ACCO Brands Corporation (NYSE:ACCO) Q 2022 Earnings Conference Call November 8, 2022 8:30 AM ET
Company Participants
Chris McGinnis - Senior Director, Investor Relations
Boris Elisman - Chairman and Chief Executive Officer
Deb O'Connor - Executive Vice President and Chief Financial Officer
Conference Call Participants
Joe Gomes - Noble Capital
Hamed Khorsand - BWS Financial
Greg Burns - Sidoti
William Reuter - Bank of America
Kevin Steinke - Barrington Research
Operator
Ladies and gentlemen hello and welcome to the ACCO Brands Q3, 2022 Earnings Conference Call. My name is [Maxin] and I will be coordinating today's call. [Operator Instructions]
I will now hand over to Chris McGinnis, Senior Director of Investor Relations to begin. Chris please go ahead when you are ready.
Chris McGinnis
Good morning, and welcome to ACCO Brands third quarter 2022 conference call. This is Chris McGinnis, Senior Director of Investor Relations. Speaking on the call today are Boris Elisman, Chairman and Chief Executive Officer at ACCO Brands Corporation; and Deb O'Connor, Executive Vice President and Chief Financial Officer.
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 and non-cash, goodwill impairment charge and change in fair value of the contingent consideration related to the PowerA earn-out and other non-recurring items and reflect in 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 and our actual results could differ materially. Please refer to our earnings release and SEC filings for an explanation of certain of these 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.
Now, I will turn the call over to Boris Elisman.
Boris Elisman
Good morning, everyone. Thank you for joining us. In mid October, we issued a press release updating our third quarter and full year outlook, highlighting the fact that the third quarter proved to be more challenging, given the economic environment, especially in Europe, and more cautious inventory replenishment by retailers. Last night, we issued our third quarter results, reflecting sales at the midpoint and adjusted EPS at the high end of our guidance with our full year outlook unchanged. Let me start by saying the solid fundamentals of our business are intact. And we believe we have the right strategy and team to weather the economic challenges and deliver sustainable organic revenue growth once the economy improves.