Last $47.21 USD
Change Today -0.64 / -1.34%
Volume 1.1M
AVY On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

avery dennison corp (AVY) Key Developments

Avery Dennison Declares Quarterly Dividend, Payable on September 17, 2014

The Board of Directors of Avery Dennison Corporation has declared a quarterly cash dividend of $0.35 per share. The dividend is payable September 17, 2014, to shareholders of record on September 3, 2014.

Avery Dennison Corporation Announces Preliminary Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

Avery Dennison Corporation announced preliminary unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on GAAP basis, the company reported net sales of $1,615.8 million compared to $1,552.3 million a year ago. Income from continuing operations before taxes was $77.1 million compared to $109.5 million a year ago. Income from continuing operations was $44.4 million or $0.46 diluted per share compared to $70.8 million or $0.70 diluted per share a year ago. Net income was $42.5 million or $0.44 diluted per share compared to $68.8 million or $0.68 diluted per share a year ago. Adjusted operating income from continuing operations before interest expense and taxes (non-GAAP) was $131.2 million against $124.0 million a year ago. Adjusted non-GAAP net income from continuing operations was $77.5 million or $0.80 diluted per share against $71.8 million or $0.71 diluted per share a year ago. Free cash flow from continuing operations was roughly $100 million in the quarter, $20 million more than last year due to the improved operating results and the sale of assets, including the company’s corporate headquarters building in Pasadena. For the six months period, on GAAP basis, the company reported net sales of $3,165.9 million compared to $3,051.2 million a year ago. Income from continuing operations before taxes was $164.9 million compared to $190.6 million a year ago. Income from continuing operations was $116.0 million or $1.19 diluted per share compared to $137.6 million or $0.36 diluted per share a year ago. Net income was $113.7 million or $1.17 diluted per share compared to $126.6 million or $1.25 diluted per share a year ago. Net cash provided by operating activities was $9.8 million compared to $46.7 million a year ago. Purchases of property, plant and equipment was $67.5 million compared to $49.9 million a year ago. Adjusted operating income from continuing operations before interest expense and taxes (non-GAAP) was $241.7 million against $224.8 million a year ago. Adjusted non-GAAP net income from continuing operations was $141.2 million or $1.45 diluted per share against $131.5 million or $1.30 diluted per share a year ago. The company expects 2014 earnings per share from continuing operations of $2.65 to $2.75. Excluding an estimated $0.35 per share for restructuring costs and other items, the company expects adjusted (non-GAAP) earnings per share from continuing operations of $3.00 to $3.10. The company continue to anticipate the full year tax rate to be comparable to last year. The company expects to deliver free cash flow of approximately $300 million in 2014 versus its previous guidance, which had a floor of $300 million for the year.

Avery Dennison Corporation to Report Q2, 2014 Results on Jul 25, 2014

Avery Dennison Corporation announced that they will report Q2, 2014 results at 8:30 AM, US Eastern Standard Time on Jul 25, 2014

Avery Dennison Corporation, Q2 2014 Earnings Call, Jul 25, 2014

Avery Dennison Corporation, Q2 2014 Earnings Call, Jul 25, 2014

Avery Dennison Mulls Acquisitions

Avery Dennison Corporation (NYSE:AVY) is looking for acquisitions. Dean Scarborough, Chairman, Chief Executive Officer and President of Avery said, "Now, I just want to talk for a minute about M&A. On the previous couple of slides -- couple of slides previous when we saw the target for $200 million, less than $200 million for M&A and we haven't spent any yet. But we are a little bit more active in looking for potential bolt-on, small acquisitions in the material space on acquisitions that will either enhance our growth rate or improve margins. But basically, that would be very synergistic acquisitions. And frankly, most of the things that we're looking at in that space are small, just by the nature of the market and the types of companies that we're looking at”.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AVY:US $47.21 USD -0.64

AVY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bemis Co Inc $39.01 USD -0.38
Lexmark International Inc $48.03 USD -0.74
RPM International Inc $44.18 USD -1.10
Sealed Air Corp $32.12 USD -0.58
Toshiba TEC Corp ¥684.00 JPY +1.00
View Industry Companies
 

Industry Analysis

AVY

Industry Average

Valuation AVY Industry Range
Price/Earnings 21.1x
Price/Sales 0.7x
Price/Book 3.2x
Price/Cash Flow 22.5x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AVERY DENNISON CORP, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.