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Avery Dennison Corp (AVY.N)

AVY.N on New York Stock Exchange

119.30USD
25 Sep 2020
Change (% chg)

$1.94 (+1.65%)
Prev Close
$117.36
Open
$116.20
Day's High
$119.72
Day's Low
$116.20
Volume
134,570
Avg. Vol
178,454
52-wk High
$141.02
52-wk Low
$77.17

Latest Key Developments (Source: Significant Developments)

Avery Dennison Announces Q2 Adjusted Non-Gaap Earnings Per Share $1.27
Monday, 27 Jul 2020 

July 27 (Reuters) - Avery Dennison Corp ::AVERY DENNISON ANNOUNCES SECOND QUARTER 2020 RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.27.Q2 EARNINGS PER SHARE $0.95.Q2 SALES $1.53 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.52 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $1.13 -- REFINITIV IBES DATA.ANTICIPATE Q3 SALES DECLINE EX. CURRENCY OF 5% TO 7%.ANTICIPATE Q3 SALES DECLINE EX. CURRENCY OF 5% TO 7%."OUR STRATEGIC PRIORITIES ARE UNCHANGED".ALL MANUFACTURING SITES IMPACTED BY GOVERNMENT-MANDATED CLOSURES ARE NOW OPEN.AVERY DENNISON - CURRENTLY EXPECTS SALES AND EARNINGS TO DECLINE IN 2020 ON LOWER DEMAND, WITH Q2 REPRESENTING TROUGH.TARGETING TO DELIVER FREE CASH FLOW OF ABOUT $500 MILLION IN 2020.ESTIMATES INCREMENTAL SAVINGS FROM RESTRUCTURING ACTIONS OF $60 MILLION TO $70 MILLION DURING 2020.ANTICIPATES CARRYOVER SAVINGS OF APPROXIMATELY $70 MILLION IN 2021.Q3 REVENUE VIEW $1.63 BILLION -- REFINITIV IBES DATA.  Full Article

Avery Dennison Signs Agreement Transferring $750 Million In Pension Obligations To AIG Life & Retirement
Wednesday, 24 Apr 2019 

April 24 (Reuters) - American International Group Inc ::AVERY DENNISON SIGNS AGREEMENT TRANSFERRING $750 MILLION IN PENSION OBLIGATIONS TO AIG LIFE & RETIREMENT.AIG - AGREEMENT COVERS APPROXIMATELY 8,500 RETIREES, BENEFICIARIES, AND DEFERRED AND ACTIVE MEMBERS.  Full Article

Avery Dennison Says CEO Mitchell Butier's FY 2018 Total Compensation Was $8.71 Mln Versus $8.96 Mln In FY 2017
Friday, 8 Mar 2019 

March 8 (Reuters) - Avery Dennison Corp ::AVERY DENNISON CORP SAYS CEO MITCHELL BUTIER'S FY 2018 TOTAL COMPENSATION WAS $8.71 MILLION VERSUS $8.96 MILLION IN FY 2017 - SEC FILING.  Full Article

Avery Dennison Announces Transition In Board Leadership
Saturday, 2 Mar 2019 

March 1 (Reuters) - Avery Dennison Corp ::AVERY DENNISON ANNOUNCES TRANSITION IN BOARD LEADERSHIP.AVERY DENNISON CORP - PRESIDENT AND CEO MITCH BUTIER ELECTED TO REPLACE RETIRING CHAIRMAN DEAN SCARBOROUGH.AVERY DENNISON CORP - PRESIDENT AND CEO MITCH BUTIER ELECTED TO REPLACE RETIRING CHAIRMAN DEAN SCARBOROUGH.AVERY DENNISON CORP - DEAN SCARBOROUGH HAS INFORMED BOARD OF HIS INTENTION TO NOT STAND FOR REELECTION..  Full Article

Avery Dennison Prices $500 Mln Senior Notes Offering
Friday, 30 Nov 2018 

Nov 29 (Reuters) - Avery Dennison Corp ::AVERY DENNISON PRICES $500 MILLION SENIOR NOTES OFFERING.AVERY DENNISON - PRICED PUBLIC OFFERING OF $500 MILLION 4.875% SENIOR NOTES DUE 2028.  Full Article

Avery Dennison Announces Q3 Earnings Per Share $1.69
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Avery Dennison Corp ::AVERY DENNISON ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.45.Q3 EARNINGS PER SHARE $1.69.Q3 SALES $1.76 BILLION VERSUS I/B/E/S VIEW $1.75 BILLION.Q3 EARNINGS PER SHARE VIEW $1.47 -- THOMSON REUTERS I/B/E/S.FY18 REPORTED EPS GUIDANCE RAISED BY $0.07, REFLECTING REDUCTION IN RESTRUCTURING COST ESTIMATE.MAINTAINED GUIDANCE FOR FY18 ADJUSTED EPS, DESPITE INCREMENTAL SECOND HALF HEADWIND FROM CURRENCY TRANSLATION.LABEL AND GRAPHIC MATERIALS MARGIN IN QUARTER DECLINED IN FACE OF CONTINUED INFLATIONARY PRESSURE.COMPANY NOW EXPECTS 2018 REPORTED EARNINGS PER SHARE OF $4.57 TO $4.92.QTRLY RESULTS FOR INDUSTRIAL AND HEALTHCARE MATERIALS WERE "DISAPPOINTING",HURT BY DECLINE IN CHINA AUTOMOTIVE BUSINESS.RELATED TO AVERY DENNISON PENSION PLAN, CONTRIBUTED $200 MILLION TO PLAN DURING Q3 USING COMMERCIAL PAPER BORROWINGS.  Full Article