Avery Dennison (AVY) Misses Q4 EPS by 49c, Misses on Revenue; Offers FY23 EPS Guidance
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Avery Dennison Announces Fourth Quarter and Full Year 2022 Results
February 2, 2023 6:45 AM ESTHighlights:
FY22 Reported EPS of $9.21, up 4% Adjusted EPS (non-GAAP) of $9.15, up 3%, up 11% ex. currency FY22 Net sales increased 7.5% to $9.0 billion Sales growth ex. currency (non-GAAP) of 13.1% Organic sales growth (non-GAAP) of 9.5% 4Q22 Reported EPS of $1.51 Adjusted EPS (non-GAAP) of $1.65, down 23% 4Q22 Net sales declined 7.2% to $2.0 billion Sales change ex. currency (non-GAAP) of (0.8%) Organic sales change (non-GAAP) of (0.9%) FY23 Reported EPS guidance of $8.85 to $9.25 Adjusted... More