Avery Dennison (AVY) Misses Q2 EPS by 14c, Misses on Revenue; Offers Q3 EPS Guidance

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Go back to Avery Dennison (AVY) Misses Q2 EPS by 14c, Misses on Revenue; Offers Q3 EPS Guidance

Avery Dennison Announces Second Quarter 2023 Results

July 25, 2023 6:45 AM EDT

Highlights:

2Q23 Net sales of $2.1 billion Sales change ex. currency (non-GAAP) down 10% Organic sales change (non-GAAP) down 10% 2Q23 Reported EPS of $1.24 Increased accrual for legacy legal matter; preparing for appeal Adjusted EPS (non-GAAP) of $1.92, up 13% sequentially 3Q23 Reported EPS guidance of $1.70 to $1.90 Adjusted EPS guidance of $2.00 to $2.20

MENTOR, Ohio--(BUSINESS WIRE)-- Avery Dennison Corporation (NYSE: AVY) today announced preliminary, unaudited results for its second... More