International

 

 

229.9

 

 

 

202.9

 

Total segment assets(4)

 

 

701.8

 

 

 

648.8

 

Goodwill

 

 

469.3

 

 

 

478.5

 

Identifiable intangibles, net

 

 

674.9

 

 

 

696.9

 

Property, plant and equipment, net

 

 

136.6

 

 

 

138.8

 

Unallocated assets(5)

 

 

341.7

 

 

 

290.0

 

Total assets

 

$

2,324.3

 

 

$

2,253.0

 

 

(4)
Segment assets represent assets that are regularly provided to the CODM and consist of accounts receivable less allowances and inventory.
(5)
Unallocated assets consist primarily of cash, deferred taxes, derivatives, prepaid pension assets, prepaid debt issuances costs and right of use asset, leases.
Schedule of Property, Plant and Equipment, Net by Geographic Region

Property, plant, and equipment, net by operating segment as of June 30, 2026 and December 31, 2025:

 

(in millions)

 

June 30, 2026

 

 

December 31, 2025

 

U.S.

 

$

47.0

 

 

$

48.5

 

Canada

 

 

0.6

 

 

 

0.8

 

Latin America

 

 

24.6

 

 

 

24.2

 

ACCO Brands Americas

 

 

72.2

 

 

 

73.5

 

 

 

 

 

 

 

 

ACCO Brands EMEA

 

 

54.6

 

 

 

55.8

 

Australia/N.Z.

 

 

9.2

 

 

 

8.9

 

Asia-Pacific

 

 

0.6

 

 

 

0.6

 

ACCO Brands International

 

 

64.4

 

 

 

65.3

 

Property, plant and equipment, net

 

$

136.6

 

 

$

138.8

 
Schedule of Capital Spend and Depreciation Expense by Segment

Capital spend by operating segment as of June 30, 2026 and December 31, 2025:

 

(in millions)

 

June 30, 2026

 

 

December 31, 2025

 

ACCO Brands Americas

 

$

3.5

 

 

$

13.4

 

ACCO Brands International

 

 

4.0

 

 

 

6.1

 

Total capital spend

 

$

7.5

 

 

$

19.5

 

 

Depreciation expense by operating segment for the three and six months ended June 30, 2026 and 2025 was as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

(in millions)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

ACCO Brands Americas

 

$

3.0

 

 

$

4.2

 

 

$

6.0

 

 

$

8.7

 

ACCO Brands International

 

 

1.1

 

 

 

2.4

 

 

 

3.5

 

 

 

4.6

 

Total depreciation

 

$

4.1

 

 

$

6.6

 

 

$

9.5

 

 

$

13.3