Highlights:
- 1Q25 Reported EPS of $2.09
- Adjusted EPS of $2.30, up 0.4% and up ~4% ex. currency (non-GAAP)
- 1Q25 Net sales of $2.1 billion, down 0.1%
- Organic sales change (non-GAAP), up 2.3%
- 2Q25 Reported EPS guidance of $2.25 to $2.45
- 2Q25 Adjusted EPS guidance of $2.30 to $2.50
Avery Dennison Corporation has announced preliminary, unaudited results for its first quarter ended March 29, 2025. The company delivered a strong first quarter, in line with expectations, with both its Materials and Solutions Groups achieving strong results in a dynamic environment.
Deon Stander, president and CEO, praised the company’s strong track record of delivering strong results across cycles and expressed gratitude to its agile, engaged, and talented team for their focus on excellence and commitment to addressing challenges.
The company returned $331 million in cash to shareholders through share repurchases and dividends, with the share count down 2.3 million compared to the same time last year. The company continues to deploy capital discipline, executing its long-term capital allocation strategy, and its balance sheet remains strong.
The company expects second-quarter 2025 reported earnings per share of $2.25 to $2.45 and adjusted earnings per share of $2.30 to $2.50, excluding an estimated $0.05 per share impact of restructuring charges and other items.
The Materials Group reported a 1.1% decrease in sales to $1.5 billion, while the Solutions Group saw a 2% increase to $668 million. High-value categories, including Intelligent Labels, saw a 1.2% increase in sales. The operating margin was 15.3%.
The Solutions Group’s sales increased by 4.9% on an organic basis to $668 million, with sales in high-value categories, including Intelligent Labels, up low single digits. Intelligent Labels saw growth in apparel and food, partially offset by a decline in logistics.
Source: Print Electronics Now
Source: Avery Dennison
