Per the Federal Reserve’s report, industrial production rebounded 0.4% each in February and March 2024, following a 0.8% dip in January. However, the overall performance for the first quarter of 2024 showed a decline at an annual rate of 1.8%. In March 2024, the Institute for Supply Management’s manufacturing index was 50.3% — the first expansion in 16 months. Despite this uptick, the index averaged 49% for the January-March quarter. The New Orders Index displayed two months of expansion (with a reading of ...

Investors are always looking for stocks that are poised to beat at earnings season and Avery Dennison Corporation (AVY) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Avery Dennison is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Avery Dennison (AVY) . This company, which is in the Zacks Office Supplies industry, shows potential for another earnings beat.When looking at the last two reports, this maker of office products has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 0.96%, on average, in the last two ...

Avery Dennison Corporation (AVY) is scheduled to report first-quarter 2024  results before the opening bell on Apr 24.Q1 EstimatesThe Zacks Consensus Estimate for first-quarter total sales is pegged at $2.15 billion, suggesting growth of 4% from the prior-year quarter’s reported figure. The consensus mark for the company’s earnings per share is pinned at $2.15, indicating a year-over-year increase of 26.5%.Q4 PerformanceAvery Dennison’s revenues and earnings increased year over year in the fourth quarter of ...

MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY) today announced that Ryan Yost has been appointed president, Materials Group. “Ryan most recently led the transformation of our Identification Solutions business and the acceleration of our Vestcom business as vice president and general manager, driving significant growth in the logistics, food and retail market segments,” said Avery Dennison president and CEO Deon Stander. “As president of the Materials Group, he will continue to focu ...

MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY) today announced that its board of directors has appointed Maria Fernanda Mejia a director, effective February 22, 2024. Mejia, 60, is the retired CEO, International, for Newell Brands Inc., a leading American manufacturer, marketer and distributor of consumer and commercial products, with $8.1 billion in fiscal 2023 revenues. Mejia joined Newell Brands Inc. from the Kellogg Company where she was senior vice president and president of K ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-7685 AVERY DENNISON CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 95-1492269 (State of Incorporation ...

Key PointsOld Dominion Freight Lines is an aggressive distribution growth stock on the verge of correction. Avery Dennison offers better value and yield; it's also on the verge of correction. Lennox International has a long path of distribution increases ahead; its price may also correct soon. 5 stocks we like better than Old Dominion Freight LineDividend growth stocks are attractive for many reasons, including their payments, increasing yield on capital, and insulation from market volatility, but there is ...

Avery Dennison Corporation (NYSE:AVY) Q4 2023 Earnings Conference Call January 31, 2024 1:00 PM ET Corporate Participants John Eble - Vice President of Finance and Investor Relations Deon Stander - President and Chief Executive Officer Greg Lovins - Senior Vice President and Chief Financial Officer Conference Call Participants Ghansham Panjabi - Robert W. Baird John McNulty - BMO Capital Markets Bryan Burgmeier - Citigroup Global Markets George Staphos - BofA Securities Mike Roxland - Truist Securities Jeff ...

Core Insights - Avery Dennison Corporation (AVY) reported adjusted earnings of $2.16 per share for Q4 2023, surpassing the Zacks Consensus Estimate of $2.15, with a year-over-year increase of 31% [1] - Total revenues for the quarter rose 4.2% year-over-year to $2.11 billion, exceeding the Zacks Consensus Estimate of $2.09 billion [1] - The company expects adjusted EPS for 2024 to be between $9.00 and $9.50 [5] Financial Performance - The company reported earnings per share (EPS) of $1.77 including one-time items, compared to $1.51 in the same quarter last year [1] - Gross profit increased by 19.2% year-over-year to $596 million, while the cost of sales decreased by 0.7% to $1.51 billion [1] - Adjusted operating profit was approximately $261 million, up from $188 million in the prior-year quarter, with an adjusted operating margin of 12.4% compared to 9.3% [1] Segment Performance - Revenues in the Materials Group segment declined 1.6% year-over-year to $1.42 billion, missing estimates, while adjusted operating profit increased 31.9% to $198 million [2] - The Solutions Group saw revenues rise 18.3% year-over-year to $692 million, significantly exceeding estimates, with adjusted operating income up 51.6% to $80.5 million [2] Shareholder Returns and Debt - The company returned $394 million to shareholders through share repurchases and dividends in 2023, repurchasing 0.8 million shares [3] - Cash and cash equivalents at the end of 2023 were $215 million, up from $167 million at the end of 2022, while long-term debt increased to $2.62 billion [3] Annual Performance - Adjusted EPS for 2023 decreased 14% year-over-year to $7.90 but exceeded estimates, while total revenues fell 7.5% to $8.36 billion, also surpassing expectations [4] Stock Performance - Shares of AVY have increased by 6.8% over the past year, compared to the industry's growth of 15% [6]