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Avery Dennison Corp AVY Stock Quote

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Morningstar‘s Stock Analysis AVY

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Avery Dennison Posts Strong Organic Growth in Q3 but Persistent Inflation Pressures Margins

Spencer Liberman Equity Analyst

Analyst Note

| Spencer Liberman |

Narrow-moat-rated Avery Dennison reported solid third-quarter results that were largely in line with our expectations. Organic sales increased over 15% year over year on resilient end market demand. Adjusted operating margins came in at 12.4%, which was flat year over year as Avery's previous pricing actions were offset by higher input and operating costs. We expect additional selling price increases across Avery's product portfolio as it works to combat rising costs.

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Key Statistics AVY

Company Profile AVY

Business Description

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

207 Goode Avenue
Glendale, CA, 91203
T +1 626 304-2000
Industry Business Equipment & Supplies
Most Recent Earnings Sep 30, 2022
Fiscal Year End Jan 1, 2023
Employees 36,000