Avery Dennison (AVY) Tops Q2 EPS by 17c
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Avery Dennison Announces Second Quarter 2020 Results
July 27, 2020 6:45 AM EDTHighlights:
2Q20 Reported EPS of $0.95 Adjusted EPS (non-GAAP) of $1.27 2Q20 Net sales declined 14.9% to $1.53 billion Sales change ex. currency (non-GAAP) of (12.0%) Organic sales change (non-GAAP) of (13.7%) Anticipate Q3 sales decline ex. currency of 5% to 7% Strong balance sheet (net debt to adj. EBITDA ratio of 2.1) with ample liquidity; strong annual free cash flow (~$500 mil.) targeted across range of scenariosGLENDALE, Calif.--(BUSINESS WIRE)-- Avery Dennison Corporation... More
