AVY · 10-Q · 2026Q2

Avery Dennison Corp

Filed 2026-08-04 · Other · View original filing on EDGAR

Ranked Events

• Operating Cash Flow TrendsImportance 69 · Surprise 64
  Six-month operating cash flow increased to $544.7 million from $192.5 million, a $352.2 million improvement. The increase primarily reflected changes in operational working capital and lower incentive-compensation…
• Capital Return ProgramImportance 68 · Surprise 56
  Avery Dennison paid $148.5 million of dividends during the first six months of 2026, up from $142.9 million in the prior-year period. Dividends paid per share increased to $1.94 from $1.82, after the quarterly dividend…
• Income Tax Rate ChangesImportance 62 · Surprise 58
  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…
• Quarterly Dividend DeclarationImportance 57 · Surprise 50
  Avery Dennison paid $148.5 million of dividends during the first six months of 2026, compared with $142.9 million in the same period of 2025. In April 2026, the company increased its quarterly dividend from $0.94 to…
• Interest Rate PressureImportance 56 · Surprise 58
  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…
• Segment ProfitabilityImportance 54 · Surprise 40
  Materials Group six-month adjusted operating income increased 13.8% to $538.2 million from $472.8 million, while second-quarter adjusted operating income rose 17.1% to $284.0 million. Materials profitability benefited…
• Operating Expense TrendsImportance 54 · Surprise 40
  Six-month marketing, general and administrative expense increased 10.1% to $769.9 million from $699.4 million. Second-quarter marketing, general and administrative expense rose 12.0% to $394.8 million from $352.4…
• Gross Margin DriversImportance 54 · Surprise 40
  Six-month gross profit increased to $1,394.2 million from $1,260.6 million, a $133.6 million improvement. Gross profit benefited from higher volume, favorable foreign currency translation, pricing and raw-material…
• Revenue Performance and MixImportance 49 · Surprise 32
  Six-month net sales increased to $4,761.4 million from $4,368.8 million, representing 9.0% year-over-year growth. Second-quarter net sales rose to $2,462.9 million from $2,220.5 million, or 10.9%, while organic sales…
• Acquisition / Partnership / DivestitureImportance 47 · Surprise 60
  Avery Dennison made an approximately $75 million minority investment in Wiliot Ltd. during the first six months of 2026. The investment was funded with a combination of cash and commercial paper borrowings. The company…
• Headcount / RestructuringImportance 46 · Surprise 42
  Avery Dennison recorded $34.7 million of restructuring charges for 2026 actions during the six months ended June 30, 2026. The actions reduced approximately 600 positions and included severance, related costs, and…
• Liquidity and Debt PositionImportance 42 · Surprise 14
  Cash and cash equivalents totaled $227.3 million at June 30, 2026, with most cash held by foreign subsidiaries, primarily in Asia Pacific. Total debt decreased approximately $55 million to $3.68 billion, primarily…
• FX / Currency HeadwindsImportance 37 · Surprise 32
  International operations generated approximately 69% of net sales during the six months ended June 30, 2026, leaving results exposed to foreign-exchange movements across the company’s global markets. Foreign currency…
• Manufacturing and CapacityImportance 30 · Surprise 14
  Avery Dennison invested in equipment during the first six months of 2026 to support growth and improve productivity across both reportable segments. Materials Group investments targeted the U.S., Ireland, Luxembourg,…
• Capital ExpendituresImportance 30 · Surprise 14
  Avery Dennison spent $67.5 million on property, plant and equipment during the first six months of 2026, compared with $66.0 million in the prior-year period. Materials Group investments supported growth and…
• Products and TechnologyImportance 25 · Surprise 32
  Intelligent-label sales increased at a low-single-digit organic rate company-wide in the second quarter and first six months of 2026. Solutions Group growth was concentrated in high-value categories, which increased at…
• Geographic Market CommentaryImportance 17 · Surprise 24
  Materials Group demand was strongest in Europe, the Middle East and North Africa, where organic sales increased at a mid-teens rate in the second quarter. North America and Asia Pacific each delivered high-single-digit…
• Market Demand TrendsImportance 17 · Surprise 24
  Avery Dennison reported higher organic volume in the second quarter of 2026, partly driven by customer inventory stocking and pricing actions, although unfavorable mix reduced the benefit. Materials Group organic sales…

Revenue by Product (in millions)

Revenue by Geography (in millions)