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ACCO Brands Corp (ACCO) Q4 2020 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
ACCO Brands Corp (NYSE: ACCO)
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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Fourth Quarter and Full Year ACCO Brands Earnings. [Operator Instructions]
I would now like to turn the conference call over to your speaker today, Christine Hanneman. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company s SEC filings. Please see our
Corporate spending plans tweaked as recovery pace remains uncertain
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Kristin Broughton
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Finance chiefs are fine-tuning the way they draft their annual spending plans, opting for more frequent check-ins to review and authorize costs throughout the year after the coronavirus pandemic rendered their 2020 budgets virtually obsolete.
The pandemic revealed shortfalls in companies’ financial planning last year after government lockdowns aimed at curbing the spread of Covid-19 upended revenue projections and forced companies to rescind guidance.
The impact of the virus varies across industries, lifting profits at grocery chains and makers of cleaning supplies while causing ongoing financial pain for retail, travel and hospitality businesses.
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