The company is executing a $100 million multi-year cost reduction program and expanding its product lines to support hybrid work environments. ACCO Brands also made a small acquisition in Australia and New Zealand to enhance its product portfolio in ergonomic and business seating categories. The company refrained from providing full-year guidance due to uncertainties related to tariffs, but expects second-quarter sales to decline by 8-12% with adjusted EPS between $0.28 and $0.32. Fitch noted that ACCO's leverage could remain above 4.0x in 2025, potentially affecting its credit profile.