Financial Performance - FY25 reported EPS was $8.79, with adjusted EPS of $9.53, reflecting a 1% increase year-over-year[4] - FY25 net sales reached $8.9 billion, also up 1% compared to the previous year[4] - 4Q25 reported EPS was $2.15, while adjusted EPS increased by 3% to $2.45[4] - 4Q25 net sales totaled $2.3 billion, marking a 4% increase year-over-year[4] - Total net sales for 2025 reached $8,855.5 million, a 1.1% increase compared to 2024's $8,755.7 million[28] - Total net sales for the three months ended December 31, 2025, were $2,271.2 million, an increase from $2,185.7 million for the same period in 2024, representing a growth of 3.9%[50] Cash Flow and Shareholder Returns - The company generated over $700 million in adjusted free cash flow during FY25[3] - The company returned $861 million to shareholders in FY25 through dividends and share repurchases[11] - The company reported adjusted free cash flow of $707.1 million, up from $699.5 million in the previous year[28] - Adjusted free cash flow for the three months ended December 31, 2025, was $302.6 million, compared to $279.5 million for the same period in 2024, reflecting an increase of 8.2%[48] Profitability Metrics - Adjusted operating income for 2025 was $1,123.8 million, a slight increase of 0.2% from $1,122.1 million in 2024, with margins at 12.7%[28] - Adjusted EBITDA for the year was $1,452.0 million, up 1.2% from $1,434.3 million, maintaining a margin of 16.4%[28] - Adjusted operating income for the three months ended December 31, 2025, was $281.5 million, compared to $279.9 million for the same period in 2024, reflecting a slight increase[45] - Adjusted EBITDA for the twelve months ended December 31, 2025, was $1,452.0 million, up from $1,434.3 million for the twelve months ended December 28, 2024, indicating a growth of 1.2%[45] Income and Margins - Reported net income for 2025 was $688.0 million, down 2.4% from $704.9 million in 2024, with adjusted net income at $746.3 million, a decrease of 1.9%[28] - Adjusted net income for the three months ended December 31, 2025, was $189.4 million, compared to $191.4 million for the same period in 2024, showing a decrease of 1.0%[47] - Adjusted net income per common share for the three months ended December 31, 2025, was $2.45, an increase from $2.38 for the same period in 2024, representing a growth of 2.9%[47] Debt and Leverage - The net debt to adjusted EBITDA ratio was 2.4x at the end of 4Q25, indicating a strong balance sheet[12] - Long-term debt rose to $3,210.0 million from $2,559.9 million, indicating increased leverage[32] - The company's total debt stood at $3,732.9 million, with net debt calculated at $3,530.1 million after accounting for cash and cash equivalents of $202.8 million[54] - The net debt to adjusted EBITDA ratio for the last twelve months (LTM) was 2.4[54] Operational Efficiency - Cost reduction actions in 2025 resulted in over $60 million in pre-tax savings[14] - High-value categories now account for approximately 45% of total revenue, driving outsized growth[5] Group Performance - The Materials Group reported net sales of $6,093.3 million, reflecting a 1.3% increase, while the Solutions Group saw a 0.7% increase to $2,762.2 million[28] - The Materials Group reported net sales of $1,547.0 million for the three months ended December 31, 2025, an increase from $1,472.0 million for the same period in 2024, reflecting a growth of 5.1%[50] - Adjusted operating income for the Materials Group was $219.3 million for the three months ended December 31, 2025, compared to $217.5 million for the same period in 2024[52] - Adjusted EBITDA for the Solutions Group was $128.8 million for the three months ended December 31, 2025, reflecting an increase from $127.2 million in the prior year[52] Tax and Currency Impact - The adjusted tax rate for the three months ended December 31, 2025, was 23.6%, compared to 25.7% for the same period in 2024, indicating a decrease in the effective tax burden[47] - The company experienced a foreign currency translation impact of (1.7)% on reported net sales for the three months ended December 31, 2025[56]

Core Insights - Avery Dennison Corporation reported solid full-year results for 2025, with an adjusted EPS of $9.53, indicating the durability of its business model [1] Financial Performance - The company announced preliminary, unaudited results for its fourth quarter and full year ended December 31, 2025 [1] - Non-GAAP financial measures referenced in the release are reconciled from GAAP in the attached financial schedules [1]

We came across a bullish thesis on Avery Dennison Corporation on MaxDividends’s Substack. In this article, we will summarize the bulls’ thesis on AVY. Avery Dennison Corporation's share was trading at $185.38 as of January 29th. AVY’s trailing and forward P/E were 20.98 and 17.51 respectively according to Yahoo Finance. Charts Avery Dennison Corporation operates as a materials science and digital identification solutions company in the United States, Europe, the Middle East, North Africa, Asia, Latin Am ...

