Avery Dennison(US:AVY)2020-11-11 18:54Financial Performance & Targets - The company targets more than $500 million in free cash flow for the year [8, 63] - The company increased dividend by 7% and resumed share repurchase late in the third quarter [8, 62] - The company is targeting 15-20% growth in its $500+ million revenue RFID platform [13] - The company achieved a world-class Recordable Incident Rate of 0.23 [22] Sales & Growth - 2019 net sales were $7.1 billion [9] - High Value Categories account for ~$2.7 billion of total sales [11] - Emerging Markets account for ~$2.3 billion of total sales [11] - RBIS sales were $1.7 billion in 2019 [46] - Enterprise RFID sales up ~20% on an organic basis in Q3, and up ~65% including Smartrac acquisition [57] Sustainability - The company reduced greenhouse gas emissions by more than 30% against 2015 baseline as of September 30, 2019 [22] - Over 88% of the company's paper is certified, with close to 79% of face paper being FSC-certified [22] - 94% of waste from operations was diverted from landfills and 65% of waste was recycled as of November 2019 [22]