STOCK TITAN

Avery Dennison (AVY) Stock News, Aug 2021-Feb 2022

AVY NYSE

Avery Dennison reports developments as a global materials science and digital identification solutions company serving packaging, retail, apparel, logistics, food, pharmaceuticals, automotive, home and personal care markets. Its updates commonly cover earnings, dividends, capital allocation and demand trends for labeling and functional materials, RFID inlays and tags, software that links physical items to digital data, and branded packaging and information products.

Company news also addresses strategic investments, acquisitions and partnerships tied to sensor technologies, digital identities, sustainability, circularity, transparency and supply-chain efficiency, along with investor events and guidance-related commentary on raw-material costs, tariffs, foreign currency, competitive pricing and integration activity.

Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) will have its chairman, president, and CEO, Mitch Butier, participate in a fireside chat at the BofA Securities Global Agriculture and Materials Conference on March 3, 2022, from 3:10 PM ET to 3:40 PM ET. The event will be available via live webcast, with a replay accessible on the company's Investor Relations website. Avery Dennison is a global materials science company with reported sales of $8.4 billion in 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.33%
Tags
conferences
-
Rhea-AI Summary

Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.68 per share, set to be distributed on March 16, 2022 to shareholders recorded by March 2, 2022. This dividend reflects the company's commitment to returning value to its shareholders. Avery Dennison is a global leader in materials science, specializing in a variety of labeling and functional materials, with reported sales of $8.4 billion in 2021 and operations in over 50 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.98%
Tags
dividends
-
Rhea-AI Summary

Avery Dennison Corporation (NYSE:AVY) reported its preliminary financial results for 4Q21 and FY21, showcasing a 9.7% increase in net sales to $2.2 billion for the quarter. Despite the rise, reported EPS fell 4% to $2.19. For FY21, EPS increased 34% to $8.83, with net sales up 20.6% to $8.4 billion. Looking forward, the company provides an optimistic EPS guidance for FY22 at $9.25 to $9.65. Factors impacting performance include inflation, supply chain challenges, and strategic cost management initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.76%
Tags
Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) will host its fourth quarter and full year 2021 earnings conference call via live webcast on February 2, 2022, at 1:00 p.m. ET. The earnings news release will be available earlier that day at 6:45 a.m. ET. The event will be accessible on the company's Investor Relations website. Avery Dennison, a global materials science company in Glendale, California, specializes in labeling and functional materials with reported sales of $7.0 billion in 2020.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
conferences earnings
-
Rhea-AI Summary

Avery Dennison (NYSE: AVY) has announced participation in a virtual fireside chat at the BMO 2021 Growth & ESG Conference on December 8, 2021, from 11:00 AM ET to 11:45 AM ET. The discussion will feature Greg Lovins, CFO, and Deon Stander, VP & GM of Retail Branding and Information Solutions. A webcast of the event will be available and a replay can be accessed later on Avery Dennison's Investor Relations website. The company reported sales of $7.0 billion in 2020 and employs over 32,000 individuals globally.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
conferences
-
News
Rhea-AI Summary

Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.68 per share. This dividend is set to be paid on December 15, 2021, to shareholders on record as of December 1, 2021. With reported sales of $7.0 billion in 2020 and a global presence in over 50 countries, Avery Dennison specializes in materials science, offering diverse products for industries like retail and medical.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
dividends
Rhea-AI Summary

Avery Dennison Corporation (NYSE:AVY) reported strong third-quarter results, with reported EPS at $1.96, a 9% increase. Adjusted EPS rose 12% to $2.14, and net sales increased 19.8% to $2.07 billion. Organic sales growth was 13.9%. The company revised its FY 2021 EPS guidance to a range of $8.55 to $8.70. The acquisition of Vestcom, enhancing the RBIS segment, was completed during the quarter. Despite supply chain challenges and inflationary pressures, the company achieved significant growth in Intelligent Labels and other high-value product categories.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
-
Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) will conduct its third quarter 2021 earnings conference call via live webcast on October 27, 2021, at 1:00 p.m. ET. The earnings release will be published earlier that day at 6:45 a.m. ET. Avery Dennison specializes in materials science, manufacturing a variety of labeling and functional materials for major industries. The company reported sales of $7.0 billion in 2020 and employs over 32,000 people globally.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.08%
Tags
conferences earnings
-
Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) has successfully acquired Vestcom for $1.45 billion, subject to customary adjustments. Vestcom, a leader in pricing and branded labeling solutions, specializes in store-level data management, providing retailers and consumer packaged goods companies with price-integrated messaging. This strategic acquisition aims to enhance Avery Dennison's capabilities in delivering innovative labeling solutions, ultimately improving market competitiveness and customer engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.33%
Tags
Rhea-AI Summary

Avery Dennison Corporation (NYSE: AVY) has priced an underwritten public offering of $300 million of 0.850% Senior Notes due 2024 and $500 million of 2.250% Senior Notes due 2032. The 2024 notes were priced at 99.991% and the 2032 notes at 99.592%. The closing is expected on August 18, 2021. Proceeds will finance part of the acquisition of Vestcom and for general corporate purposes. The offering is registered with the SEC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.22%
Tags
debt offering offering

FAQ

What is the current stock price of Avery Dennison (AVY)?

Avery Dennison (AVY) last closed at $180.6.

What is the market cap of Avery Dennison (AVY)?

The market cap of Avery Dennison (AVY) is approximately $13.7B.