Avery Dennison Q2 adjusted EPS $2.42 (+26%); raises FY adjusted EPS guidance to $9.30-9.50

Avery Dennison Corp

2024-Q2 EPS reported $4.31 revenue$4,386,600,000

Reported EPS $2.18 (+76%), adjusted EPS $2.42 (+26%) on net sales $2.2B (+7% organic).
FY24 adjusted EPS guidance raised to $9.30-$9.50 from $9.00-$9.50; reported EPS guided $8.75-$8.95.
Second quarter sales change ex-currency was +8%; organic sales change was +7% versus prior year.
Materials and packaging segments drove growth; management cited strong operational execution.

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