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Stock impact report

Avery Dennison Announces First Quarter 2020 Results

Avery Dennison Corporation (AVY) 
Last avery dennison corporation earnings: 4/29 06:45 am Check Earnings Report
Company Research Source: Business Wire
Highlights:1Q20 Reported EPS of $1.60Adjusted EPS (non-GAAP) of $1.661Q20 Net sales declined 1.0% to $1.72 billionSales change ex-currency (non-GAAP) of 1.0%Organic sales growth (non-GAAP) of 0.3%Despite different nature of this downturn, business remains resilientFree cash flow strong across wide range of scenariosSuspending 2020 EPS guidance in light of uncertain environmentStrong balance sheet (net debt to adjusted EBITDA ratio of 2.0); ample liquidity GLENDALE, Calif.--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its first quarter ended March 28, 2020. Non-GAAP financial measures referenced in this document are reconciled to GAAP in the attached tables. Unless otherwise indicated, comparisons are to the same period in the prior year.“The coronavirus is having a substantial impact on our teams, our markets and customers, our communities, and, of course, our shareholders,” said Mitch Butier, Chairman, President and CEO. Show less Read more
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