4 minutes

Avery Dennison (NYSE: AVY) 1Q19 Results: Mixed Quarter, Reiterates Guidance, Growth and Margins to Improve Throughout 2019

Primary Analyst: Coresight Research
Contributors
Primary Analyst: Coresight Research
Other Contributors:
John Harmon, CFA, Managing Director of Technology Research
Company Earnings Update

Executive Summary

  • Avery Dennison reported 1Q19 revenues of $1.74 billion, down 2.0% year over year and slightly below the $1.77 billion consensus estimate. Adjusted EPS was $1.48, up 3.2% year over year and beating the consensus estimate by two cents.
  • Organic growth was 2.4%. Revenues in the retail branding and information solutions segment grew 3.2% year over year, whereas revenues in other segments declined.
  • The company reaffirmed its 2019 adjusted EPS guidance of $6.45–$6.70 (up 6%–10%.)

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