or the my impacts our we have manufacturing distribution, morning you, under the of year orders, to I'm impacts and products, circumstances. COVID-XX inventory my closures, the risk and Thank including on will manage users school supply Brands, our other Those end Brands, and work comments. actions remote the hybrid other customers, and and financial the ACCO our have effects be related end results. and resulting home, good and users and include Boris, government our learning, the operational, business from throughout of comments And going pandemic, from everyone. ACCO our customers of Most taken to credit taken actions to response full disruptions chain COVID-XX. of in to discuss
demand COVID-XX. lower reported XX% both to impact of net decreased from due and Our the XXXX comparable sales, approximately
Compared to drove Boris we sales for BXB Sales accounting home, air very from such sales weak focused commercial customers XX% sales to full to product TruSens most our accessories declined As lines the noted, strong computer purifiers. remained on and growth declines. and our as sales work year of of Kensington channels in and commercial XXXX, saw decline. XX%
sales specialist was and and sales Full million in XX% partially in third rose while net store the due mass large quarter On contract a to $XX were to the XX% traffic. declines other sales hand XX% lower count. the retail tech channels ecommerce Adjusted due was sales was with net a share. down volume, million year to income production rate, income rose share factors adjusted per efforts primary our profits expense cost tax EPS lower driver decline bettered The benefiting EMEA where $X.XX year-over-year and EPS interest lower $X.XX. of in $XX adjusted and or
with XX% absorption. as in SG&A a occurred reduction savings. primarily expenses as $XXX low margin margin partially well cost million only product XXXX. primarily fixed XXXX. growth as approximately and were of a largely of percent as of commercial because flat Our The XX%, for to $XXX million in factors of was year, were mix, cost Decreases unfavorable compared result cost roughly freight offset sales lower and XX% compared segments an certain costs efforts. because customer high with and import was by SG&A products last higher in all demand
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we've in the took indicated cost employees assistance and and furloughs. order to a actions reduce our announced XXXX. to business near-term. protect health you reduction we from Year add in we In we XX% permanent including charge When in initiated it all which headcount the second safety layoffs cost end COVID-XX our quarter protect quarter qualified programs in programs. first realized $XX was actions taken in we In actions. we or have fourth previously, headcount of to of the when the all XXXX early to savings XXXX many In quarter. cost in quarter costs million than up, As the government third keep aggressively to our response implementing temporary reduction various changes announced to employees to we in and rather the and versus business, more make restructuring down reductions, we structural additional we participated our
to on, cycles, operating due compared was primarily lower expenses. last from million due versus and volume debt operating $XXX income but X% margin additional also for $XXX with provisions adjusted was The inefficiencies Moving lower bad adjusted million XX%. year to
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Now North let's America sales our comparable decreased million. details results. net turn segment to year in $XXX XX% some Full to of
X%, case quarter. tech limited as America for back-to-school had declined grew offices openings. in the channel As but growth were weaker. many or of and the Sales retail second channel products down total year sales approximately were commercial lower the for sales increased, both was North full E-tail company, closed sales while
While selling were sellout second was of strong, back-to-school second half sluggish. the products quarter
was strong deal after $XX volume, with by was reductions decline On the million the and in year year, million customer a sales lower and XX% These were cost but December. versus positive The operating compared unfavorable partially PowerA we lower adjusted of government last programs. mix. $XXX inflation, and we North and Kensington assistance accessories North experienced million mid XX%. side, primarily factors adjusted America to offset product of contributed sales to America result saw income Full inefficiencies closed $X sales, computer we cost almost and operating also margin was due
let's EMEA. to Now turn
commercial impacts decreased sales. to sales Kensington reductions personal year were million $X favorable comparable the of XX% TruSens For million with to offsetting PowerA $XXX shredders which growth purifiers. contributed The in COVID-XX. air the exchange accessories, to were and by full the EMEA foreign net X% due in decline partially partially down sales approximately sales, Leitz computer in offset
We commercial partial adverse EMEA less our in have based in products. of months seen the recovery with improvement results on several sales of
In profit of who and work lines primarily storage new million and organization operating lower have an versus inefficiencies. XXXX, addition, been from adjusted due our $XX to received. EMEA related in well of $XX products, home sales posted million
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Moving the the because impact significantly, declined COVID-XX. lower segment. from International to Comparable sales of demand of
many to the in Asia were half and customers majority markets lower so be the and all sales year, the remain this closed, second countries of continue decline. current in a first sales account quarter, for International is situation commercial third quarters, in by the operating income our XXXX. schools commercial was both these was there channel sequential In COVID-XX, Mexico fourth of suffered with compared severely markets The adjusted as in rescinded as Australia posted markets, $XX improvements. and million in improved that continued significantly. those e-tail no down the and and as result While the will $XX is the offset and vast and sales primarily that retail last impacted the retail opportunity Brazil underdeveloped, offices to million expectation into sales. of lockdown Victoria meaningful is
and volume We cost also offset lower Latin and by to debt assistance. bad in reserves government due partially higher America, inefficiencies had reductions
move to balance our and flow. Let's now sheet cash
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is XXXX $XX for outlook approximately CapEx Our million.
