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Avery Dennison Announces First Quarter 2024 Results

Avery Dennison Corporation (AVY) 
Last avery dennison corporation earnings: 4/29 06:45 am Check Earnings Report
Company Research Source: Business Wire
Highlights:1Q24 Reported EPS of $2.13, up 43%1Q24 Adjusted EPS (non-GAAP) of $2.29, up 35%1Q24 Net sales of $2.2 billion, up 4%Sales change ex. currency (non-GAAP) up 4%Organic sales change (non-GAAP) up 3%FY24 Reported EPS guidance of $8.60 to $9.10Adjusted EPS guidance of $9.00 to $9.50 MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its first quarter ended March 30, 2024. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year.“We are off to a strong start to the year. In the first quarter we delivered significant earnings growth, driven by higher volume and productivity gains,” said Deon Stander, president and CEO.“Materials Group delivered significant volume growth and margin expansion, as downstream inventory destocking subsided and volumes continued to normalize. S Show less Read more
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