Avery Dennison (AVY) Tops Q4 EPS by 19c, FY21 EPS Guidance Beats

Avery Dennison (NYSE: AVY) reported Q4 EPS of $2.27, $0.19 better than the analyst estimate of $2.08. Revenue for the quarter came in at $1.99 billion versus the consensus estimate of $1.92 billion.

GUIDANCE:

Avery Dennison sees FY2021 EPS of $7.65-$8.05, versus the consensus of $7.31.

• In its supplemental presentation materials, “Fourth Quarter and Full Year 2020 Financial Review and Analysis,” the company provides a list of factors that it believes will contribute to its 2021 financial results. Based on the factors listed and other assumptions, the company expects 2021 reported earnings per share of $7.50 to $7.90.
• Excluding an estimated $0.15 per share impact of restructuring charges and other items, the company expects 2021 adjusted earnings per share of $7.65 to $8.05.

For earnings history and earnings-related data on Avery Dennison (AVY) click here.

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