Avery Dennison (AVY) Reports In-Line Q3 EPS; Offers Guidance

Avery Dennison (NYSE: AVY) reported Q3 EPS of $2.46, in-line with the analyst estimate of $2.46. Revenue for the quarter came in at $2.32 billion versus the consensus estimate of $2.3 billion.

GUIDANCE:

Avery Dennison sees FY2022 EPS of $9.65-$9.80, versus the consensus of $9.90.

Excluding an estimated $0.05 per share related to restructuring charges and other items, the company narrowed its guidance range for adjusted earnings per share from $9.70 to $10.00 to $9.70 to $9.85, including an incremental $0.10 currency translation headwind.

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

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