Avery Dennison Corp Stock Price, News & Analysis

Avery Dennison Corporation (NYSE: AVY) has appointed Bill Wagner as a director, effective October 27, 2022. Wagner, 55, is a seasoned leader with extensive experience in technology, previously serving as president and CEO of GoTo Group, a global SaaS firm with $1.3 billion in revenues for fiscal 2021. His expertise in emerging digital technologies is expected to enhance Avery Dennison's Intelligent Labels platform, driving innovation and growth. This appointment is seen as a strategic move to strengthen leadership amid ongoing advancements in digital solutions.

Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.75 per share, set to be paid on December 21, 2022. Shareholders of record on December 7, 2022 will receive the dividend. Avery Dennison is a global leader in materials science, focusing on the development of labeling and functional materials across various industries. The company reported $8.4 billion in sales for 2021 and employs approximately 36,000 people in over 50 countries.

Avery Dennison Corporation (NYSE:AVY) reported its third-quarter results for 2022, showing a 38% increase in reported EPS to $2.70 and a 15% rise in adjusted EPS to $2.46. Net sales grew by 11.8% to $2.3 billion, with organic sales growth at 15.5%. The company has narrowed its FY 2022 EPS guidance to $9.65 to $9.80 from a previous range of $9.60 to $9.90. Significant sales growth was noted in Label and Graphic Materials and Retail Branding, while Industrial and Healthcare Materials saw a 2% decrease in sales. Both operating margin and adjusted EBITDA demonstrated solid performance.

Avery Dennison Corporation (NYSE: AVY) has announced key upcoming investor events. The third quarter 2022 earnings conference call is set for October 26 at 1:00 p.m. ET, with the earnings release at 6:45 a.m. ET. Additionally, Mitch Butier, CEO, will present at Baird's Global Industrial Conference on November 8 at 11:15 a.m. ET. Both events will be available via webcast, with replays accessible on the company's Investor Relations website.

Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.75 per share. This dividend will be payable on September 21, 2022, to shareholders recorded as of September 7, 2022. The company reported sales of $8.4 billion in 2021 and specializes in materials science, providing a variety of labeling, bonding, and RFID solutions across multiple industries.

Avery Dennison Corporation (NYSE:AVY) reported a strong second quarter for 2022, with an EPS of $2.61 and adjusted EPS of $2.64. Net sales reached $2.3 billion, an increase of 11.7%, with organic sales growth at 11.3%. Despite challenges like tight supply chains and inflation, the company raised its FY 2022 EPS guidance to $9.60-$9.90 from $9.35-$9.75. Segment results showed growth in Label and Graphic Materials and Retail Branding and Information Solutions. The company returned $386 million in cash to shareholders, reflecting a commitment to shareholder value.

Avery Dennison Corporation (NYSE: AVY) will host its second quarter 2022 earnings conference call via live webcast on July 27, 2022, at 10:30 a.m. ET. An earnings news release will be issued earlier that day at 6:45 a.m. ET. The company's product offerings include labeling and functional materials for various industries, with reported sales of $8.4 billion in 2021. Investors can access the live webcast and future replays on the company's Investor Relations website.

Alurx has appointed Dr. Erum Ilyas, a Board Certified Dermatologist, and Dr. Alexis Peraino, a Board Certified Internist, to its Medical & Expert Council. Both doctors bring extensive experience and a commitment to wellness and disease prevention. Dr. Ilyas is recognized for her work in dermatology and has founded a line of sun-protective clothing. Dr. Peraino focuses on exercise physiology and preventive care. Together, they will contribute to Alurx's mission of developing wellness products and providing expert guidance.

Avery Dennison (NYSE:AVY) is enhancing its commitment to the Internet of Things (IoT) by partnering with Wiliot, a pioneer in IoT technology. This strategic collaboration aims to scale up the production of second-generation Wiliot tags, which are small computers that provide connectivity and intelligence when attached to various products. The integration of Wiliot's sensing services with Avery Dennison's atma.io platform enhances data connectivity and supports sustainable supply chains. This partnership is set to leverage Avery Dennison's market development expertise and significantly boost the manufacturing capacity of Wiliot tags.