Avery Dennison (AVY) Tops Q1 EPS by 12c; Boosts FY15 adj.-EPS Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/23/2026
Go back to Avery Dennison (AVY) Tops Q1 EPS by 12c; Boosts FY15 adj.-EPS Outlook
April 29, 2015 8:32 AM EDT
GLENDALE, Calif.--(BUSINESS WIRE)--
Avery Dennison Corporation (NYSE: AVY) today announced that its Board of
Directors has elected Georges Gravanis as the Companys president,
Materials Group, effective May 1, 2015. The duties were previously
handled on an interim basis by Mitch Butier, president and chief
operating officer.
Georges is a seasoned international business leader with a tremendous
track record for delivering results in both mature and emerging
markets, said Butier. Under his leadership, the Materials Group Asia
Pacific team has achieved strong growth by executing our strategies to
deliver superior service, quality and... More
April 29, 2015 8:30 AM EDT
1Q15 Reported EPS of $0.77
Adjusted EPS (non-GAAP) of $0.81
1Q15 Net sales declined approximately 1 percent to $1.53 billion
Net sales up approximately 3 percent on organic basis
Returned $66 million to shareholders via share repurchases and
dividends
Updated FY15 Reported EPS guidance to $2.85 to $3.05, reflecting
higher anticipated restructuring charges and 1Q outperformance vs.
Company expectations
Increased Adjusted EPS (non-GAAP) guidance by $0.05 to $3.25 to
$3.45
GLENDALE, Calif.--(BUSINESS WIRE)--
Avery... More
