Group 1 - Avery Dennison Corporation is a significant player in the labelling and packaging industry, valued at $17.6 billion [1] - The company is focusing on the future by enhancing its capabilities to digitally tag physical products, which is expected to add value to its offerings [1] Group 2 - The article emphasizes the importance of fundamental financial ratios and metrics for gaining clear insights into investment opportunities [1]

Group 1: Investor Day Highlights - Avery Dennison Corporation (AVY) hosted its 2024 Investor Day, with shares gaining 3.1% as the company affirmed its long-term targets of over 5% sales growth, adjusted EBITDA margin exceeding 16%, and around 10% adjusted EPS growth from 2020 to 2025 [1] Group 2: Intelligent Labels Outlook - The Materials segment is expected to be driven by attractive packaging and e-commerce expansion, increasing demand for labels [2] - The growth rate for Intelligent Labels has been adjusted to 15%, down from a previous estimate of 15% to 20%, due to destocking impacts in apparel and a lower demand outlook from logistics customers [2] Group 3: Long-term Financial Targets - The company targets more than 5% sales growth (excluding currency effects) and aims for an adjusted EBITDA margin exceeding 17% by 2028, along with around 10% adjusted EPS growth in the long term [3] Group 4: Capital Allocation Strategy - Avery Dennison plans to allocate approximately $8 billion in capital over the next five years for organic growth and M&A, with 50-55% designated for share repurchases and M&A, and around 20% for dividend expansion [4] - In the first half of 2024, the company returned $177 million to shareholders through share repurchases and dividends, repurchasing 0.2 million shares [4] Group 5: Fiscal 2024 Guidance - For the second quarter of 2024, Avery Dennison reported adjusted earnings of $2.42 per share, reflecting a 26% year-over-year growth, with total revenues increasing by 6.9% to $2.24 billion [5] - The company updated its full-year adjusted EPS guidance to $9.30-$9.50, indicating a year-over-year growth of 19% at the midpoint [5] Group 6: Stock Performance - Avery Dennison shares have outperformed the industry, gaining 21.8% over the past year compared to the industry's growth of 19.3% [6]

Avery Dennison (AVY) shares soared 3.1% in the last trading session to close at $215.77. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.6% loss over the past four weeks.Shares of Avery Dennison have gained since the company hosted its investor day on Wednesday. The company announced that it is on track to meet its 2020-2025 financial targets, driven by sales growth, strong margins, and solid capital efficiency.The company is e ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging. Avery Dennison (AVY) is highlighted as a promising growth stock with a favorable Growth Score and a strong Zacks Rank [1][6]. Group 1: Earnings Growth - Historical EPS growth rate for Avery Dennison is 6.2%, but projected EPS growth for this year is 19.7%, significantly outperforming the industry average of 3.1% [3]. Group 2: Asset Utilization Ratio - Avery Dennison has an asset utilization ratio (sales-to-total-assets ratio) of 1.05, indicating that the company generates $1.05 in sales for every dollar in assets, compared to the industry average of 0.85. Additionally, sales are expected to grow by 5.1% this year, while the industry average is 0% [4]. Group 3: Earnings Estimate Revisions - Current-year earnings estimates for Avery Dennison have been revised upward, with the Zacks Consensus Estimate increasing by 0.2% over the past month, indicating a positive trend in earnings estimate revisions [5]. Group 4: Overall Positioning - Avery Dennison has achieved a Growth Score of B and a Zacks Rank of 2 due to positive earnings estimate revisions, positioning the company well for potential outperformance in the growth stock category [6].

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Gr ...

Avery Dennison Corporation (NYSE:AVY) Q2 2024 Results Conference Call July 23, 2024 12:00 PM ET Company Participants John Eble - Vice President, Finance and Investor Relations Deon Stander - President and Chief Executive Officer Gregory Lovins - Senior Vice President and Chief Financial Officer Conference Call Participants John McNulty - BMO Capital Markets Ghansham Panjabi - Baird George Staphos - Bank of America Michael Roxland - Truist Securities Josh Spector - UBS Matt Roberts - Raymond James Jeff Zekau ...

Avery Dennison Corporation (AVY) has delivered adjusted earnings of $2.42 per share in second-quarter 2024, beating the Zacks Consensus Estimate of $2.25. The bottom line marked 26% year-over-year growth.Including one-time items, the company has reported earnings per share (EPS) of $2.18 compared with the year-ago quarter’s $1.24.Total revenues grew 6.9% year over year to $2.24 billion, beating the Zacks Consensus Estimate of $2.18 billion.Cost of sales in the quarter grew 2.3% year over year to $1.57 billi ...

Avery Dennison (AVY) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $1.92 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.56%. A quarter ago, it was expected that this maker of office products would post earnings of $2.15 per share when it actually produced earnings of $2.29, delivering a surprise of 6.51%.Over the last four quarters, ...

Exhibit 99.1 For Immediate Release Highlights: ● 2Q24 Reported EPS of $2.18, up 76% ¡ 2Q24 Adjusted EPS (non-GAAP) of $2.42, up 26% ● 2Q24 Net sales of $2.2 billion, up 7% ¡ Sales change ex. currency (non-GAAP) up 8% ¡ Organic sales change (non-GAAP) up 7% ● FY24 EPS guidance ¡ Revising Reported EPS guidance of $8.75 to $8.95 (previously $8.60 to $9.10) ¡ Raising Adjusted EPS guidance of $9.30 to $9.50 (previously $9.00 to $9.50) MENTOR, Ohio, July 23, 2024 – Avery Dennison Corporation (NYSE:AVY) today anno ...

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