Acco Brands

Gross margins are in the low 30s and operating margins in the mid single digits through the cycle, which is consistent with modest pricing power in mature consumer and office categories. 2025 results show volume pressure and tariff impacts partly offset by price increases, and international commentary cites price as a partial offset to reduced volumes.

This reflects some ability to take price in inflationary periods but not enough to fully protect margins when volumes decline. Latent pricing power is higher in select niches (Kensington security/docking, enterprise audio) but offset by license fees and intense branded/private label competition in gaming accessories.