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More on Avery Dennison's Q4 mixed results

Published 01/30/2019, 07:36 AM
Updated 01/30/2019, 07:36 AM
© Reuters.  More on Avery Dennison's Q4 mixed results
  • Avery Dennison (NYSE:AVY) reports organic sales growth of 4.8% in Q4.
  • Label and Graphic Materials sales rose 1.7% to $1.18B.
  • Retail Branding and Information Solutions sales up 4.2% to $412.1M.
  • Industrial and Healthcare Materials sales -1.6% to $175.2M.
  • Gross margin rate fell 10 bps to 26.7%.
  • Adjusted operating margin rate up 50 bps to 11.1%.
  • The company expects FY2019 GAAP EPS to be in the range of $2.70 to $2.95 and adjusted EPS of $6.45 to $6.70.
  • The company’s 2019 adjusted tax rate is expected to be in the mid-twenty percent range.
  • Previously: Avery Dennison beats by $0.02, misses on revenue (Jan. 30)
  • Now read: Sonoco Products (SON) Investor Presentation - Slideshow


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