Last $48.79 USD
Change Today -0.31 / -0.63%
Volume 470.4K
As of 8:04 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

avery dennison corp (AVY) Snapshot

Open
$48.86
Previous Close
$49.10
Day High
$49.02
Day Low
$48.54
52 Week High
04/4/14 - $52.24
52 Week Low
10/8/13 - $42.01
Market Cap
4.6B
Average Volume 10 Days
591.5K
EPS TTM
$2.67
Shares Outstanding
93.7M
EX-Date
08/29/14
P/E TM
18.3x
Dividend
$1.40
Dividend Yield
2.50%
Current Stock Chart for AVERY DENNISON CORP (AVY)

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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.

avery dennison corp (AVY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $571.3K
President of Materials Group
Total Annual Compensation: $608.4K
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 Resignation of Charles H. Noski as Board of Director

On and effective July 31, 2014, Charles H. Noski notified the chairman of the board of Directors of Avery Dennison Corporation that he was resigning from the company's board of directors.

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.

 

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