earnings
confidence high
sentiment neutral
materiality 0.75
Avery Dennison Q3 net sales $2.1B, down 11% organic; adjusted EPS $2.10, up 9% sequentially
Avery Dennison Corp
2023-Q3 EPS reported
$4.43
revenue$6,253,800,000
- Q3 reported EPS $1.71; adjusted EPS $2.10 (non-GAAP), up 9% from Q2 2023.
- Net sales $2.1B; sales change ex-currency down 10%, organic sales down 11% YoY.
- Q4 2023 guidance: reported EPS $2.05-$2.20; adjusted EPS $2.10-$2.25.
- Adjusted EPS improvement attributed to productivity measures and pricing actions.