Last $49.19 USD
Change Today +0.14 / 0.29%
Volume 448.9K
AVY On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

avery dennison corp (AVY) Snapshot

Open
$49.07
Previous Close
$49.05
Day High
$49.21
Day Low
$48.65
52 Week High
04/4/14 - $52.24
52 Week Low
10/15/14 - $40.58
Market Cap
4.5B
Average Volume 10 Days
683.4K
EPS TTM
$2.70
Shares Outstanding
91.1M
EX-Date
12/1/14
P/E TM
18.2x
Dividend
$1.40
Dividend Yield
2.60%
Current Stock Chart for AVERY DENNISON CORP (AVY)

avery dennison corp (AVY) Related Businessweek News

View More BusinessWeek News

avery dennison corp (AVY) Details

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide. It operates through Pressure-Sensitive Materials, and Retail Branding and Information Solutions segments. The Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, tapes, and performance polymers. This segment markets its products under the Fasson, JAC, and Avery Dennison brands to label printers and converters for labeling, decorating, fastening, and electronic data processing applications in the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market industries. The Retail Branding and Information Solutions segment provides branding and information solutions include creative services, brand embellishments, graphic tickets, tags, labels, and sustainable packaging solutions; and information solutions, such as price ticketing and marking, brand protection, security solutions, and compliance solutions, as well as radio-frequency identification-enabled inventory accuracy, visibility, and loss prevention solutions. This segment serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company also offers pressure-sensitive adhesive products for surgical, wound care, ostomy, and electromedical applications to medical supply and device manufacturers, and healthcare providers. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.

26,000 Employees
Last Reported Date: 02/26/14
Founded in 1935

avery dennison corp (AVY) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $1.1M
President, Chief Operating Officer and Chief ...
Total Annual Compensation: $571.3K
President of Retail Branding & Information So...
Total Annual Compensation: $555.8K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $487.8K
Compensation as of Fiscal Year 2013.

avery dennison corp (AVY) Key Developments

Avery Dennison Corporation Announces Executive Changes

Avery Dennison Corporation announced that its board of directors has elected Mitchell R. Butier as president and chief operating officer, effective November 1, 2014. Mr. Butier, 43, has been the company's senior vice president and chief financial officer since June 2010, and will continue to serve as CFO until a successor is named. As COO, Butier will be responsible for the company's operations, with all business unit leaders reporting to him. Donald A. Nolan, president of the Materials Group, will leave the company after a brief transition period. As a result, Butier will assume direct oversight of the materials businesses as of November 1, 2014.

Avery Dennison Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2014; Revises Earnings Guidance for the Full Year of 2014

Avery Dennison Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported net sales of $1,559.6 million against $1,504.9 million a year ago. Operating income from continuing operations before interest expense and taxes was $116.6 million against $90.8 million a year ago. Income from continuing operations before taxes was $101.2 million against $74.8 million a year ago. Income from continuing operations was $65.0 million or $0.68 per diluted share against $62.0 million or $0.62 per diluted share a year ago. Net income was $64.3 million or $0.68 per diluted share against $46.5 million or $0.47 per diluted share a year ago. Adjusted operating income from continuing operations before interest expense and taxes (non-GAAP) was $124.4 million against $116.5 million a year ago. Adjusted operating income from continuing operations (non-GAAP) was $73.0 million or $0.77 per diluted share against $69.0 million or $0.69 per diluted share a year ago. Net cash provided by operating activities was $190.4 million against $49.0 million a year ago. Purchases of property, plant and equipment was $33.3 million against $29.2 million a year ago. Adjusted operating income (non-GAAP) was $118.7 million against $115 million a year ago. For the nine months, the company reported net sales of $4,725.5 million against $4,556.1 million a year ago. Operating income from continuing operations before interest expense and taxes was $312.5 million against $308.4 million a year ago. Income from continuing operations before taxes was $266.1 million against $265.4 million a year ago. Income from continuing operations was $181.0 million or $1.87 per diluted share against $199.6 million or $1.98 per diluted share a year ago. Net income was $178.0 million or $1.84 per diluted share against $173.1 million or $1.72 per diluted share a year ago. Adjusted operating income from continuing operations before interest expense and taxes (non-GAAP) was $366.1 million against $341.3 million a year ago. Adjusted operating income from continuing operations (non-GAAP) was $214.2 million or $2.22 per diluted share against $200.5 million or $1.99 per diluted share a year ago. Net cash provided by operating activities was $200.2 million against $95.7 million a year ago. Purchases of property, plant and equipment was $100.8 million against $79.1 million a year ago. The company has modestly lowered its guidance for full-year adjusted earnings per share growth to approximately 13%. Based on the factors listed and other assumptions, the company expects 2014 earnings per share from continuing operations of $2.60 to $2.65. Excluding an estimated $0.40 per share for restructuring costs and other items, the company expects adjusted (non-GAAP) earnings per share from continuing operations of $3.00 to $3.05. The company expects full year free cash flow of less than $300 million. The full year tax rate is to be comparable to 2013.

Avery Dennison Seeks Acquisitions

Avery Dennison Corporation (NYSE:AVY) is looking for acquisition opportunities. Mitch Butier, Senior Vice President and Chief Financial Officer of very Dennison Corporation, said, "We said back in May 2014, at the investor meetings, that we were looking at potentially some small bolt-on acquisitions."

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
AVY:US $49.19 USD +0.14

AVY Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Bemis Co Inc $39.74 USD +0.01
Lexmark International Inc $43.06 USD +0.03
RPM International Inc $47.81 USD +0.13
Sealed Air Corp $39.12 USD +0.01
Toshiba TEC Corp ¥849.00 JPY +8.00
View Industry Companies
 

Industry Analysis

AVY

Industry Average

Valuation AVY Industry Range
Price/Earnings 21.1x
Price/Sales 0.7x
Price/Book 3.5x
Price/Cash Flow 20.2x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact AVERY DENNISON CORP, please visit www.averydennison.com. 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.