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Sep 28, 2024
Avery Dennison Q3 2024 Earnings Report
Avery Dennison's Q3 2024 results were announced, demonstrating strong earnings growth driven by higher volume and productivity gains.
Key Takeaways
Avery Dennison reported a strong third quarter with earnings exceeding expectations. Net sales increased by 4% to $2.2 billion, and adjusted EPS rose by 9% to $2.33. The company has raised its full-year outlook for adjusted earnings per share.
Reported EPS increased by 32% to $2.25.
Adjusted EPS (non-GAAP) increased by 9% to $2.33.
Net sales increased by 4% to $2.2 billion.
Full-year outlook for adjusted earnings per share was raised.
Avery Dennison
Avery Dennison
Forward Guidance
The company has revised its guidance range for 2024 reported earnings per share from $8.75 to $8.95 to $8.75 to $8.90 and raised its guidance range for 2024 for adjusted earnings per share from $9.30 to $9.50 to $9.35 to $9.50.