Avery Dennison Reports Q3 2026 Results with Raised Full-Year Earnings Guidance
Avery Dennison (AVY) reported third-quarter net sales of $2.3 billion, a 5.2% increase driven by price realization and volume growth. The company achieved organic sales growth of 3.7%, supported by strong performance in high-value categories and the integration of Taylor Adhesives. Despite these gains, adjusted EBITDA margins saw a slight contraction to 15.8% due to raw material pricing pass-throughs. Management raised its full-year adjusted EPS guidance midpoint to reflect strong year-to-date execution. While the Materials Group showed robust growth, the Solutions Group faced headwinds from currency translation and slower-than-expected inventory destocking in Europe and Asia. The company remains focused on digital identification adoption and long-term technology investments through its venture portfolio.
Topics: Adjusted EPS EBITDA Margin Free Cash Flow Net Sales Organic Sales Growth Restructuring Savings