Citable filing context
AVY's research view summarizes recent SEC filing context, starting with management_change from Aug 19, 2026.
| Filed | Item | Context |
|---|---|---|
| Aug 19, 2026 | management_change | Avery Dennison elected William Wagner as independent Board Chair, effective September 1, 2026, succeeding Mitchell Butier. |
| Jul 30, 2026 | earnings | Avery Dennison reported Q2 2026 net sales of $2.5 billion and adjusted EPS of $2.89. |
| Jun 4, 2026 | management_change | Avery Dennison appointed Danny G. Allouche as President, Materials Group, succeeding Ryan D. Yost. |
| Jul 30, 2026 | Guidance: adjusted_eps | 10.00 to 10.30 |
| Jul 30, 2026 | Guidance: reported_eps | 9.40 to 9.70 |
| Jan 30, 2025 | Guidance: adjusted_eps | 9.80 to 10.20 |
| Aug 4, 2026 | mda_quarterly | Avery Dennison reported a strong first half of 2026, with net sales increasing 9% and net income rising to $372 million. Growth was driven primarily by higher volumes, particularly in the Materials Group, which saw a 10% organic sales increase in the second quarter fueled by customer inventory stocking. The Solutions Group experienced more modest growth, with organic sales up 3% as intelligent label sales saw low single-digit gains. Profitability benefited from productivity initiatives, restructuring savings, and favorable raw material costs, though these gains were partially offset by unfavorable product mix and higher employee-related expenses. The company recorded $34.7 million in restructuring charges during the first half of 2026 to optimize its operational footprint and reduce headcount by approximately 600 positions. Liquidity improved significantly, with adjusted free cash flow rising to $469.8 million, supported by better operational working capital management. The company maintains a solid capital position, supported by a $1.20 billion revolving credit facility and investment-grade ratings. Looking ahead, management anticipates a favorable impact from foreign currency translation for the full year, though it expects higher interest expenses and the normalization of prior-year temporary cost-saving measures to weigh on operating income. |
| May 5, 2026 | mda_quarterly | Net sales increased 7% to $2.29 billion for the first quarter of 2026, though organic growth was limited to 1% as raw material deflation and unfavorable mix offset higher volumes. Net income rose slightly to $168 million, supported by productivity initiatives and favorable foreign currency translation. The Materials Group reported 2% organic growth, driven by strong performance in Asia Pacific, while the Solutions Group saw a 1% organic decline, specifically within the base business and intelligent labels. To optimize its operational footprint, the company incurred $15.9 million in restructuring charges and reduced its workforce by 370 positions. Adjusted free cash flow improved significantly to $104.4 million, aided by lower incentive compensation payments and working capital changes. Total debt increased to $3.79 billion, reflecting a €500 million senior note issuance in September 2025. Management expects continued favorable foreign currency translation but anticipates headwinds from higher interest expenses and the normalization of prior-year temporary cost savings related to incentive compensation. The company increased its quarterly dividend to $1.00 per share in April 2026. Future results remain sensitive to geopolitical conditions and currency fluctuations, as international operations generate approximately 69% of net sales. |
Source: SEC EDGAR filing text and events; period Aug 19, 2026; filed Aug 19, 2026.
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