Earnings summaries and quarterly performance for Avery Dennison.
Executive leadership at Avery Dennison.
Deon Stander
Detailed
President & Chief Executive Officer
CEO
DA
Danny Allouche
Detailed
Senior Vice President & Chief Strategy and Corporate Development Officer
FM
Francisco Melo
Detailed
President, Solutions Group
GL
Gregory Lovins
Detailed
Senior Vice President & Chief Financial Officer
RY
Ryan Yost
Detailed
President, Materials Group
Board of directors at Avery Dennison.
AL
Andres Lopez
Detailed
Director
BA
Bradley Alford
Detailed
Director
DF
David Flitman
Detailed
Director
FR
Francesca Reverberi
Detailed
Director
MF
Maria Fernanda Mejia
Detailed
Director
MB
Mitchell Butier
Detailed
Chairman of the Board
PS
Patrick Siewert
Detailed
Lead Independent Director
WD
Ward Dickson
Detailed
Director
WW
William Wagner
Detailed
Director
Research analysts who have asked questions during Avery Dennison earnings calls.
GS
George Staphos
Bank of America
6 questions for AVY
Also covers: AMBP, AMCR, ATR +18 more
JZ
Jeffrey Zekauskas
JPMorgan Chase & Co.
6 questions for AVY
Also covers: ALB, APD, ASH +30 more
John McNulty
BMO Capital Markets
6 questions for AVY
Also covers: APD, ASH, AXTA +14 more
MR
Michael Roxland
Truist Securities
6 questions for AVY
Also covers: AMBP, AMCR, BALL +16 more
AP
Anthony Pettinari
Citigroup Inc.
5 questions for AVY
Also covers: AMBP, AMCR, BALL +26 more
Ghansham Panjabi
Robert W. Baird & Co.
5 questions for AVY
Also covers: AMCR, ATR, AVNT +20 more
JD
John Dunigan
Jefferies
4 questions for AVY
Also covers: BALL, GPK, INTU +1 more
JS
Josh Spector
UBS Group
3 questions for AVY
Also covers: ALB, AMBP, APD +27 more
Matthew Roberts
Raymond James
3 questions for AVY
Also covers: AMCR, ATR, GEF +4 more
Matt Roberts
Raymond James Financial
3 questions for AVY
Also covers: AMBP, AMCR, BERY +4 more
Michael Leithead
Barclays
3 questions for AVY
Also covers: AMBP, APD, AXTA +15 more
Joshua Spector
UBS
2 questions for AVY
Also covers: ALB, AMBP, APD +37 more
Bryan Burgmeier
Citigroup Inc.
1 question for AVY
Also covers: GFL, OI, RSG +4 more
CP
Chris Perrella
UBS
1 question for AVY
Also covers: CBT
Recent press releases and 8-K filings for AVY.
Avery Dennison: RFID tunnel reader market to grow from $1.66 billion in 2024 to $3.15 billion by 2029
AVY
- Market projected to grow from $1.66 billion in 2024 to $3.15 billion by 2029 at a 13.7% CAGR (2024–2029).
- Near‐term expansion to $1.89 billion in 2025 at a 14.1% CAGR, driven by RFID adoption for shipment verification and asset tracking.
- Surge fueled by e-commerce and logistics demand—RFID tunnel readers enhance real-time tracking and reduce errors; U.S. e-commerce sales rose 5.3% year-over-year in August 2025.
- Key market participants include Avery Dennison alongside Honeywell, Zebra, Brady, Turck, and Clustag; North America leads with Asia-Pacific as the fastest-growing region.
Dec 12, 2025, 2:39 PM
Avery Dennison reports Q3 2025 results
AVY
Earnings
Guidance Update
M&A
- Delivered adjusted EPS of $2.37 (up 2% YoY) and reported sales of +1.5% YoY (organic flat); adjusted EBITDA margin was 16.5% and free cash flow nearly $270 million; quarter-end net debt/EBITDA was 2.2×.