Core Insights - Avery Dennison Corporation (AVY) is set to report its fourth-quarter 2025 results on February 4, 2026, with expected revenues of $2.29 billion, reflecting a 4.9% increase year-over-year [1] - The earnings consensus estimate for AVY is $2.40 per share, indicating a slight year-over-year rise of 0.8% [1] Revenue and Earnings Estimates - The Zacks Consensus Estimate for AVY's fourth-quarter revenues is $2.29 billion, which represents a 4.9% increase from the previous year [1] - The Materials Group segment is projected to see a revenue increase of 5.2% to $1.55 billion, driven by growth in base business and specialty labels [4][7] - The Solutions Group segment's revenues are expected to reach $746 million, marking a 4.5% increase year-over-year [8] Earnings Performance History - Avery Dennison has beaten the Zacks Consensus Estimates in three of the last four quarters, with an average surprise of 0.9% [2] Cost Factors and Margin Impact - Higher raw material, labor, and freight costs are anticipated to negatively impact the company's margins, although productivity improvements and cost-saving measures may offset some of these effects [6] Stock Performance - AVY shares have increased by 3.3% over the past year, contrasting with a 4.8% decline in the industry [9]

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Avery Dennison (AVY) due to higher revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - Avery Dennison is expected to report quarterly earnings of $2.40 per share, reflecting a year-over-year increase of +0.8% [3]. - Revenues are projected to be $2.29 billion, which is a 4.9% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.16% over the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate for Avery Dennison is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.46% [12]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation from the consensus estimate, with positive readings being more predictive of earnings beats [9][10]. - Avery Dennison's current Zacks Rank is 3, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, Avery Dennison exceeded the expected earnings of $2.32 per share by delivering $2.37, resulting in a surprise of +2.16% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Despite the potential for an earnings beat, various factors can influence stock movement, making it essential to consider other elements beyond just earnings results [15][17].

Core Viewpoint - Avery Dennison Corporation will host its fourth quarter and full year 2025 earnings conference call on February 4, 2026, at 11:00 a.m. ET, with the earnings release scheduled for approximately 6:45 a.m. ET on the same day [1] Group 1 - The earnings conference call will be webcast live, and a replay will be available on the company's website [1]

Core Insights - Food waste is a significant and hidden challenge in the global retail supply chain, with economic costs projected to reach $540 billion by 2026, up from $526 billion last year [2][7] - On average, food waste accounts for 33% of total revenues in the food retail supply chain annually [3] - A report by Avery Dennison highlights that 61% of businesses lack full visibility into food waste across their operations, indicating a need for innovation and collaboration [4] Economic Impact - The cumulative cost of food waste from 2025 to 2030 is expected to reach $3.4 trillion, coinciding with the UN's Sustainable Development Goal 12.3 to halve global food waste by 2030 [7] - Meat waste is projected to result in $94 billion in lost output across the global supply chain in 2026, with fresh produce following closely at $88 billion [10] Industry Challenges - 67% of businesses predict that meat waste during the holiday season will noticeably reduce their margins, with 69% stating that managing this issue has become a bigger operational concern [11] - Economic volatility and shifting consumer demands are exacerbating food waste issues, with 74% of retailers admitting inflation complicates demand prediction for fresh meat [12][13] Opportunities for Growth - Over 73% of business leaders view tackling food waste as a growth opportunity, emphasizing the need to address the $540 billion in lost value [14] - The report calls for uncovering blind spots in the supply chain to reduce loss, build resilience, and create lasting value for businesses and the planet [14]

