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ACCO Brands (ACCO) - Repositioning Ongoing - Channelchek
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ACCO Brands (ACCO) - Repositioning Ongoing - Channelchek
Thoughts on the Quarter. We view the quarter as evidence of progress in cash generation and portfolio repositioning, with an organic earnings recovery still to be demonstrated. Cost actions, school brand performance, and International margin improvement support the operating base. However, acquisitions and currency continue to offset declining comparable sales, and tariff recoveries explain more than the entire quarterly increase in adjusted ope…
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