Avery Dennison Announces First Quarter 2021 Results
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Avery Dennison (AVY) Tops Q1 EPS by 37c, Revenues Beat; Raises FY21 EPS Guidance Above Consensus
April 28, 2021 6:51 AM EDTAvery Dennison (NYSE: AVY) reported Q1 EPS of $2.40, $0.37 better than the analyst estimate of $2.03. Revenue for the quarter came in at $2.05 billion versus the consensus estimate of $1.93 billion.
Highlights:
1Q21 Reported EPS of $2.50, up 56%Adjusted EPS (non-GAAP) of $2.40, up 45%1Q21 Net sales increased 19.1% to $2.05 billionSales growth ex. currency (non-GAAP) of 10.9%Organic sales growth (non-GAAP) of 8.8%We are off to a strong start to the year, with earnings growth well above expectations, driven by higher volume and... More