Core Viewpoint - Avery Dennison Corporation (AVY) is a global materials science and digital identification solutions company with a market cap of $14.1 billion, serving various industries including retail, apparel, logistics, food, pharmaceuticals, and automotive [1] Financial Performance - Analysts project AVY to report an adjusted EPS of $2.41 for fiscal Q4 2025, reflecting a 1.3% increase from $2.38 in the same quarter last year [2] - For fiscal 2025, adjusted EPS is expected to be $9.50, a slight increase from $9.43 in fiscal 2024, with a forecasted growth of 9.8% year-over-year to $10.43 in fiscal 2026 [3] Stock Performance - Avery Dennison shares have seen a marginal decline over the past 52 weeks, underperforming the S&P 500 Index's gain of 16.9% and the State Street Materials Select Sector SPDR ETF's return of 10.9% [4] - On October 22, shares rose by 9.5% after the company reported Q3 2025 adjusted EPS of $2.37, exceeding Wall Street estimates due to cost cuts and price increases [5] Investor Sentiment - The company's Q4 adjusted EPS outlook is positive, ranging from $2.35 to $2.45, and the launch of new RFID sensor labels for fresh food in collaboration with Walmart has further boosted investor confidence [6] - Analysts maintain a cautiously optimistic view on AVY stock, with a "Moderate Buy" rating; among 13 analysts, eight recommend a "Strong Buy," one a "Moderate Buy," and four a "Hold," with an average price target of $202.58 indicating a potential upside of 11% [7]

Core Viewpoint - Jiangtian Technology is set to go public with an issuance price of 21.21 yuan per share, focusing on integrated solutions for label printing products, which are widely used in daily consumer sectors such as beverages, personal care, and food [2] Group 1: Company Overview - Jiangtian Technology specializes in the research, production, and sales of label printing products, providing customized solutions for material selection, color and ink schemes, and process design [2] - The company's main products include film and paper-based self-adhesive labels [2] Group 2: Financial Performance - From 2022 to the first half of 2025, sales to Yangshengtang and Nongfu Spring are projected to be 113 million yuan, 205 million yuan, 190 million yuan, and 128 million yuan, with revenue share increasing from 29.40% to 42.02% [2][4] Group 3: Supplier Relationships - Avery Dennison is the largest raw material supplier for Jiangtian Technology, with procurement amounts of 97.17 million yuan, 114 million yuan, 125 million yuan, and 62.49 million yuan from 2022 to the first half of 2025, accounting for 44.99%, 40.24%, 41.51%, and 36.34% of total raw material procurement respectively [4] Group 4: Fundraising and Investment Plans - Jiangtian Technology aims to raise 531 million yuan, with funds allocated for the construction of an intelligent production line for packaging printing products and a technology research and development center [6] - The intelligent production line project will require an investment of 503 million yuan and will be built in Wujiang District, Suzhou, covering an area of 37,680.13 square meters, with an expected annual production capacity increase of approximately 81.29 million square meters of label products [7]

Company Overview - Avery Dennison Corporation (AVY) is valued at a market cap of $13.4 billion and is based in Mentor, Ohio, specializing in materials science and digital identification solutions [1] - The company produces pressure-sensitive labeling materials, packaging solutions, branding and information tags, and industry-leading Radio-Frequency Identification (RFID) inlays [1][2] Market Position - AVY is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size and influence in the packaging & containers industry [2] - The company is recognized for its expertise in advanced adhesives, sustainable packaging innovations, and technologies that connect physical products with digital data, serving various industries including retail, logistics, food, healthcare, automotive, and consumer goods [2] Stock Performance - Currently, AVY is trading 12.8% below its 52-week high of $203.06, reached on December 11, 2024 [3] - Over the past three months, AVY shares have gained 7.5%, outperforming the S&P 500 Index's 5.4% rise during the same period [3] - Year-to-date, AVY shares are down 5.4%, while the S&P 500 has returned 17.1% [4] - In the past 52 weeks, AVY has fallen 12.1%, lagging behind the S&P 500's 14.1% increase [4] Recent Financial Performance - On October 22, AVY shares surged 9.5% following better-than-expected Q3 earnings results [5] - The company's overall revenue improved 1.5% year-over-year to $2.2 billion, slightly surpassing analyst expectations [5] - Adjusted EPS increased 1.7% from the year-ago quarter to $2.37, beating consensus estimates by 2.2% [5]