- Materials Group organic sales declined 2%, with high-value and base categories down low single digits; segment adjusted EBITDA margin rose 50 bps to 17.5%.
- Solutions Group organic sales grew 4%, led by high-value categories up high single digits (Vestcom and Embelex each >10% growth) and apparel Intelligent Labels mid-single digit growth; enterprise-wide IL sales were up ~3%.
- Ongoing trade policy headwinds—particularly tariffs—continued to pressure base apparel and general retail volumes, though impacts mitigated by strategic sourcing and pricing; management expects Q4 sales and EPS growth amid gradual normalization.
- Strengthened strategic position by announcing a major RFID partnership with Walmart for fresh grocery, expanded Kroger collaboration, repurchased ~$454 million of stock YTD, increased dividend by 7%, and closed $390 million Tailor Adhesives bolt-on acquisition.
Oct 22, 2025, 3:00 PM
Avery Dennison reports Q3 2025 results
AVY
Earnings
M&A
Guidance Update
- Delivered adjusted EPS of $2.37, up 2% and above midpoint, on net sales of $2.2 billion
- Expanded adjusted EBITDA margin by 10 bps to 16.5%, and generated $269 million of adjusted free cash flow
- Completed the $390 million Taylor Adhesives acquisition and returned cash through $450 million of share repurchases and $215 million of dividends YTD
- Issued Q4 guidance for adjusted EPS of $2.35–$2.45, with reported sales growth expected at 5–7%, including a ~2% currency tailwind
Oct 22, 2025, 3:00 PM
Avery Dennison announces third quarter 2025 results
AVY
Earnings
Guidance Update
M&A
- Avery Dennison reported 3Q25 EPS of $2.13 and adjusted EPS of $2.37, up 2% year-over-year, on net sales of $2.2 billion, up 1.5% (organic flat).
- Materials Group net sales were $1.516 billion, up 1.2% (organic down 1.9%) with an adjusted EBITDA margin of 17.5%, up 50 bps; Solutions Group net sales were $699.5 million, up 2.0% (organic up 3.6%) with an adjusted EBITDA margin of 17.0%, down 90 bps.
- The company returned $670 million in cash to shareholders YTD through dividends and share repurchases, including $454 million for 2.5 million shares through 3Q25.
- Avery Dennison issued $500 million of 4.00% senior notes due 2035 and completed the acquisition of Taylor Adhesives for $390 million, adding projected annual revenue of $110 million.
- For 4Q25, the company guides to reported EPS of $2.15–$2.25 and adjusted EPS of $2.35–$2.45.
Oct 22, 2025, 1:07 PM
Avery Dennison partners with Walmart on RFID fresh food management
AVY
New Projects/Investments
Product Launch
- Avery Dennison and Walmart have developed a pioneering RFID solution for high-moisture, cold environments in bakery, meat, and deli categories, overcoming traditional RFID challenges in fresh food.
- The RFID-enabled labels deliver digital use-by dates and faster item tracking to improve stock rotation, reduce food waste, and support Walmart’s goal to cut food loss by 50% by 2030.
- Deployment will span Walmart’s scale of 10,750+ stores, serving ~270 million customers weekly, enhancing inventory management and customer service.
- Avery Dennison, trading near its 52-week low, maintains a strong financial profile with 14 consecutive years of dividend increases, reflecting robust fundamentals.
Oct 22, 2025, 12:25 PM
Avery Dennison reports Q3 2025 results
AVY
Earnings
M&A
Product Launch
- Avery Dennison posted Q3 2025 revenue of $2.22 billion (in line with expectations) and adjusted EPS of $2.37, beating estimates.
- The Solutions Group revenue rose 2% Y/Y to $700 million, while the Materials Group grew 1.2% to $1.52 billion, driven by high-value and intelligent labels.
- Q3 free cash flow margin improved to 12.1% from 10% a year ago, reflecting enhanced cash generation efficiency.