acquired use we cash term, fund hand. debt, have cash our shares on credit make we of $XXX of repurchase flow $XX our year reduce As our fund in our to our increased to debt, use to debt. term $XXX reduce free and used we plan dividend, plan acquisitions. and to end, Longer noted and cash PowerA At the when we and million near to million our had facility we million revolving dividend,
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to maintain costs, manage and we we be current Given through environment. liquidity, proactive good the able financial steps reduce taken our the have to to we strength, expect as
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how the impacts schools open, XXXX, For are support delivery significantly vaccines, from continue level to and depending whether country, businesses the is nature a including general and of our structure. of and range COVID-XX channel the seriously of the to what business of expect and seasonality geographic in and we vary the government degree effectiveness a the health public upon and will affecting and country, in pandemic business by country, region factors,
are that is from second the reduced roll continue of We our through as mass when in This will we this out, Out year, should we hopeful COVID-XX, smallest particularly impacts typically an economic XXXX. seasonally anticipate first all vaccinations of see recovery. half quarter. quarter
with is Excluding the PowerA, pre-COVID we down comparisons expect the we'll overall face in demand to relative very when first COVID-XX. from be quarter to This XXXX, quarter saw impact world. little the we last
pre-pandemic our the First demand anticipated progress on this, to to demand Latin strong Partially continue initiatives to our quarter reflect and products continue offsetting and is will especially in globally versus make we comparisons. be to expect weak regionally. growth America weaker commercial
in excluding have intangible XXXX, changing with we made future. to assets. the non-GAAP the We years company of to growth several of and few continue over calculate acquisitions The and non-cash way quarter first acquisitions has sales to business committed in report the EMEA. are expect organic adjusted past large we Beginning near the its publicly has by transform amortization results through
strategy, not this result measures of acquisition in to amortization expense. have large believe will likely a acquisition We a related we change As because these to enhance it the and will foreseeable amount of our non-GAAP usefulness investors, the clear XXXX continue future, that have release, of comparisons. earnings and to the associated operating reflects period-to-period measures reflect the In with our amortization which non-GAAP adjustment. to meaningful results XXXX underlying and have new the attachments before our facilitate core we expense, is operations restated and
adjusted reflects quarter PowerA. XXXX Our earnings. new definition strong We a first for quarter anticipate our of outlook first
be to in As is quarter entire flat the up range first to such, the X%. sales our outlook of company for for
to a $X.XX. anticipate outlook of favorable on on definition share, which $X.XX on EPS. adjusted and pre-tax $X.XX be EPS impact of adjusted excluding new $XX in be earnings, X% will $X.XX first foreign in an amortization The a of based per earnings excluded includes adjusted adjusted range of the exchange are expected basis. We The represents approximately quarter sales quarter, amortization million intangible to our first on
and reinstated benefits compensation the reductions We have in took we XXXX.
in are stronger also anticipated second We more half planning to initiatives growth to invest demand. support
SG&A such, all in expenses will in increase XXXX our As quarters.
the outlook, that productivity for million flow CapEx at to cash operating least a we approximately free level $XXX we $XX flow. $XXX level We contribution approximately expect year. to as for generate be savings normal at effectively not to cash will and cash of in In late of we the least feel deliver With our cash confident the $XX of acquisitions of reflected the structure accounts programs in making December, full flow year. million without reduction respect more full PowerA XXXX, generate to million due This flow be $XX in to normal million PowerA, expect levels of we payable. purchase receivable agreement. expected the free price. acquired million of we can our a subsequently normal are will With
normal cash restore we levels see payable receivable from flow cash. in a be will abnormally reduced and free XXXX, working level will high of use of As of we capital accounts PowerA as
to capital a and return contribution PowerA next year. cash will flow cycle We free from normal working
your Operator? will Q&A, be and to on where move let's I Now questions. to happy Boris take
