ACCO Brands Corporation (NYSE:ACCO) Q2 2023 Results Conference Call August 9, 2023 8:30 AM ET

Company Participants

Chris McGinnis - SD, IR

Boris Elisman - Chairman, CEO

Tom Tedford - President, COO

Deb O'Connor - EVP, CFO

Conference Call Participants

Greg Burns - Sidoti

Kevin Steinke - Barrington Research

Hamed Khorsand - BWS Financial

Hale Holden - Barclays

Joshua Zoepfel - Noble Capital Markets

Operator

Hello everyone, and welcome to the ACCO Brands Second Quarter 2023 Earnings Conference Call. My name is Emily and I will be coordinating your call today. [Operator Instructions].

I will now turn the call over to our host, Chris McGinnis, Senior Director of Investor Relations at ACCO Brands Corporation. Please go ahead.

Chris McGinnis

Good morning, and welcome to the ACCO Brands' second quarter 2023 conference call. This is Chris McGinnis, Senior Director of Investor Relations. Speaking on the call today are Boris Elisman, Chairman and Chief Executive Officer of ACCO Brands Corporation, who'll provide an overview of our second quarter results and an update on our 2023 priorities; Tom Tedford, President and Chief Operating Officer, who'll discuss the back-to-school season, new product innovation, and provide an update on cost savings initiatives and our daily 2022 ESG report; follow on Deb O'Connor, Executive Vice President and Chief Financial Officer, who'll provide greater detail on our second quarter results and the outlook for the third quarter and full-year. We'll then open up the line for questions.

Slides that accompany this call have been posted to the Investor Relations section of accobrands.com. When speaking about our results, we may refer to adjusted results. Adjusted results exclude transaction, integration, amortization and restructuring costs, a non-cash goodwill impairment charge, the change in fair value of the contingent consideration related to the PowerA earn-out and other non-recurring items and reflect an adjusted tax rate. Schedules of adjusted results and other non-GAAP financial measures and a reconciliation of these measures to the most directly comparable GAAP measures are in the earnings release and the slides that accompany this call.

Due to the inherent difficulty in forecasting and quantifying certain amounts, we do not reconcile our forward-looking non-GAAP measures. Forward-looking statements made during the call are based on the beliefs and assumptions of management based on information available to us at the time the statements are made. Our forward-looking statements are subject to risks and uncertainties actual results could differ materially.

Please refer to our earnings release and SEC filings for an explanation of certain risk factors and assumptions. Our forward-looking statements are made as of today and we assume no obligation to update them going forward. Following our prepared remarks, we will hold a Q&A session.