NYSE$AVY
Avery Dennison Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Avery Dennison's financial performance improved in Q4 2023, with EPS and sales exceeding expectations, driven by growth in the Solutions Group and recovery in Label Materials.
Avery Dennison reported a 4% increase in net sales to $2.1 billion in Q4 2023. Reported EPS was $1.77, and adjusted EPS (non-GAAP) increased by 31% to $2.16. The Materials Group experienced a sales decrease, while the Solutions Group saw significant growth. The company expects strong earnings growth in 2024.
- Q4 2023 reported EPS was $1.77.
- Q4 2023 adjusted EPS (non-GAAP) increased 31% to $2.16.
- Q4 2023 net sales increased 4% to $2.1 billion.
- The company is targeting significant growth in Intelligent Labels in 2024.
Headline financials
Revenue & EPS history
Avery Dennison · Revenue · Quarterly
$2.11B
Forward guidance
The company expects 2024 reported earnings per share of $8.65 to $9.15. Excluding an estimated $0.35 per share impact of restructuring charges and other items, the company expects 2024 adjusted earnings per share of $9.00 to $9.50.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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