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Avery Dennison Corp AVY Stock Quote

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Morningstar‘s Stock Analysis AVY

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Economic Moat

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Avery Dennison Reports Strong Revenue and Margin Growth in Q2; Management Raises EPS Guidance

Spencer Liberman Equity Analyst

Analyst Note

| Spencer Liberman |

Narrow-moat-rated Avery Dennison reported strong second-quarter results that were driven by robust end-market demand and higher selling prices. Organic sales rose 11% year over year with all three segments reporting organic growth. Adjusted operating margins rose 50 basis points to 13.2% as selling price increases offset higher raw material and energy costs.

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Key Statistics AVY

Company Profile AVY

Business Description

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.

Contact
207 Goode Avenue
Glendale, CA, 91203
T +1 626 304-2000
Industry Business Equipment & Supplies
Most Recent Earnings Jun 30, 2022
Fiscal Year End Jan 1, 2023
Stock Type Cyclical
Employees 36,000