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Dec 28, 2024
Avery Dennison Q4 2024 Earnings Report
Avery Dennison's Q4 2024 performance was marked by increased sales and earnings, driven by strong results in both Materials and Solutions Groups.
Key Takeaways
Avery Dennison reported a 3.6% increase in net sales to $2.2 billion and a 10% increase in adjusted EPS to $2.38 for Q4 2024. The company's Materials and Solutions Groups both contributed to the strong performance.
Reported EPS increased to $2.16, while adjusted EPS reached $2.38, up 10%.
Net sales grew by 3.6% to $2.2 billion.
The Materials Group reported a 4% increase in sales, reaching $1.5 billion.
The Solutions Group reported a 3% increase in sales, totaling $714 million.
Avery Dennison
Avery Dennison
Forward Guidance
The company expects 2025 reported earnings per share of $9.55 to $9.95. Excluding an estimated $0.25 per share impact of restructuring charges and other items, the company expects 2025 adjusted earnings per share of $9.80 to $10.20.