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Avery Dennison Corp. - AVY STOCK NEWS

Welcome to our dedicated news page for Avery Dennison (Ticker: AVY), a resource for investors and traders seeking the latest updates and insights on Avery Dennison.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avery Dennison's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avery Dennison's position in the market.

News
Avery Dennison Announces First Quarter 2024 Results
Rhea-AI Summary
Avery Dennison (AVY) reported strong first-quarter 2024 results with a 43% increase in reported EPS to $2.13 and a 35% increase in adjusted EPS to $2.29. Net sales rose by 4% to $2.2 billion, with sales growth across different segments. The company provided FY24 EPS guidance of $8.60 to $9.10 and adjusted EPS guidance of $9.00 to $9.50. Avery Dennison's Materials Group and Solutions Group both saw sales increases, with Materials Group reporting a 2% increase to $1.5 billion and Solutions Group reporting an 8% increase to $655 million. The company continues to focus on capital deployment, maintaining a strong balance sheet and returning cash to shareholders. Despite some challenges in the apparel industry, Avery Dennison remains optimistic about its growth prospects in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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earnings
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Avery Dennison to Webcast First Quarter 2024 Earnings Conference Call
Rhea-AI Summary
Avery Dennison (AVY) will hold its Q1 2024 earnings conference call on April 24, 2024, with a live webcast and news release. The event will provide insights into the company's financial performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
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conferences earnings
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News
Avery Dennison Names Ryan Yost President, Materials Group
Rhea-AI Summary
Avery Dennison Corporation (NYSE: AVY) appoints Ryan Yost as President of Materials Group, emphasizing growth in logistics, food, and retail markets, innovation, technology, and sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.11%
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none
News
Maria Fernanda Mejia Appointed to Avery Dennison Board of Directors
Rhea-AI Summary
Avery Dennison Corporation (AVY) appoints Maria Fernanda Mejia, a seasoned executive with extensive international experience in the consumer goods industry, to its board of directors. Mejia has a successful track record at Newell Brands Inc. and Kellogg Company, bringing valuable expertise to Avery Dennison.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
management
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Avery Dennison Declares Quarterly Dividend
Rhea-AI Summary
Avery Dennison Corporation (AVY) has announced a quarterly cash dividend of $0.81 per share, payable on March 20, 2024, to shareholders of record on March 6, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
dividends
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News
Avery Dennison Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Avery Dennison Corporation (AVY) reported 4Q23 EPS of $1.77, adjusted EPS of $2.16, up 31%, and net sales of $2.1 billion, up 4%. FY23 EPS was $6.20, adjusted EPS $7.90, and net sales $8.4 billion, down 8%. FY24 EPS guidance is $8.65 to $9.15, adjusted EPS guidance is $9.00 to $9.50. The company reported a strong performance in the fourth quarter, with growth in Label Materials and Apparel Solutions segments. Intelligent Labels platform is expected to deliver significant growth in 2024. The company deployed $225 million for acquisitions and returned $394 million in cash to shareholders. The reported effective tax rate was 29.0% in the fourth quarter and 27.6% for the full year. The company realized approximately $69 million in pre-tax savings from restructuring in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.89%
Tags
earnings
News
Avery Dennison to Webcast Fourth Quarter and Full Year 2023 Earnings Conference Call
Rhea-AI Summary
Avery Dennison Corporation (AVY) will host its Q4 and full year 2023 earnings conference call on January 31, 2024, with the news release issued at 6:45 a.m. ET. The event will be webcast live, and a replay will be available on Avery Dennison's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.2%
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conferences earnings
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News
Wiliot Showcases the Future of Retail, Running on Ambient IoT, at NRF 2024
Rhea-AI Summary
Wiliot (WILI) to Showcase Industry-Changing IoT Visibility Technology at NRF 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
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Avery Dennison Declares Quarterly Dividend
Rhea-AI Summary
Avery Dennison Corporation (NYSE:AVY) declares a quarterly cash dividend of $0.81 per share payable on December 20, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.18%
Tags
dividends
News
Avery Dennison Announces Third Quarter 2023 Results
Rhea-AI Summary
Avery Dennison Corporation (NYSE:AVY) announces preliminary results for Q3 2023. Net sales of $2.1 billion, down 10% ex. currency. Adjusted EPS of $2.10, up 9% sequentially. Q4 2023 guidance: Reported EPS of $2.05 to $2.20, Adjusted EPS of $2.10 to $2.25.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.74%
Tags
earnings
Stock AVY logo
Avery Dennison Corp.

NYSE:AVY

AVY Rankings

#577 Ranked by Market Cap
#1961 Ranked by Stock Gains
#1599 Ranked by Dividends

AVY Stock Data

17.00B
79.76M
0.76%
96.36%
1.61%
Paper Bag and Coated and Treated Paper Manufacturing
Manufacturing
Link
US
Glendale

About AVY

avery dennison (nyse: avy) is a global leader in labeling and packaging materials and solutions. the company’s applications and technologies are an integral part of products used in every major market and industry. with operations in more than 50 countries and over 25,000 employees worldwide, avery dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent.