NYSE$AVY

Avery Dennison Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Avery Dennison's Q2 2024 results were announced, demonstrating significant earnings growth driven by higher volume and productivity gains.

Avery Dennison reported a strong second quarter with a 7% increase in net sales to $2.2 billion and a 26% increase in adjusted EPS to $2.42. The company raised its full-year outlook for adjusted earnings per share.

  • Reported EPS increased by 76% to $2.18.
  • Adjusted EPS (non-GAAP) increased by 26% to $2.42.
  • Net sales increased by 7% to $2.2 billion.
  • Full-year adjusted EPS guidance was raised to $9.30 to $9.50.

Headline financials

Total Revenue

$2.24B

Previous: $2.09B+6.9%
EPS

$2.18

Previous: $1.92+13.5%
Adjusted Operating Margin

12.9%

No prior period
Capital Expenditures

-$96.3M

Previous: -$116M+16.9%
Free Cash Flow

$80.5M

Previous: -$15.5M+619.4%
Net Income

$177M

Previous: $100M+76.1%
Operating Income

$261M

Previous: $213M+22.6%
Gross Profit

$663M

Previous: $553M+19.8%
Cash & Equivalents

$209M

Previous: $217M-3.8%
Total Assets

$8.3B

Previous: $8.27B+0.4%
Stock-Based Comp

$9.9M

Previous: $1.7M+482.4%

Revenue & EPS history

Avery Dennison · Revenue · Quarterly

$2.24B

Q2 2024+6.9%vs Q2 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

Avery Dennison has revised its full-year guidance for reported earnings per share and raised its guidance range for adjusted earnings per share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.9%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+1.3%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+10.1%

Q2 2022

Best reaction

-8.3%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-1.2%-2.6%
Q4 2025+2.8%+1.4%-3.8%
Q3 2025+9.5%+10.4%+4.2%
Q2 2025+1.7%+1.7%-1.9%
Q1 2025-2.6%-2.6%+1.6%
Q4 2024-5.4%-5.3%-2.6%
Q3 2024-3.5%-2.5%-4.6%
Q2 2024-4.2%-4.7%-3.6%
Q1 2024+2.8%+3.3%+7.4%
Q4 2023-0.9%-2.6%+7.7%
Q3 2023-1.3%-0.3%+9.6%
Q2 2023+1.7%+3.9%+2.2%
Q1 2023-0.8%+2.3%-4.6%
Q4 2022-5.5%-4.2%-4.3%
Q3 2022-4.8%-4.2%+8.7%
Q2 2022+10.1%+10.9%+9.9%
Q1 2022+7.5%+7.1%+0.1%
Q4 2021-6.4%-12.1%-18.8%
Q3 2021+1.6%+3.5%+1.0%
Q2 2021+2.3%+2.5%+10.3%
Q1 2021+5.1%+4.6%+8.0%
Q3 2020+4.9%+3.7%+9.8%
Q2 2020-2.3%-5.9%-3.9%
Q1 2020-3.7%-6.8%-3.5%
Q4 2019+5.3%+3.7%-11.4%
Q3 2019+6.6%+7.7%+9.1%
Q2 2019+3.8%+4.4%+2.4%
Q1 2019-6.5%-5.5%-12.7%
Q4 2018+5.8%+5.0%+11.1%
Q3 2018-8.3%-9.1%-4.7%
Q2 2018+9.1%+9.2%+2.3%
Q1 2018+0.8%-0.6%+2.9%
Q4 2017+2.6%-3.0%-1.8%
Q3 2017+6.0%+6.5%+12.9%
Q2 2017-1.7%-2.1%-1.1%
Q1 2017+1.4%+1.4%+2.3%
Q4 2016+9.6%+8.9%+12.0%
Q3 2016-7.1%-7.9%-5.4%
Q2 2016+8.7%+7.8%+7.8%
Q1 2016+1.0%
Q4 2015+7.5%
Q3 2015+1.1%
Q2 2015+0.8%
Q1 2015+7.2%
Q4 2014-0.8%
Q3 2014+2.4%
Q2 2014-2.7%
Q1 2014-5.3%
Q4 2013-3.8%
Q3 2013+8.6%
Q2 2013-1.1%
Q1 2013+0.6%
Q4 2012+6.6%
Q3 2012+9.1%
Q2 2012+5.9%
Q1 2012-0.4%
Q4 2011+0.2%
Q3 2011-3.5%
Q2 2011-1.1%
Q4 2008+1.1%
Q1 2011-1.2%
Q3 2010+0.2%
Q3 2009+0.2%
Q2 2010-4.5%
Q4 2010-4.5%
Q2 2009-4.5%
Q1 2010-1.9%

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