{"id":1100,"date":"2024-07-24T07:56:47","date_gmt":"2024-07-24T11:56:47","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1100"},"modified":"2024-07-24T07:56:47","modified_gmt":"2024-07-24T11:56:47","slug":"avery-dennison-reports-second-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1100","title":{"rendered":"Avery Dennison reports second-quarter 2024 results"},"content":{"rendered":"


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The company forecasts further margin improvement in H2 2024. Credit: Piotr Swat via Shutterstock.<\/figcaption><\/figure>\n<\/p><\/div>\n

Avery Dennison<\/a> Corporation has released preliminary, unaudited results for the second quarter that ended 29 June 2024.<\/p>\n

The results showed year-over-year (YoY) growth in earnings per share (EPS) and adjusted EPS (non-generally accepted accounting practices\/GAAP), alongside a modest increase in net sales.<\/p>\n

The company also revised its full-year 2024 earnings guidance upwards.<\/p>\n

Avery Dennison reported EPS of $2.18 for the second quarter, a 76% increase compared to the same period in 2023.<\/p>\n

Adjusted EPS (non-GAAP) also increased by 26% to $2.42.<\/p>\n

Net sales for the quarter reached $2.2bn, reflecting a 7% YoY rise.<\/p>\n

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