Avery Dennison Corporation (AVY) Income Statement Analysis

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Complete financial analysis of Avery Dennison Corporation (AVY) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Avery Dennison Corporation, a leading company in the Business Equipment & Supplies industry within the Industrials sector.

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Avery Dennison Corporation (AVY)

Industry: Business Equipment & Supplies

Sector: Industrials

Website: https://www.averydennison.com

About Avery Dennison Corporation

Avery Dennison Corporation manufactures and markets pressure-sensitive materials and products in the United States, Europe, Asia, Latin America, and internationally. The company's Label and Graphic Materials segment offers pressure-sensitive label and packaging materials; and graphics and reflective products under the Fasson, JAC, Avery Dennison, and Mactac brands, as well as durable cast and reflective films. It provides its products to the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments; architectural, commercial sign, digital printing, and other related market segments; construction, automotive, and fleet transportation market segments, as well as traffic and safety applications; and sign shops, commercial printers, and designers. The company's Retail Branding and Information Solutions segment designs, manufactures, and sells brand embellishments, graphic tickets, tags and labels, and sustainable packaging solutions, as well as offers creative services; radio-frequency identification products; visibility and loss prevention solutions; price ticketing and marking solutions; care, content, and country of origin compliance solutions; and brand protection and security solutions. It serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers. The company's Industrial and Healthcare Materials segment offers tapes; pressure-sensitive adhesive based materials and converted products; medical fasteners; and performance polymers under the Fasson, Avery Dennison, and Yongle brands. It serves automotive, electronics, building and construction, general industrial, personal care, and medical markets. The company was formerly known as Avery International Corporation and changed its name to Avery Dennison Corporation in 1990. Avery Dennison Corporation was founded in 1935 and is headquartered in Glendale, California.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994	1993	1992	1991	1990	1989	1988	1987	1986	1985
Revenue	8.36B	9.04B	8.41B	6.97B	7.07B	7.16B	6.61B	6.09B	5.97B	6.33B	6.14B	6.04B	6.03B	6.51B	5.95B	6.71B	6.31B	5.58B	5.47B	5.34B	4.76B	4.21B	3.80B	3.89B	3.77B	3.46B	3.35B	3.22B	3.11B	2.86B	2.61B	2.62B	2.55B	2.59B	1.73B	1.58B	1.47B	1.13B	932.70M
Cost of Revenue	6.09B	6.64B	6.10B	5.05B	5.17B	5.24B	4.80B	4.39B	4.32B	4.68B	4.50B	4.46B	4.50B	4.69B	4.37B	4.98B	4.59B	4.05B	3.85B	3.76B	3.30B	2.85B	2.56B	2.40B	2.34B	2.19B	2.15B	2.09B	2.05B	1.85B	1.70B	1.69B	1.66B	1.69B	1.14B	1.02B	945.00M	730.10M	599.80M
Gross Profit	2.28B	2.40B	2.31B	1.92B	1.90B	1.92B	1.81B	1.70B	1.65B	1.65B	1.64B	1.58B	1.52B	1.83B	1.59B	1.73B	1.72B	1.53B	1.62B	1.58B	1.46B	1.35B	1.24B	1.49B	1.43B	1.27B	1.20B	1.13B	1.07B	1.01B	913.50M	932.10M	888.50M	898.40M	589.80M	558.70M	520.50M	401.10M	332.90M