- The company acquired Meridian Adhesives Group’s flooring adhesives business and launched RFID sensor labels for fresh food with Walmart, bolstering innovation and growth.
- Avery Dennison expects Q4 adjusted EPS of $2.35–$2.45, aligning with analyst forecasts.
Oct 22, 2025, 11:38 AM
Avery Dennison announces Q3 2025 results
AVY
Earnings
Guidance Update
- Delivered reported EPS of $2.13 and adjusted EPS of $2.37, up 2% year-over-year.
- Achieved net sales of $2.22 billion, up 1.5% reported, with organic sales flat versus prior year.
- Materials Group sales grew 1.2% to $1.52 billion, and Solutions Group sales rose 2.0% to $699.5 million in the quarter.
- Issued 4Q25 guidance for reported EPS of $2.15–2.25 and adjusted EPS of $2.35–2.45.
Oct 22, 2025, 10:45 AM
Avery Dennison issues €500 million 4.000% senior notes due 2035
AVY
Debt Issuance
- On September 11, 2025, Avery Dennison closed an issuance of €500 million aggregate principal of 4.000% Senior Notes due 2035, bearing interest annually and maturing September 11, 2035.
- Net proceeds were approximately €493.5 million, to be used for general corporate purposes, including financing acquisitions and repaying commercial paper under the Company’s program.
- The unsecured notes rank equally with existing unsubordinated debt, are structurally subordinated to subsidiary liabilities, and are redeemable at the issuer’s option prior to June 11, 2035 at par or a make-whole amount, and thereafter at 100% of principal plus accrued interest.
- The offering was made under Avery Dennison’s effective Form S-3 registration statement (No. 333-286478), and the notes are expected to be listed on the Nasdaq Global Market.
Sep 11, 2025, 8:17 PM
Avery Dennison outlines strategy and growth drivers at Jefferies Conference
AVY
Revenue Acceleration/Inflection
Share Buyback
M&A
- Avery Dennison operates a $8.8 billion Material Sciences (70%) and Solutions (30%) business, focusing on branding, supply-chain efficiency and waste reduction across consumer staples (60% of sales) through broad end-market exposure.
- The company targets 4.5–5% average annual growth for the next cycle: 1 pp from base businesses, 1.5 pp from Intelligent Labels and 2 pp from other high-value categories, supported by M&A.
- Maintains a strong balance sheet (leverage in the low 2s), with 25–30% of capital spent on productivity and restructuring, 20% on dividends (compounded at 10% for 10 years) and 50% allocated to share buybacks or M&A – $360 million repurchased in H1 2025.
- Acquired a tail-end adhesive business (Meridian’s liquid flooring adhesives) as a high-value category bolt-on: mid-single-digit growth, high-20%+ EBITDA margins, and expected mid-single-digit cost synergies via adhesive in-sourcing and procurement.
- Intelligent Labels (RFID) business, 60% in apparel (down from high-single to low-single-digit volume decline in Q2 2025), is expanding into logistics (UPS) and food (Kroger, 700 stores) with ROI <1 year; deploying innovation (tags <$1) and end-to-end digital platforms (atmode.io/Optica) to maintain >50% share.
Sep 3, 2025, 9:50 PM
Avery Dennison to acquire Meridian Flooring Adhesives Division
AVY
M&A
- Avery Dennison entered a definitive agreement to acquire Meridian’s Flooring Adhesives Division, including Taylor Adhesives, Polycom, and Frontier Products.
- The business will be integrated into Avery Dennison’s Materials Group to accelerate innovation and expand market reach.
- Meridian considers the sale a strategic move to focus on its remaining portfolio, while Avery Dennison aims to enhance its high-value product lines.
- Avery Dennison reported $8.8 billion in 2024 sales and employs approximately 35,000 people across more than 50 countries.
Aug 25, 2025, 8:20 PM
Quarterly earnings call transcripts for Avery Dennison.
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