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Avery Dennison Corp. (NYSE: AVY) is a global leader in the field of labeling and packaging materials and solutions. The company’s technologies and applications are vital components in a wide array of products across every major market and industry. Avery Dennison operates in more than 50 countries and boasts a diverse workforce of over 25,000 employees.
The company specializes in manufacturing pressure-sensitive materials, including labels and adhesive products that are used for branding and information labels across various sectors. Avery Dennison also produces merchandise tags and labels which play a crucial role in retail and logistics operations.
A notable segment of their business is the specialty converting business, which focuses on the production of radio-frequency identification (RFID) inlays and labels. These RFID solutions are integral in modern inventory management and supply chain operations, providing enhanced efficiency and tracking capabilities.
A significant portion of Avery Dennison’s revenue is generated from international markets, highlighting the company’s extensive global footprint. This international reach is supported by a combination of strategic partnerships and a commitment to continual innovation, ensuring they meet the evolving needs of their diverse client base.
Recently, Avery Dennison has been actively involved in several notable projects and initiatives. For example, the company has been expanding its capabilities in sustainable and intelligent packaging solutions, aligning with global trends towards environmentally friendly and efficient packaging options. Such initiatives not only demonstrate the company's commitment to sustainability but also position it as a forward-thinking leader in the industry.
News Highlights:
- Recent partnerships and collaborations enhancing their technological capabilities.
- Expansion of RFID technology applications in new industries.
- Financial performance updates indicating steady growth and profitability.
Avery Dennison (NYSE: AVY) has announced its second quarter 2024 earnings conference call, set for July 23rd at 12:00 p.m. ET. The earnings release will be issued earlier the same day at 6:45 a.m. ET.
The company will also hold its 2024 Investor Day on September 18th at 9:30 a.m. ET at the New York Stock Exchange. In-person attendance requires pre-registration due to space, while a live virtual webcast will be available for broader access. Replays of these events will be accessible on Avery Dennison's Investor Relations website.
Avery Dennison (NYSE: AVY) announced the appointment of Ward Dickson to its board of directors, effective June 1, 2024. Dickson, 61, previously served as executive vice president and CFO at WestRock Company, a packaging solutions firm with $20.3 billion in 2023 revenues. He also held a similar role at RockTenn Company and finance positions at Cisco Systems. Avery Dennison's board members highlighted his financial expertise and leadership experience across multiple industries. Dickson holds a BS in Business from Indiana University.
Avery Dennison (AVY) will be participating in investor events including BMO’s Farm to Market and Chemicals Conference and Baird’s Global Consumer, Technology and Services Conference. Greg Lovins, CFO, and Deon Stander, CEO, will be presenting. For more information, visit www.investors.averydennison.com.
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