Gross Profit Ratio	27.23%	26.60%	27.51%	27.59%	26.93%	26.76%	27.40%	27.93%	27.58%	26.08%	26.67%	26.13%	25.25%	28.04%	26.65%	25.74%	27.31%	27.41%	29.62%	29.57%	30.61%	32.18%	32.61%	38.25%	38.00%	36.76%	35.85%	35.12%	34.21%	35.37%	35.02%	35.54%	34.91%	34.68%	34.05%	35.32%	35.52%	35.46%	35.69%
Research & Development	135.80M	136.10M	136.60M	112.80M	92.60M	98.20M	93.40M	89.70M	91.90M	102.50M	96.00M	98.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	1.18B	1.19B	1.11B	0.00	0.00	0.00	1.12B	1.10B	1.11B	1.16B	0.00	1.18B	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling & Marketing	0.00	136.10M	136.60M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	1.18B	1.33B	1.25B	1.06B	1.08B	1.13B	1.12B	1.10B	1.11B	1.16B	1.18B	1.18B	1.17B	1.37B	1.27B	1.30B	1.18B	1.01B	1.13B	1.11B	1.03B	913.10M	830.50M	851.30M	842.60M	773.20M	739.80M	712.40M	689.80M	691.90M	642.70M	665.70M	653.90M	752.70M	385.30M	367.70M	359.50M	273.10M	219.00M
Other Expenses	0.00	10.00M	-1.50M	-6.10M	-445.20M	-174.70M	-36.50M	-65.20M	-68.30M	-68.20M	-36.60M	-69.40M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	156.90M	150.40M	127.20M	116.80M	113.40M	107.90M	102.50M	95.40M	93.90M	92.30M	90.10M	42.90M	39.30M	36.30M	26.60M	21.00M
Operating Expenses	1.28B	1.33B	1.25B	1.06B	1.08B	1.13B	1.12B	1.10B	1.11B	1.16B	1.18B	1.18B	1.17B	1.37B	1.27B	1.30B	1.18B	1.01B	1.13B	1.11B	1.03B	913.10M	830.50M	1.01B	993.00M	900.40M	856.60M	825.80M	797.70M	794.40M	738.10M	759.60M	746.20M	842.80M	428.20M	407.00M	395.80M	299.70M	240.00M
Cost & Expenses	7.41B	7.97B	7.34B	6.11B	6.25B	6.37B	5.92B	5.48B	5.43B	5.83B	5.68B	5.64B	5.68B	6.06B	5.64B	6.29B	5.77B	5.06B	4.99B	4.87B	4.34B	3.77B	3.39B	3.41B	3.33B	3.09B	3.00B	2.92B	2.85B	2.64B	2.43B	2.45B	2.40B	2.53B	1.57B	1.43B	1.34B	1.03B	839.80M
Interest Income	0.00	84.10M	70.20M	70.00M	75.80M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	119.00M	84.10M	70.20M	70.00M	75.80M	58.50M	63.00M	59.90M	60.50M	63.30M	59.00M	72.80M	71.00M	76.60M	85.30M	115.90M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	298.40M	290.70M	244.10M	205.30M	179.00M	181.00M	178.70M	180.10M	188.30M	201.60M	204.60M	220.60M	246.50M	247.60M	267.30M	278.40M	234.60M	197.90M	201.50M	188.20M	179.30M	152.80M	156.00M	156.90M	150.40M	127.20M	116.80M	113.40M	107.90M	102.50M	95.40M	93.90M	92.30M	90.10M	42.90M	39.30M	36.30M	26.60M	21.00M
EBITDA	1.11B	1.37B	1.31B	1.06B	557.50M	794.30M	829.40M	717.00M	657.70M	629.20M	631.50M	544.50M	546.20M	558.10M	-445.20M	737.30M	774.50M	751.40M	753.40M	690.50M	609.10M	583.90M	555.70M	637.80M	589.20M	498.50M	459.70M	419.30M	375.40M	318.40M	270.80M	266.40M	234.60M	145.70M	204.50M	191.00M	161.00M	128.00M	113.90M
EBITDA Ratio	13.30%	15.20%	15.54%	15.23%	7.89%	11.10%	12.57%	11.78%	11.02%	9.94%	10.21%	9.09%	9.91%	10.80%	9.83%	10.99%	13.22%	13.48%	13.76%	12.93%	13.29%	14.87%	14.87%	16.38%	17.36%	14.41%	13.74%	12.95%	12.01%	11.15%	10.38%	10.16%	9.22%	5.63%	11.80%	12.07%	12.71%	11.32%	12.21%
Operating Income	963.80M	1.08B	1.06B	856.70M	378.50M	788.00M	689.00M	602.20M	537.70M	495.90M	458.70M	397.70M	350.50M	455.60M	317.70M	422.70M	539.90M	517.30M	488.30M	467.10M	423.10M	440.60M	409.70M	480.90M	438.80M	371.30M	342.90M	305.90M	267.50M	215.90M	175.40M	172.50M	142.30M	55.60M	161.60M	151.70M	124.70M	101.40M	92.90M
