Avery Dennison Q2 2023 net sales $2.1B, organic sales down 10%; adjusted EPS $1.92 up 13% sequentially

Avery Dennison Corp

2023-Q2 EPS reported $2.73 revenue$4,155,500,000

Net sales $2.1B, organic sales change -10% (non-GAAP); sales change ex-currency also -10%.
Reported EPS $1.24; adjusted EPS $1.92, up 13% sequentially.
Increased accrual for legacy legal matter; company preparing for appeal.
Q3 2023 guidance: reported EPS $1.70-$1.90; adjusted EPS $2.00-$2.20.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Avery Dennison Corp reported the second quarter ended July 1, 2023 results: revenue $2.1 billion, EPS $1.24.

Period: the second quarter ended July 1, 2023
Revenue: $2.1 billion
EPS: $1.24
Result: preliminary results

Exact text from the filing

and Exhibits --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 For Immediate Release AVERY DENNISON ANNOUNCES SECOND QUARTER 2023 RESULTS Highlights: ● 2Q23 Net sales of $2.1 billion ¡ Sales change ex. currency (non-GAAP) down 10% ¡ Organic sales change (non-GAAP) down 10% ● 2Q23 Reported EPS of $1.24 ¡ Increased accrual for legacy legal matter; preparing for

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Avery Dennison Corp reported the third quarter of 2023 results: EPS $1.70 to $1.90. Guidance initiated.

Period: the third quarter of 2023
EPS: $1.70 to $1.90
Guidance: initiated
Result: guidance update

Exact text from the filing

preparing for appeal ¡ Adjusted EPS (non-GAAP) of $1.92, up 13% sequentially ● 3Q23 Reported EPS guidance of $1.70 to $1.90 ¡ Adjusted EPS guidance of $2.00 to $2.20 MENTOR, Ohio, July 25, 2023 – Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its second quarter

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Source: SEC EDGAR

accession 0001193125-23-192716

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