AVY · 10-Q · 2026Q3 · Full report

Segment Profitability

Avery Dennison Corp · 2026-11-03 · Importance 55 · Surprise 32

Materials Group nine-month adjusted operating income rose 9.4% to $769.3 million from $702.9 million, on net sales of $5,089.9 million. Solutions Group adjusted operating income increased 2.2% to $209.4 million from $204.9 million, while net sales declined to $2,003.0 million from $2,038.0 million. Materials Group benefited from higher volume, pricing and raw-material cost benefits, productivity savings and favorable currency translation; Solutions Group benefited from productivity savings and pricing/raw-material cost benefits. Higher employee-related costs and growth investments partly offset Solutions Group’s gains.

Key facts

• Avery Dennison's net income increased from approximately $522 million in the first nine months of 2025 to approximately $542 million in the first nine months of 2026. source