Operating Income Ratio	11.52%	11.99%	12.64%	12.29%	5.35%	11.01%	10.42%	9.89%	9.01%	7.83%	7.47%	6.59%	5.82%	7.00%	5.34%	6.30%	8.56%	9.28%	8.92%	8.75%	8.88%	10.47%	10.77%	12.35%	11.64%	10.73%	10.25%	9.49%	8.59%	7.56%	6.72%	6.58%	5.59%	2.15%	9.33%	9.59%	8.51%	8.96%	9.96%
Total Other Income/Expenses	-269.10M	-74.10M	-71.70M	-125.50M	-574.20M	-233.20M	-140.70M	-136.90M	-128.80M	-131.50M	-95.60M	-123.80M	-117.60M	-95.90M	-1.11B	-152.10M	-164.60M	-82.10M	-121.50M	-93.90M	-84.60M	-76.80M	-50.40M	-54.60M	-108.40M	-34.60M	-31.70M	-35.30M	-42.80M	-43.00M	-43.20M	-42.30M	-37.50M	-40.00M	-22.50M	-23.90M	-46.80M	-13.80M	-10.20M
Income Before Tax	694.70M	999.30M	992.60M	737.30M	249.50M	554.80M	589.50M	477.10M	408.90M	364.40M	363.10M	255.50M	232.90M	351.30M	-790.90M	270.60M	375.30M	425.60M	366.80M	373.40M	334.90M	364.80M	359.80M	426.30M	330.40M	336.70M	311.20M	270.60M	224.70M	172.90M	132.20M	130.20M	104.80M	15.60M	139.10M	127.80M	77.90M	87.60M	82.70M
Income Before Tax Ratio	8.31%	11.06%	11.81%	10.58%	3.53%	7.75%	8.91%	7.84%	6.85%	5.76%	5.91%	4.23%	3.86%	5.39%	-13.29%	4.03%	5.95%	7.63%	6.70%	6.99%	7.03%	8.67%	9.46%	10.95%	8.77%	9.73%	9.30%	8.40%	7.22%	6.05%	5.07%	4.96%	4.12%	0.60%	8.03%	8.08%	5.32%	7.74%	8.87%
Income Tax Expense	191.70M	242.20M	248.60M	177.70M	-56.70M	85.40M	307.70M	156.40M	134.50M	113.30M	118.80M	86.40M	78.50M	34.40M	-44.20M	4.50M	71.80M	73.10M	75.00M	93.70M	92.10M	107.60M	116.40M	142.80M	115.00M	113.40M	106.40M	94.70M	81.00M	63.50M	48.90M	50.10M	41.80M	9.70M	52.60M	50.10M	43.20M	39.00M	34.40M
Net Income	503.00M	757.10M	740.10M	555.90M	303.60M	467.40M	281.80M	320.70M	274.30M	248.90M	215.80M	215.40M	190.10M	316.90M	-746.70M	266.10M	303.50M	367.20M	226.40M	279.70M	267.90M	257.20M	243.20M	283.50M	215.40M	223.30M	204.80M	175.90M	143.70M	109.40M	84.40M	80.10M	63.00M	5.90M	86.50M	77.70M	34.70M	48.60M	48.30M
Net Income Ratio	6.01%	8.38%	8.80%	7.97%	4.29%	6.53%	4.26%	5.27%	4.60%	3.93%	3.51%	3.57%	3.15%	4.87%	-12.54%	3.97%	4.81%	6.59%	4.14%	5.24%	5.63%	6.11%	6.39%	7.28%	5.72%	6.45%	6.12%	5.46%	4.61%	3.83%	3.24%	3.05%	2.48%	0.23%	4.99%	4.91%	2.37%	4.30%	5.18%
EPS	6.23	9.28	8.93	6.67	3.61	5.52	3.20	3.63	3.01	2.73	2.24	2.16	1.78	2.90	-7.24	2.70	3.09	3.74	2.27	2.80	2.69	2.61	2.49	2.88	2.17	2.20	1.99	1.68	1.35	0.99	0.37	0.34	0.26	0.03	0.49	0.45	0.21	0.16	0.16
EPS Diluted	6.20	9.21	8.83	6.61	3.57	5.28	3.13	3.54	2.95	2.60	2.16	2.08	1.78	2.90	-7.21	2.70	3.07	3.72	2.26	2.78	2.67	2.59	2.47	2.84	2.13	2.15	1.93	1.63	1.35	0.99	0.37	0.34	0.26	0.03	0.49	0.45	0.21	0.16	0.16
Weighted Avg Shares Out	80.70M	81.60M	82.90M	83.40M	84.00M	84.72M	88.01M	88.31M	89.97M	90.46M	96.18M	99.92M	106.80M	105.39M	103.10M	98.40M	98.10M	99.80M	100.10M	99.90M	99.40M	98.50M	97.80M	98.30M	99.20M	101.50M	102.91M	104.70M	106.60M	111.20M	112.39M	117.75M	124.13M	123.96M	88.46M	88.16M	85.33M	79.70M	79.39M
Weighted Avg Shares Out (Dil)	81.10M	82.20M	83.80M	84.10M	85.00M	88.60M	90.10M	90.70M	92.90M	95.70M	100.10M	103.50M	106.80M	106.80M	103.60M	98.70M	98.90M	100.40M	100.50M	100.50M	100.00M	99.40M	98.60M	99.80M	101.30M	104.10M	106.11M	107.91M	106.60M	111.20M	112.39M	117.75M	124.13M	123.96M	88.46M	88.16M	85.33M	79.70M	79.39M

