Avery Dennison has reported total net sales of $2.2bn for the third quarter (Q3) of 2025 – a 1.5% increase compared to the same period of the previous year.
The company’s adjusted earnings per share reached $2.37 in the quarter, up from $2.33 in 2024.
Its adjusted operating income for the quarter stood at $281.1m, marginally higher than the $279.7m recorded in the third quarter of 2024. However, the adjusted operating margin dipped slightly to 12.7% from 12.8% a year earlier.
The materials group segment saw sales rise by 1.2% to $1.52bn, although organic sales declined by 1.9%, with modest volume growth offset by deflation-driven price reductions.
The segment’s adjusted operating income increased 3.6% to $230.1m.
In the solutions group, sales grew by 2% to $699.5m, with organic sales up 3.6%. However, the segment’s adjusted operating income fell 9.9% year-on-year to $69.7m.
Over the first nine months of 2025, Avery Dennison returned $670m to shareholders through dividends and share repurchases. The company bought back 2.5 million shares at a total cost of $454m.
At the end of the quarter, cash and cash equivalents stood at $536.3m, up from $212.7m a year earlier.
Long-term debt and finance leases rose to $3.20bn in the quarter, from $2.04bn a year previously.
Avery Dennison anticipates adjusted earnings per share for the fourth quarter of 2025 to range between $2.35 and $2.45.
Avery Dennison president and CEO Deon Stander stated: “We delivered a solid third quarter, with earnings above expectations in a continued dynamic environment, reflecting the strength and durability of our overall portfolio.
“We remain prepared for various scenarios while continuing to focus on our core strategies, including driving outsized growth in our high-value categories, leveraging cost controls and productivity, and executing on our disciplined capital allocation strategy. We made progress advancing these strategies in the third quarter, safeguarding earnings in the near term and driving initiatives to deliver strong profitable growth over the cycle.”
In September 2025, Avery Dennison’s AD CleanFlake technology obtained RecyClass Technology Approval for the polyethylene terephthalate recycling stream.
