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Dec 31, 2022
Avery Dennison Q4 2022 Earnings Report
Avery Dennison's Q4 2022 performance was impacted by volume declines due to significant inventory reductions downstream, with sales decreasing by 7.2% to $2.0 billion.
Key Takeaways
Avery Dennison announced its Q4 2022 results, with net sales declining by 7.2% to $2.0 billion and adjusted EPS decreasing by 23% to $1.65. The company's performance was impacted by volume declines due to significant inventory reductions downstream.
FY22 Reported EPS of $9.21, up 4%
FY22 Net sales increased 7.5% to $9.0 billion
4Q22 Reported EPS of $1.51
4Q22 Net sales declined 7.2% to $2.0 billion
Avery Dennison
Avery Dennison
Forward Guidance
The company expects 2023 reported earnings per share of $8.85 to $9.25. Excluding an estimated $0.30 per share impact of restructuring charges and other items, the company expects 2023 adjusted earnings per share of $9.15 to $9.55.