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Avery Dennison Corp (AVY.N)

AVY.N on New York Stock Exchange

93.91USD
16 Nov 2018
Change (% chg)

$1.89 (+2.05%)
Prev Close
$92.02
Open
$91.80
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$94.25
Day's Low
$91.80
Volume
275,275
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189,646
52-wk High
$123.50
52-wk Low
$86.11

Latest Key Developments (Source: Significant Developments)

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

Avery Dennison - Board Approved Termination Of Avery Dennison Pension Plan, Effective Sept 28
Wednesday, 11 Jul 2018 

July 11 (Reuters) - Avery Dennison Corp ::AVERY DENNISON - BOARD APPROVED TERMINATION OF AVERY DENNISON PENSION PLAN, EFFECTIVE AS OF SEPT 28.AVERY DENNISON CORP - TERMINATION OF PLAN IS EXPECTED TO SETTLE A LONG-TERM LIABILITY CURRENTLY ESTIMATED TO BE ABOUT $950 MILLION.AVERY DENNISON - THE TAX-QUALIFIED U.S. DEFINED BENEFIT PLAN IS CURRENTLY "UNDERFUNDED" BY ESTIMATED $240 MILLION ON A PLAN TERMINATION BASIS-SEC FILING.AVERY DENNISON CORP - CO PLANS TO BORROW COMMERCIAL PAPER TO CONTRIBUTE $200 MILLION IN CASH PRIOR TO AUGUST 15.AVERY DENNISON CORP - CO CURRENTLY ESTIMATES TOTAL NON-CASH CHARGE ASSOCIATED WITH TERMINATION OF PLAN TO BE BETWEEN $575 MILLION AND $600 MILLION.AVERY DENNISON- EXPECTS TERMINATION OF PENSION PLAN ACTIONS TO HAVE NO MATERIAL IMPACT ON ITS AVAILABLE CAPITAL OR CAPITAL ALLOCATION STRATEGY.AVERY DENNISON - ESTIMATES ABOUT $100 MILLION OF TOTAL NON-CASH CHARGE RELATED TO PLAN TERMINATION TO BE RECOGNIZED DURING Q4.  Full Article

Avery Dennison Increases Quarterly Dividend
Friday, 27 Apr 2018 

April 26 (Reuters) - Avery Dennison Corp ::AVERY DENNISON INCREASES QUARTERLY DIVIDEND.INCREASES QUARTERLY CASH DIVIDEND BY 16 PERCENT TO $0.52PER SHARE.  Full Article

Avery Dennison enters fourth amended and restated credit agreement - SEC filing​
Friday, 10 Nov 2017 

Nov 9 (Reuters) - Avery Dennison Corp ::Says on Nov 8, co entered fourth amended and restated credit agreement amending amended agreement dated as of October 3, 2014 - SEC filing​.Says under the credit agreement, company may borrow up to an aggregate of $800 million in revolving loans ‍​.Says ‍commitments under credit agreement may be increased by up to an aggregate of $300 million upon Company's request​.Says maturity date is Nov 8, 2022; however, company may request that commitments be extended for one-year periods under some conditions​.  Full Article

Avery Dennison sets quarterly cash dividend of $0.45 per share
Friday, 27 Oct 2017 

Oct 27 (Reuters) - Avery Dennison Corp - :Sets quarterly cash dividend of $0.45 per share.  Full Article

Avery Dennison reports Q3 earnings per share of $1.20
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Avery Dennison Corp :Avery Dennison announces third quarter 2017 results.Q3 sales $1.68 billion versus I/B/E/S view $1.65 billion.Q3 earnings per share $1.20.Q3 earnings per share view $1.21 -- Thomson Reuters I/B/E/S.Avery Dennison Corp - ‍raised FY17 guidance midpoint for reported and adjusted EPS by $0.10​.Avery Dennison Corp - qtrly organic sales growth (non-GAAP) of 5.3 percent​.Avery Dennison Corp - ‍expects 2017 reported earnings per share of $4.60 to $4.65​​.Avery Dennison Corp - ‍now expects adjusted earnings per share of $4.90 to $4.95​ for 2017.Avery Dennison Corp - ‍expects 2017 adjusted earnings per share non-gaap of $4.90 to $4.95​.FY2017 earnings per share view $4.83, revenue view $6.54 billion -- Thomson Reuters I/B/E/S.  Full Article