ACCO BRANDS Corp
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
ACCO$5.35+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of (Loss) Income
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2023 | 2022 | 2021 |
| Net sales | $1,832.8 | $1,947.6 | $2,025.3 |
| Cost of products sold | 1,234.5 | 1,395.3 | 1,410.4 |
| Gross profit | 598.3 | 552.3 | 614.9 |
| Operating costs and expenses: | |||
| Selling, general and administrative expenses | 393.5 | 376.7 | 392.6 |
| Amortization of intangibles | 43.4 | 41.5 | 46.3 |
| Restructuring charges | 27.2 | 9.6 | 6.0 |
| Goodwill impairment | 89.5 | 98.7 | — |
| Change in fair value of contingent consideration | — | (9.0) | 19.0 |
| Total operating costs and expenses | 553.6 | 517.5 | 463.9 |
| Operating income | 44.7 | 34.8 | 151.0 |
| Non-operating expense (income): | |||
| Interest expense | 58.6 | 45.6 | 46.3 |
| Interest income | (7.1) | (8.3) | (1.9) |
| Non-operating pension expense (income) | 1.8 | (4.5) | (7.9) |
| Other expense (income), net | 4.5 | (12.9) | 3.1 |
| (Loss) income before income tax | (13.1) | 14.9 | 111.4 |
| Income tax expense | 8.7 | 28.1 | 9.5 |
| Net (loss) income | $(21.8) | $(13.2) | $101.9 |
| Per share: | |||
| Basic (loss) income per share | $(0.23) | $(0.14) | $1.07 |
| Diluted (loss) income per share | $(0.23) | $(0.14) | $1.05 |
| Weighted average number of shares outstanding: | |||
| Basic | 95.3 | 95.3 | 95.5 |
| Diluted | 95.3 | 95.3 | 97.1 |
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