Welcome to our dedicated page for Avery Dennison news (Ticker: AVY), a resource for investors and traders seeking the latest updates and insights on Avery Dennison stock.
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.
Avery Dennison Corporation (NYSE:AVY) reported preliminary results for Q3 2020, showcasing resilient performance despite the COVID-19 pandemic. Net sales totaled $1.73 billion, down 1.8% year-over-year, yet adjusted net income rose 15% to $1.91 per share. The company achieved improved operating margins across all segments and realized $30 million in temporary savings. There are ongoing cost reduction initiatives targeting $60-70 million in savings for 2020. A 7% increase in dividends was announced, alongside share repurchases, indicating confidence in financial stability.
Avery Dennison Corporation (NYSE: AVY) announces a quarterly dividend of $0.62 per share, marking a 7% increase from the previous rate. The dividend is payable on December 16, 2020, to shareholders on record as of December 2, 2020. Avery Dennison, a global manufacturer of labeling and functional materials, aims to enhance shareholder value through consistent dividend growth. The company reported sales of $7.1 billion in 2019 and employs approximately 30,000 staff in over 50 countries.
Avery Dennison Corporation (NYSE: AVY) has scheduled two key investor events. The third quarter earnings conference call will occur on October 21 at 1:00 p.m. ET, with a news release issued at 6:45 a.m. ET. Additionally, Mitch Butier, chairman and CEO, will present at Baird’s Virtual Global Industrial Conference on November 10 at 2:00 p.m. ET. Both events will be available via live webcast and replay on Avery Dennison's Investor Relations website.