Avery Dennison(US:AVY)2025-01-30 19:29Financial Performance Highlights - Full year 2024 net sales reached $8.8 billion[11] - Full year 2024 adjusted EPS grew by 19% to $9.43[11] - The company generated $700 million in adjusted free cash flow, a $108 million increase compared to the previous year[12] - The company returned $525 million to shareholders through dividends and share repurchases[12] - Q4 2024 adjusted EPS increased by 10% to $2.38[23] Sales Growth Analysis - Full year sales change ex currency increased by 5.1%, and organic sales change increased by 4.5%[11] - Q4 sales change ex currency was up 3.5%, with organic sales change up 3.3%[23] - Intelligent Labels sales reached $0.9 billion, with organic growth of approximately 9%[15] Margin Performance - Full year adjusted EBITDA margin increased by 130 bps to 16.4%, and adjusted operating margin also increased by 130 bps to 12.8%[13] - Q4 adjusted EBITDA margin increased by 40 bps to 16.4%, and adjusted operating margin also increased by 40 bps to 12.8%[25] 2025 Outlook - The company expects adjusted EPS of $9.80 to $10.20 in 2025, representing approximately 10% growth ex currency[20] - The company anticipates organic sales growth of 3.0% to 4.0% in 2025[20] - The company is targeting approximately 100% adjusted free cash flow conversion, with fixed and IT capital spending of approximately $250 million[44]