Avery Dennison Corp is a global leader in labeling and packaging materials, providing innovative solutions that enhance brands and streamline operations for a diverse range of industries
The company specializes in the production of pressure-sensitive materials, adhesive products, and RFID (Radio Frequency Identification) technologies, catering to customers in sectors such as consumer goods, retail, logistics, and automotive. In addition to its commitment to sustainability and efficiency, Avery Dennison focuses on developing smart and connected products that meet the evolving needs of businesses and consumers alike, emphasizing customization and advanced technology throughout its offerings.
Let's have a look at what is happening on the US markets in the middle of the day on Thursday. Below you can find the top S&P500 gainers and losers in today's session.
Adhesive manufacturing company Avery Dennison (NYSEAVY) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 3.6% year on year to $2.19 billion. Its non-GAAP profit of $2.38 per share was 1.3% below analysts’ consensus estimates.
The US market is yet to commence its session on Thursday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
Avery Dennison reported a 3.5% sales growth for Q4, totaling $2.19 billion. Adjusted EPS of $2.38 met analysts' expectations. The Materials Group saw a 4% rise in sales, while Solutions Group grew by 3%.
Over the past six months, Avery Dennison’s stock price fell to $188.25. Shareholders have lost 15.5% of their capital, which is disappointing considering the S&P 500 has climbed by 6.6%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Looking back on industrial packaging stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Crown Holdings (NYSECCK) and its peers.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the industrial packaging stocks, including Avery Dennison (NYSEAVY) and its peers.
Adhesive manufacturing company Avery Dennison (NYSEAVY) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 4.1% year on year to $2.18 billion. Its non-GAAP profit of $2.33 per share wasalso in line with analysts’ consensus estimates.
