Avery Dennison Reports Q2 2026 Earnings with Strong Sales and Profit Growth
Avery Dennison (AVY) reported strong financial results for its second-quarter fiscal year 2026, driven by robust sales growth and improved profitability. The company achieved $2.3 billion in revenue, an 11% increase from the prior year due to organic growth of 8%, foreign currency tailwinds, and contributions from recent acquisitions like Taylor Adhesives. Adjusted earnings per share (EPS) rose 19% to $2.89, supported by higher volumes and productivity gains despite increased employee-related costs. The company also benefited from a $0.25-per-share impact due to customer inventory stocking in Europe and Asia aimed at mitigating raw material inflation. Avery Dennison's Materials Group saw 10% organic growth with strong pricing realization, while the Solutions Group grew by 3%. However, its Intelligent Labels platform experienced mixed results as gains in apparel were offset by declines in logistics. The company raised full-year adjusted EPS guidance to $10.00–$10.30 and returned over $200 million to shareholders through share repurchases and dividends.
Tickers: $AVY
Topics: acquisition_impact adjusted_eps foreign_currency_impact organic_growth sales