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Acco Brands (ACCO) Q1 FY2022 earnings: revenue $442 million, up 7.6% on the year

Acco Brands Corp. (ACCO) reported revenue of $442 million for Q1 FY2022, the quarter ended 31 March 2022, up 7.6% on the same quarter a year earlier as this quarter's filing gives it. Net income was -$3 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-Q it filed with the SEC on 27 April 2022.

Revenue$442 millionup 7.6% on the year
Net income-$3 million
Diluted EPS$-0.03
QuarterQ1 FY2022ended 31 March 2022

The quarter, against the one before and a year earlier

LineQ1 FY2022Q4 FY2021A year earlierChange on the year
Revenue442570n/an/a
Cost of revenue322392n/an/a
Gross profit120178n/an/a
Gross margin27.1%31.2%n/a
Selling, general and administrative98.899.1n/an/a
Operating income6.863.6n/an/a
Operating margin1.5%11.2%n/a
Interest expense9.710.3n/an/a
Pre-tax income-1.057.2n/an/a
Income tax1.73.7n/an/a
Effective tax raten/a6.5%n/a
Net income-2.753.5n/an/a
Net margin-0.6%9.4%n/a
Diluted EPS-$0.03$0.55n/an/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ1 FY2022Q4 FY2021A year earlierChange on the year
Operating cash flow-104116n/an/a
Capital expenditure3.47.3n/an/a
Free cash flow-108108n/an/a
Free cash flow margin-24.4%19.0%n/a
Cash from investing-3.4-7.3n/an/a
Cash from financing154-125n/an/a
Depreciation and amortisation21.021.1n/an/a
Share-based compensation4.93.0n/an/a
Buybacksn/a0.0n/an/a
Dividends paid7.37.2n/an/a
Dividend per share$0.07n/an/an/a
Diluted shares, weighted96m97mn/an/a
Shares outstanding at period end97m96mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ1 FY2022Q4 FY2021A year earlierChange on the year
Shareholders' equity882865n/an/a
Debt1,1631,007n/an/a
Operating lease liabilities88.489.0n/an/a
Other liabilities9671,131n/an/a
Total liabilities and equity3,1003,091n/an/a
Fixed assets211215n/an/a
Goodwill799802n/an/a
Intangible assets896902n/an/a
Cash and equivalents91.341.2n/an/a
Receivables342416n/an/a
Inventory471428n/an/a
Other assets290287n/an/a
Total assets3,1003,091n/an/a

Questions

What was Acco Brands' revenue in Q1 FY2022?

Acco Brands (ACCO) reported revenue of $442 million for Q1 FY2022, the quarter ended 31 March 2022, up 7.6% on the same quarter a year earlier as the company restated it.

How much did Acco Brands earn in Q1 FY2022?

Net loss for Q1 FY2022 was $3 million, and the diluted loss per share $0.03.

When did Acco Brands report Q1 FY2022 results?

Acco Brands filed its 10-Q for the quarter ended 31 March 2022 with the SEC on 27 April 2022.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue570442521486499403494448489359438421448317395384429344415380
Cost of revenue392322371348354283329303319248286284293218265257285237281244
Gross profit17812015013714511916414517011015313715699.6130127144107134136
Gross margin31%27%29%28%29%30%33%32%35%31%35%33%35%31%33%33%34%31%32%36%
SG&A99.198.891.693.992.495.098.098.810294.288.092.291.392.782.687.484.099.191.293.7
Operating income63.66.855.4-63.035.610.155.232.2-52.85.9-11126.342.0-6.733.026.040.0-10.430.330.3
Operating margin11%2%11%-13%7%3%11%7%-11%2%-25%6%9%-2%8%7%9%-3%7%8%
Interest expense10.39.710.812.113.013.915.515.613.613.313.813.711.810.811.912.510.610.812.011.9
Pre-tax income57.2-1.051.8-64.628.7-3.342.021.6-73.4-5.3-12713.831.6-16.522.714.728.214.919.716.6
Tax rate6%n/a24%n/a34%n/a37%31%n/an/an/a33%35%n/a-29%73%24%-30%28%31%
Net income53.5-2.739.4-68.718.8-3.726.414.9-59.4-6.3-1259.320.6-13.229.24.021.319.414.111.5
Net margin9%-1%8%-14%4%-1%5%3%-12%-2%-29%2%5%-4%7%1%5%6%3%3%
Diluted EPS$0.55-$0.03$0.40-$0.73$0.20-$0.04$0.27$0.15-$0.62-$0.07-$1.29$0.09$0.21-$0.14$0.31$0.04$0.23$0.20$0.15$0.12
Operating cash flow116-1046.388.387.2-23.2-16.111058.028.2-25.692.952.75.5-38.971.530.63.5-35.3131
Capital expenditure7.33.43.64.85.9n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow108-1082.783.581.3n/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a
Buybacks0.0n/an/a0.0n/an/an/a0.0n/a0.00.012.52.515.00.10.00.00.00.00.0
Dividends paid7.27.37.17.17.10.014.27.27.17.27.17.26.96.86.76.86.76.96.97.0
Shares outstanding96m97m94m94m94m95m95m95m95m96m96m93m93m90m90m90m90m92m92m92m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 31 March 2022, filed 27 April 2022: the filing.