AVY · 10-Q · 2026Q2 · Full report
Interest Rate Pressure
Avery Dennison Corp · 2026-08-04 · Importance 56 · Surprise 58 · In source text
Interest expense increased to $71.5 million in the first six months of 2026 from $64.9 million in the comparable 2025 period, an increase of approximately 10%. The increase primarily reflected the €500 million of senior notes issued in September 2025, partially offset by lower commercial paper borrowings. Avery Dennison expects higher interest expense to affect its 2026 results and had $3.68 billion of total debt at June 30, 2026.
Key facts
- We issued €500 million of senior notes in September 2025, which contributed to increased interest expense in 2026. source
- Company expects higher interest expense to contribute to 2026 results based on recent rates. source
- Interest expense for the six months ended June 30, 2026: $71.5 million. source
- Interest expense for the three months ended June 30, 2026: $35.9 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | — | We issued €500 million of senior notes in September 2025, which contributed to increased interest expense in 2026. |
| net_income | negative | probable | — | Company expects higher interest expense to contribute to 2026 results based on recent rates. |