Avery Dennison Corp Stock Price, News & Analysis

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.

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.

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.

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.

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.

Avery Dennison Corporation (NYSE:AVY) reported strong preliminary results for Q2 2021, with revenue up 28% year-over-year and a significant acquisition of Vestcom for $1.45 billion. The Label and Graphic Materials segment saw sales of $1.4 billion, a 25% increase, while Retail Branding Solutions grew 80% to $529 million. Adjusted operating margins improved across segments. The company raised its EPS guidance for 2021 to between $8.50 and $8.80, reflecting robust demand despite ongoing supply chain challenges and inflationary pressures.

Avery Dennison (NYSE: AVY) has announced its agreement to acquire Vestcom for $1.45 billion in cash, pending regulatory approval. Vestcom specializes in pricing and labeling solutions, generating approximately $400 million in annual revenue with 1,200 employees. This acquisition, expected to close in Q3 2021, is projected to enhance Avery Dennison's portfolio, focusing on high-value categories and accelerating its Intelligent Labels strategy. The deal is anticipated to positively impact the company's 2022 EPS.

The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has announced a quarterly cash dividend of $0.68 per share. This dividend will be paid on September 15, 2021, to shareholders recorded by September 1, 2021. Avery Dennison, headquartered in Glendale, California, reported $7.0 billion in sales for 2020 and employs over 32,000 people across more than 50 countries, specializing in labeling and functional materials used in various industries.

Avery Dennison Corporation (NYSE: AVY) will conduct its second quarter 2021 earnings conference call on July 28, 2021, at 1:00 p.m. ET, following the release of its earnings report at 6:45 a.m. ET that morning. The event will be available via live webcast on Avery Dennison's Investor Relations website, where replays will also be accessible. Avery Dennison is a global materials science company known for labeling and functional materials, employing over 32,000 people across 50 countries, with reported sales of $7.0 billion in 2020.