ACCO BRANDS Corp
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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
| Year Ended December 31, | |||
|---|---|---|---|
| (in millions, except per share data) | 2024 | 2023 | 2022 |
| Net sales | $1,666.2 | $1,832.8 | $1,947.6 |
| Cost of products sold | 1,110.8 | 1,234.5 | 1,395.3 |
| Gross profit | 555.4 | 598.3 | 552.3 |
| Operating costs and expenses: | |||
| Selling, general and administrative expenses | 365.7 | 393.5 | 376.7 |
| Amortization of intangibles | 44.7 | 43.4 | 41.5 |
| Restructuring | 16.8 | 27.2 | 9.6 |
| Impairment of goodwill and intangible assets | 165.2 | 89.5 | 98.7 |
| Change in fair value of contingent consideration | — | — | (9.0) |
| Total operating costs and expenses | 592.4 | 553.6 | 517.5 |
| Operating (loss) income | (37.0) | 44.7 | 34.8 |
| Non-operating expense (income): | |||
| Interest expense | 52.6 | 58.6 | 45.6 |
| Interest income | (7.5) | (7.1) | (8.3) |
| Non-operating pension expense (income) | 6.1 | 1.8 | (4.5) |
| Other (income) expense, net | (0.9) | 4.5 | (12.9) |
| (Loss) income before income tax | (87.3) | (13.1) | 14.9 |
| Income tax expense | 14.3 | 8.7 | 28.1 |
| Net loss | $(101.6) | $(21.8) | $(13.2) |
| Per share: | |||
| Basic loss per share | $(1.06) | $(0.23) | $(0.14) |
| Diluted loss per share | $(1.06) | $(0.23) | $(0.14) |
| Weighted average number of shares outstanding: | |||
| Basic | 95.6 | 95.3 | 95.3 |
| Diluted | 95.6 | 95.3 | 95.3 |
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