Avery Dennison (AVY) Tops Q2 EPS by 8c; Boosts FY16 EPS Outlook
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Avery Dennison Announces Second Quarter 2016 Results
July 26, 2016 6:45 AM EDT2Q16 Reported EPS of $0.88 Adjusted EPS (non-GAAP) of $1.09 2Q16 Net sales increased approx. 2 percent to $1.54 billion Organic sales growth (non-GAAP) of approx. 4% Repurchased 2.4 million shares (1.2 mil. net of dilution) and paid $70 million in dividends in the first half of 2016 Raised FY16 guidance midpoint for Reported EPS by $0.10 Raised FY16 guidance midpoint for Adjusted EPS (non-GAAP) by $0.05 Previously announced acquisition of Mactac Europe on track for August close... More
