AVY · 10-Q · 2026Q2 · Full report

Income Tax Rate Changes

Avery Dennison Corp · 2026-08-04 · Importance 62 · Surprise 58 · In source text

The six-month effective tax rate increased to 28.8% from 26.4%, raising the provision for income taxes to $150.9 million from $127.2 million. The second-quarter effective tax rate increased to 27.8% from 26.0%, with tax provision rising to $78.6 million from $66.5 million. The year-to-date increase primarily reflected a net discrete charge from higher tax reserves related to a foreign court ruling affecting tax-group requirements. Management expects a full-year 2026 effective tax rate in the high-twenty-percent range.

Key facts

• Company expects a full-year effective tax rate in the high-twenty percent range for 2026. source
• Provision for income taxes for the six months ended June 30, 2026: $150.9 million. source
• Effective tax rate for the six months ended June 30, 2026: 28.8% compared to 26.4% in the same period last year. source
• Provision for income taxes for the three months ended June 30, 2026: $78.6 million. source
• Effective tax rate for the three months ended June 30, 2026: 27.8% compared to 26.0% in the same period last year. source

Impact estimates