|July 25, 2017||Avery Dennison Announces Second Quarter 2017 Results|
|2Q17 Reported EPS of $1.34
Adjusted EPS (non-GAAP) of $1.31
2Q17 Net sales increased ~6% to $1.63 billion
Sales change ex. currency (non-GAAP) of ~7%
Organic sales change (non-GAAP) of ~3%
Raised FY17 guidance midpoint for Reported and Adjusted EPS by $0.25
GLENDALE, Calif.--... |
|July 11, 2017||Avery Dennison to Webcast Second Quarter 2017 Earnings Conference Call|
|GLENDALE, Calif.--(BUSINESS WIRE)--Jul. 11, 2017--
Avery Dennison Corporation (NYSE:AVY) will host its second quarter 2017
earnings conference call in a live Webcast for investors, equity
analysts, portfolio managers and media representatives at 12:00 p.m.
Eastern Time/9:00 a.m. Pacific Time on Tuesday, July 25, 2017. The
webcast will follow the company's second quarter 2017 earnings news
release, which will be issued that morning at 6:45 a.m. Eastern Ti... |
|July 11, 2017||Avery Dennison Names Gregory S. Lovins as Senior Vice President and Chief Financial Officer|
|GLENDALE, Calif.--(BUSINESS WIRE)--Jul. 11, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced the appointment of
Gregory S. Lovins to senior vice president and chief financial officer,
This Smart News Release features multimedia. View the full release here:
Gregory S. Lovins, Senior Vice President and Chief Financial Officer, Avery Dennison Corporation. (Photo: Bus... |
|June 26, 2017||Avery Dennison Completes Acquisition of Yongle Tape Company Ltd.|
|GLENDALE, Calif.--(BUSINESS WIRE)--Jun. 26, 2017--
Avery Dennison Corporation (NYSE:AVY) today announced it has completed
the acquisition of Yongle Tape Company Ltd., a manufacturer of specialty
tapes and related products in a variety of industrial markets, from its
management and private equity firm ShawKwei & Partners.
Headquartered in China’s Hebei Province, with production facilities in
Zhuozhou and Shanghai, Yongle Tape is China’s leadin... |
| Investor Relations Contact Information|
|Avery Dennison Corporation|
207 Goode Avenue
Glendale, CA 91203
Phone: (626) 304-2000
Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but are not limited to, risks and uncertainties relating to the following: fluctuations in demand affecting sales to customers; worldwide and local economic conditions; changes in political conditions; changes in governmental laws and regulations; fluctuations in currency exchange rates and other risks associated with foreign operations, including in emerging markets; the financial condition and inventory strategies of customers; changes in customer preferences; fluctuations in cost and availability of raw materials; our ability to generate sustained productivity improvement; our ability to achieve and sustain targeted cost reductions; the impact of competitive products and pricing; loss of significant contracts or customers; collection of receivables from customers; selling prices; business mix shift; execution and integration of acquisitions and completion of potential dispositions; timely development and market acceptance of new products, including sustainable or sustainably-sourced products; investment in development activities and new production facilities; amounts of future dividends and share repurchases; customer and supplier concentrations; successful implementation of new manufacturing technologies and installation of manufacturing equipment; disruptions in information technology systems, including cyber-attacks or other intrusions to network security; successful installation of new or upgraded information technology systems; data security breaches; volatility of financial markets; impairment of capitalized assets, including goodwill and other intangibles; credit risks; our ability to obtain adequate financing arrangements and maintain access to capital; fluctuations in interest and tax rates; changes in tax laws and regulations, and uncertainties associated with interpretations of such laws and regulations; outcome of tax audits; fluctuations in pension, insurance, and employee benefit costs; the impact of legal and regulatory proceedings, including with respect to environmental, health and safety; protection and infringement of intellectual property; the impact of epidemiological events on the economy and our customers and suppliers; acts of war, terrorism, and natural disasters; and other factors.
We believe that the most significant risk factors that could affect our financial performance in the near-term include: (1) the impacts of global economic conditions and political uncertainty on underlying demand for our products and foreign currency fluctuations; (2) competitors' actions, including pricing, expansion in key markets, and product offerings; (3) the degree to which higher costs can be offset with productivity measures and/or passed on to customers through selling price increases, without a significant loss of volume; and (4) the execution and integration of acquisitions.
For a more detailed discussion of these and other factors, see “Risk Factors” and “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in our 2016 Form 10-K, filed on February 23, 2017 with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document, and we undertake no obligation to update these statements to reflect subsequent events or circumstances, other than as may be required by law.
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