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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 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.
Avery Dennison (NYSE: AVY) has announced participation in a virtual fireside chat at the BMO 2021 Growth & ESG Conference on December 8, 2021, from 11:00 AM ET to 11:45 AM ET. The discussion will feature Greg Lovins, CFO, and Deon Stander, VP & GM of Retail Branding and Information Solutions. A webcast of the event will be available and a replay can be accessed later on Avery Dennison's Investor Relations website. The company reported sales of $7.0 billion in 2020 and employs over 32,000 individuals globally.
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.
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