Avery Dennison Q3 2021 Earnings Report
Key Takeaways
Avery Dennison reported a strong third quarter with net sales increasing by 19.8% to $2.07 billion and adjusted EPS up 12% to $2.14. The company raised its full-year adjusted EPS guidance, reflecting confidence in continued earnings growth, and closed the acquisition of Vestcom.
Reported EPS increased by 9% to $1.96, while adjusted EPS rose by 12% to $2.14.
Net sales grew by 19.8% to $2.07 billion, with organic sales growth of 13.9%.
The acquisition of Vestcom was completed, expanding the company's position in high-value categories.
Full-year adjusted EPS guidance was raised to a range of $8.80 to $8.95.
Avery Dennison
Avery Dennison
Forward Guidance
Avery Dennison has revised its guidance range for 2021 reported earnings per share from $8.50 to $8.80 to $8.55 to $8.70. Excluding an estimated $0.25 per share related to restructuring charges and other items, the company’s guidance range for adjusted earnings per share has been raised from $8.65 to $8.95 to $8.80 to $8.95.