Skip to Content

Avery Dennison Corp - Stock Quote AVY

Rating as of

Morningstar's Avery Dennison Corp Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Avery Dennison Reports Strong Revenue Growth Despite Lower Volume; Inflation Weighs on Margins

Analyst Note

| Brian Bernard, CFA, CPA |

Avery Dennison reported solid financial performance in the first quarter on strong end market demand and increased selling prices. Organic sales increased roughly 13% year over year and were up almost 8% sequentially. Adjusted operating margins decreased 170 basis points to 12%, driven by raw material inflation and rising operating costs. While we see incremental improvements through the year, we think additional pricing action will be necessary across most of its business.

Read Full Analysis

Avery Dennison Corp's Company Profile

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
Sector Industrials
Industry Business Equipment & Supplies
Most Recent Earnings Mar 31, 2022
Fiscal Year End Jan 1, 2023
Stock Type Cyclical
Employees 36,000