Foreign exchange added $8.6 million to EBITDA. And finally, EPS from continuing operations increased 36% to $0.64 excluding the $0.05 cost associated with bond repurchases and the $0.07 of transaction-related costs. This compared to $0.47 in the prior year.Looking at segment performance for the quarter. Reported sales for the Americas decreased 4% due to currency and volume. The decline in volume was due to a tough comparison to the prior-year quarter as well as tight management of inventory by 7 of our customers. Operating income for the Americas decreased 17%, and margin declined 130 basis points due to the lower sales volume. International segment sales decreased 4% due to a 7% decline in volume, which was the result of lower demand in Europe.
ACCO Brands Management Discusses Q4 2011 Results - Earnings Call Transcript
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