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Jul 03, 2021
Avery Dennison Q2 2021 Earnings Report
Avery Dennison's Q2 2021 performance was strong, exceeding expectations with significant revenue growth and increased EPS.
Key Takeaways
Avery Dennison reported a strong second quarter in 2021, with net sales increasing by 37.5% to $2.10 billion and EPS up by 131% to $2.19. The company raised its full-year EPS guidance and announced an agreement to acquire Vestcom for $1.45 billion.
Reported EPS increased by 131% to $2.19, and adjusted EPS rose by 77% to $2.25.
Net sales increased by 37.5% to $2.10 billion, with organic sales growth of 28.1%.
The company raised its full-year EPS guidance, with the reported EPS range now $8.50 to $8.80 and the adjusted EPS range $8.65 to $8.95.
An agreement to acquire Vestcom for $1.45 billion was announced, expanding RBIS's strengths.
Forward Guidance
Avery Dennison raised its guidance range for 2021 reported earnings per share from $8.25 to $8.65 to $8.50 to $8.80. Excluding an estimated $0.15 per share related to restructuring charges and other items, the company’s guidance range for adjusted earnings per share has been raised from $8.40 to $8.80 to $8.65 to $8.95.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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