Avery Dennison Corp Stock Price, News & Analysis

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.

Avery Dennison Corporation (NYSE: AVY) has announced an increase in its quarterly dividend, now set at $0.75 per share, reflecting a 10% rise from the previous rate. This dividend for the second quarter will be paid on June 15, 2022, to shareholders of record as of June 1, 2022. In 2021, Avery Dennison reported sales of $8.4 billion, showcasing its position as a leading global materials science company.

Avery Dennison (NYSE:AVY) reported a strong first quarter of 2022, achieving an EPS of $2.39 and an adjusted EPS of $2.40. Net sales surged by 14.5% to $2.3 billion, with an organic growth of 12.7%. The company raised its FY 2022 EPS guidance to a range of $9.35 to $9.75 from the previous $9.25 to $9.65. Despite challenges like COVID-19 and inflation, Avery Dennison remains optimistic about strong overall growth, backed by solid performance across its segments, especially in Label and Graphic Materials and Retail Branding. Operating margins faced pressure from inflationary costs.

Avery Dennison Corporation (NYSE: AVY) has announced key upcoming investor events. The first quarter 2022 earnings conference call is scheduled for April 26th at 12:00 p.m. ET, with earnings news released at 6:45 a.m. ET. This event will be available via live webcast. Additionally, management will attend the BMO Chemical and Packaging Conference in New York City on June 22nd. Avery Dennison is a global leader in materials science, with reported sales of $8.4 billion in 2021, employing approximately 36,000 individuals worldwide.

Avery Dennison Corporation (NYSE:AVY) has appointed Deon Stander as president and chief operating officer, effective March 1, 2022. Stander, who has served as vice president and general manager of the Retail Branding and Information Solutions division since June 2015, is recognized for transforming the RBIS business and leading the company’s sustainability efforts. In his new role, he will oversee global operations, reporting directly to Mitch Butier, chairman and CEO. This leadership change is aimed at enhancing Avery Dennison’s growth strategies and stakeholder value.

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.

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.

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.

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.