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Jul 02, 2022
Avery Dennison Q2 2022 Earnings Report
Reported strong financial results amidst a dynamic environment.
Key Takeaways
Avery Dennison announced preliminary, unaudited results for the second quarter ended July 2, 2022. Net sales increased 11.7% to $2.3 billion. Reported EPS was $2.61 and adjusted EPS (non-GAAP) was $2.64. The company raised FY 2022 EPS guidance.
2Q22 Reported EPS of $2.61
Adjusted EPS (non-GAAP) of $2.64
Net sales increased 11.7% to $2.3 billion
Raised FY 2022 EPS guidance
Forward Guidance
The company has raised its guidance range for 2022 reported earnings per share from $9.35 to $9.75 to $9.60 to $9.90. Excluding an estimated $0.10 per share related to restructuring charges and other items, the company raised its guidance range for adjusted earnings per share from $9.45 to $9.85 to $9.70 to $10.00.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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