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Jan 02, 2021
Avery Dennison Q4 2020 Earnings Report
Avery Dennison's Q4 2020 earnings were announced, showcasing significant growth in EPS and net sales.
Key Takeaways
Avery Dennison reported a strong fourth quarter with a 12.3% increase in net sales to $1.99 billion and a 19% increase in reported EPS to $2.28. The company's performance was driven by growth in its Label and Graphic Materials, Retail Branding and Information Solutions, and Industrial and Healthcare Materials segments, as well as contributions from acquisitions.
Reported EPS increased by 19% to $2.28, while adjusted EPS (non-GAAP) rose by 31% to $2.27.
Net sales increased by 12.3% to $1.99 billion, with organic sales growth of 3.2%.
The company's balance sheet remains strong with net debt to adjusted EBITDA at 1.7.
Avery Dennison increased community engagement with a $10 million incremental contribution for charitable causes.
Forward Guidance
Avery Dennison expects 2021 reported earnings per share of $7.50 to $7.90 and adjusted earnings per share of $7.65 to $8.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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