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Avery Dennison Corp. (AVY)
NYSE:AVY
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Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$2.39Last Year’s EPS
$2.16Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2024
|% Change Since: -11.04%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with significant growth in key areas such as Intelligent Labels and strategic advancements with partners like Kroger. However, there were challenges in the European market and specific segments like logistics and Vestcom. Despite some regional and segment-specific hurdles, the company demonstrated resilience and raised its earnings outlook, indicating a positive trajectory overall.Company Guidance
During the third quarter earnings call for Avery Dennison (AVY) on October 23, 2024, the company raised its full-year earnings guidance to between $9.35 and $9.50 per share, targeting nearly 20% growth compared to the prior year. The third quarter delivered earnings per share of $2.33, surpassing expectations, with a 9% increase from the previous year. Sales rose by 5% excluding currency impact, with an adjusted EBITDA margin at 16.4%. Intelligent Labels showed mid-teens growth year-to-date, and the Materials Group experienced 4% organic sales growth. The company highlighted a strategic collaboration with Kroger in the food segment, marking a significant opportunity for future growth. Despite some logistics and drugstore channel softness, Avery Dennison remains confident in achieving 10% earnings growth over the cycle and maintaining top quartile returns.Earnings Per Share Exceed Expectations
Earnings per share for the quarter were $2.33, exceeding expectations, leading to an increase in full-year guidance to $9.35 to $9.50, targeting approximately 20% earnings growth compared to the prior year.
Strong Performance in Intelligent Labels
Intelligent Labels showed strong top-line growth, with enterprise-wide sales up mid-teens year-to-date, despite some uneven growth in logistics.
Strategic Collaboration with Kroger
A strategic collaboration with Kroger was announced to enhance customer and associate experience through RFID technology, starting with the bakery department. This represents a significant opportunity for growth in the food segment.
Solid Free Cash Flow Generation
The company generated strong free cash flow of $420 million through the first three quarters, up nearly $50 million compared to the prior year.
Resilience in Materials Group
Materials Group demonstrated resilience with solid volume growth and strong margins, despite some regional variances.
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AVY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AVY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $211.48 | $206.76 | -2.23% |
| Jul 23, 2024 | $222.32 | $218.74 | -1.61% |
| Apr 24, 2024 | $208.77 | $209.85 | +0.52% |
| Jan 31, 2024 | $198.06 | $196.30 | -0.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Avery Dennison Corp. (AVY) report earnings?
Avery Dennison Corp. (AVY) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Avery Dennison Corp. (AVY) earnings time?
Avery Dennison Corp. (AVY) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVY EPS forecast?
AVY EPS forecast for the fiscal quarter 2024 (Q4) is $2.39.
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