Avery Dennison (AVY) Q2 Earnings Miss, Revenues Dip Y/Y

July 25, 2023zacks.com

Avery Dennison's (AVY) second-quarter earnings decline year over year.

Compared to Estimates, Avery Dennison (AVY) Q2 Earnings: A Look at Key Metrics

July 25, 2023zacks.com

While the top- and bottom-line numbers for Avery Dennison (AVY) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street...

Avery Dennison (AVY) Lags Q2 Earnings and Revenue Estimates

July 25, 2023zacks.com

Avery Dennison (AVY) came out with quarterly earnings of $1.92 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $2.64 per share a year ago.

Avery Dennison Announces Second Quarter 2023 Results

July 25, 2023businesswire.com

MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited results for its second quarter ended July 1, 2023. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are...

Avery Dennison: Diversification Of Operations Resulting In Improved Cash Flows

July 24, 2023seekingalpha.com

Avery Dennison Corporation, a leading provider of digital identification systems and materials science, holds a market capitalization of $14.32 billion and a return on invested capital of 11%. Despite a 12% decline in year-over-year revenues, the company's diversification strategy and...

Avery Dennison (AVY) to Report Q2 Earnings: What's in Store?

July 20, 2023zacks.com

Avery Dennison's (AVY) Q2 results are likely to reflect the impacts of raw material and freight cost inflation, unfavorable currency translation, and supply-chain issues, offset by strong demand.

Analysts Estimate Avery Dennison (AVY) to Report a Decline in Earnings: What to Look Out for

July 18, 2023zacks.com

Avery Dennison (AVY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Here's Why You Should Hold on to Avery Dennison (AVY) Stock Now

July 17, 2023zacks.com

Avery Dennison (AVY) gains from strategic actions and strong demand amid cost headwinds.

Avery Dennison to Webcast Second Quarter 2023 Earnings Conference Call

July 7, 2023businesswire.com

MENTOR, Ohio--(BUSINESS WIRE)--Avery Dennison Corporation (NYSE: AVY) will host its second quarter 2023 earnings conference call in a live webcast at 1:00 p.m. ET on Tuesday, July 25, 2023. The company's second quarter news release will be issued that morning...