AVY · 10-Q · 2026Q3 · Full report

Headcount / Restructuring

Avery Dennison Corp · 2026-11-03 · Importance 46 · Surprise 42

Avery Dennison recorded $40.4 million of net restructuring charges during the nine months ended September 30, 2026 for its 2026 cost-reduction actions. The charges included severance and related costs associated with reducing approximately 690 positions, as well as asset impairment and lease-cancellation charges. The actions targeted operational-footprint optimization and workforce headcount, and productivity savings from restructuring actions contributed to higher gross profit and segment operating income, net of transition costs.

Key facts

• Avery Dennison recorded $40.4 million in restructuring charges, net of reversals, during the nine months ended September 30, 2026, for its 2026 cost reduction actions. source
• Avery Dennison's 2026 cost reduction actions included severance and related costs for reducing approximately 690 positions, as well as asset impairment and lease cancellation charges. source