secwatch.observer — SEC 8-K summary
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Issuer:     Avery Dennison Corp (AVY)
CIK:        0000008818
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001193125-23-192716
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/8818/000119312523192716/0001193125-23-192716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/8818/000119312523192716/d542779d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-192716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer