Avery Dennison Corp Stock Price, News & Analysis

Avery Dennison Corporation (NYSE: AVY) has appointed new leaders for its two business segments. Hassan Rmaile is now president of the Materials Group, while Francisco Melo becomes president of the Solutions Group. This restructuring follows the company's strategic move to better leverage operational capabilities and enhance market presence. Rmaile, previously leading the Label and Graphic Materials in Europe, will focus on innovation and sustainability. Melo, known for his role in the Intelligent Labels platform, aims to strengthen the company's position at the intersection of physical and digital solutions.

Avery Dennison Corporation (NYSE: AVY) has priced a public offering of $400 million in 5.750% Senior Notes due 2033, priced at 99.557% of their principal amount. The offering is set to close on March 15, 2023, pending customary conditions. The proceeds will be utilized to repay existing debt, specifically $250 million of senior notes maturing on April 15, 2023, and for general corporate purposes. The offering is conducted under a registration statement with the SEC, with major financial institutions involved as joint book-running managers.

Avery Dennison Corporation (NYSE: AVY) has appointed Francesca Reverberi as a director, effective February 23, 2023. Reverberi, with extensive experience in sustainable product management, is currently the chief sustainability officer at Trinseo PLC, a company generating approximately $5 billion in revenue for 2022. Her background includes roles in engineered materials and synthetic rubber. The board is optimistic that Reverberi's expertise will enhance their strategies to create long-term stakeholder value. This leadership change is seen as a move toward reinforcing the company's commitment to sustainability.

On February 22, 2023, Babycare announced strategic partnerships with Eastman and Avery Dennison, enhancing its commitment to safer maternity and parenting products. This collaboration expands Babycare's network of partners to eight, which includes companies like Symrise and Henkel. The partnership with Eastman focuses on R&D for innovative materials, while the collaboration with Avery Dennison aims to improve product quality in Babycare's pull-up pants. Both companies share Babycare's values of safety, innovation, and sustainability, aiming to set higher standards in the maternal and infant sectors globally.

Avery Dennison Corporation (NYSE: AVY) will have its chairman and CEO, Mitch Butier, participate in a fireside chat at the BofA Securities Global Agriculture and Materials Conference on Thursday, March 2, at 10:50 AM ET. This important event will be available via live webcast, and a replay can be accessed later on Avery Dennison's Investor Relations website.

Avery Dennison is a global leader in materials science and digital identification solutions, with reported sales of $9.0 billion in 2022. The company operates in over 50 countries and employs around 36,000 people.

Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.75 per share. This dividend is scheduled for payment on March 15, 2023, to shareholders of record as of March 1, 2023. The company reported sales of $9.0 billion in 2022, demonstrating its strong market presence in the materials science and digital identification sectors. Avery Dennison serves diverse industries such as home care, apparel, logistics, and pharmaceuticals, employing approximately 36,000 people across more than 50 countries.

Avery Dennison Corporation (NYSE:AVY) reported a FY22 EPS of $9.21, up 4%, with net sales of $9.0 billion, a 7.5% increase. The fourth quarter saw a reported EPS of $1.51 but an adjusted EPS of $1.65, which declined by 23%. Meanwhile, Q4 net sales fell 7.2% to $2.0 billion. The company expects FY23 reported EPS between $8.85 and $9.25. Despite challenges, Avery Dennison is targeting continued growth in Intelligent Labels and has recently strengthened its balance sheet by returning $618 million to shareholders while maintaining a net debt to adjusted EBITDA ratio of 2.2.

Avery Dennison Corporation (NYSE: AVY) announced it will host its fourth quarter and full year 2022 earnings conference call via live webcast on February 2, 2023, at 1:00 p.m. ET. A news release detailing the earnings will be issued the same day at 6:45 a.m. ET. The event will be accessible on Avery Dennison's Investor Relations website, where a replay will also be available. Avery Dennison is a global materials science company with reported sales of $8.4 billion in 2021, specializing in labeling and functional materials used across various industries.

Avery Dennison Corporation (NYSE: AVY) announced that CEO Mitch Butier will participate in a fireside chat hosted by Bank of America on December 8 at 11:00 AM ET. The event will be webcast live, with a replay available on Avery Dennison's Investor Relations website. The company specializes in materials science, designing and manufacturing labeling and functional materials used across various industries, employing approximately 36,000 people worldwide and reporting sales of $8.4 billion in 2021.