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Actionable news in ACCO: ACCO BRANDS CORPORATION,

Dear Acco Brands Shareholder

The following excerpt is from the company's SEC filing.

I am pleased to report that, in fiscal year 2015, ACCO Brands Corporation delivered strong financial performance, despite customer consolidation, adverse currency pressures and an otherwise challenging international economy. We grew market share in the mass and e-tail channels, increased our operating margins, improved underlying earnings per share before the negative effects of currency translation, generated significant free cash flow, continued our share repurchase program and further reduced our leverage.

Net sales decreased 11% to $1.51 billion compared to $1.69 billion in the prior-year period. The dec line was largely due to a $124 million reduction from foreign currency translation. On a constant currency basis, sales decreased 3% largely due to declines with one consolidating customer and lower sales in Brazil. Net income was $85.9 million, or $0.78 per share...


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