Avery Dennison demonstrated resilience with solid earnings and strong cash flow amidst a challenging environment. Notable achievements include strong margins in the Materials Group and growth in logistics and Vestcom. However, challenges persist, particularly in the apparel segment and due to trade policy uncertainties. The company remains cautiously optimistic about future performance.

Company Guidance -

Q3 2025

During Avery Dennison's earnings call for the second quarter of fiscal year 2025, management discussed several key metrics and strategic initiatives. The company reported adjusted earnings per share of $2.42, which represents a 5% sequential increase and is comparable to the prior year. Free cash flow was robust at nearly $190 million, while the adjusted EBITDA margin was strong at 16.6%, up 20 basis points year-over-year. The Materials Group achieved an adjusted EBITDA margin of 17.8%, despite a slight organic sales decline of 1%, attributed to low single-digit deflation-related price reductions. The Solutions Group saw a similar 1% organic sales decline, but achieved a 17.1% adjusted EBITDA margin, up 30 basis points from the previous year. The Intelligent Labels (IL) segment experienced a mid-single-digit sequential sales growth, with food and logistics categories growing mid-teens, although apparel and general retail categories were down mid-single digits. For the third quarter, Avery Dennison expects adjusted earnings per share to be in the range of $2.24 to $2.40, maintaining a cautious outlook due to ongoing trade policy uncertainties and softer apparel volumes, but anticipates a return to earnings growth in the fourth quarter.

Solid Earnings Performance

Adjusted earnings per share of $2.42, up 5% sequentially and comparable to the prior year, demonstrating resilience in a dynamic environment.

Strong Free Cash Flow

Generated nearly $190 million in adjusted free cash flow during the second quarter.

Materials Group Margins

Materials Group delivered strong productivity and margins on modest volume growth with an adjusted EBITDA margin of 17.8%.

Vestcom Growth

Vestcom sales increased by roughly 10% due to the successful rollout of productivity solutions at CVS Health.

Strong Logistics Growth

Logistics segment saw strong growth compared to prior year and sequentially, maintaining strong market share.

Disciplined Capital Allocation

Returned roughly $500 million to shareholders in the first half of the year and increased the quarterly dividend by 7%.

Avery Dennison (AVY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AVY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	2.35 / -	2.33	―	―	―
Jul 22, 2025	2025 (Q2)	2.39 / 2.42	2.42	0.00% (0.00)
Apr 23, 2025	2025 (Q1)	2.32 / 2.30	2.29	0.44% (<+0.01)
Jan 30, 2025	2024 (Q4)	2.38 / 2.38	2.16	10.19% (+0.22)
Oct 23, 2024	2024 (Q3)	2.33 / 2.33	2.1	10.95% (+0.23)
Jul 23, 2024	2024 (Q2)	2.25 / 2.42	1.92	26.04% (+0.50)
Apr 24, 2024	2024 (Q1)	2.15 / 2.29	1.7	34.71% (+0.59)
Jan 31, 2024	2023 (Q4)	2.17 / 2.16	1.65	30.91% (+0.51)
Oct 25, 2023	2023 (Q3)	2.10 / 2.10	2.46	-14.63% (-0.36)
Jul 25, 2023	2023 (Q2)	2.05 / 1.92	2.64	-27.27% (-0.72)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$179.01	$181.67	+1.49%
Apr 23, 2025	$173.92	$169.36	-2.62%
Jan 30, 2025	$190.97	$180.65	-5.40%
Oct 23, 2024	$209.35	$204.68	-2.23%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Avery Dennison Corp. (AVY) report earnings?

Avery Dennison Corp. (AVY) is schdueled to report earning on Oct 22, 2025, Before Open (Confirmed).

What is Avery Dennison Corp. (AVY) earnings time?

Avery Dennison Corp. (AVY) earnings time is at Oct 22, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is AVY EPS forecast?

AVY EPS forecast for the fiscal quarter 2025 (Q3) is 2.35.

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