Education
About Us
Working with TipRanks
Follow Us
Avery Dennison Corp. (AVY)
NYSE:AVY
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.43Last Year’s EPS
2.3Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported several clear positives — strong free cash flow ($700M), disciplined capital returns (~$860M), resilient margins (mid-teens EBITDA margins), meaningful progress expanding high-value categories (now ~45% of sales) and targeted growth in intelligent labels outside apparel (food/logistics). However, top-line organic growth remains weak, apparel and general retail continue to be pressured by tariff uncertainty, employee-cost inflation and the normalization of temporary savings create 2026 headwinds, and the company missed a multi-year EPS target. Overall, the company appears financially resilient and strategically positioned for longer-term growth, but near-term revenue visibility and tariff-driven demand weakness are material risks.Company Guidance
Strong Cash Generation and Shareholder Returns
Generated $300M adjusted free cash flow in Q4 and $700M for full-year 2025 with free cash flow conversion >100%. Returned approximately $860M to shareholders in 2025 (≈$572M buybacks, $288M dividends).
Resilient Profitability and Margins
Maintained enterprise adjusted EBITDA margin ~16.4% for the year. Materials Group adjusted EBITDA margin 16.6% (Q4) and Solutions Group margin 17.8% (Q4), with Solutions margin up ~1 point sequentially.
Adjusted EPS Performance and Outlook
Delivered adjusted EPS of $2.45 in Q4 (up 3% YoY) and full-year adjusted EPS of $9.53. 2026 outlook expects adjusted EPS growth ~6% at midpoint with 2026 EPS guidance of $2.40–$2.46.
Reported Sales Growth (Q4) and Calendar/Acquisition Benefits
Reported sales increased 3.9% in Q4 2025. Q4 benefited from an estimated +1.5 pts from the Gregorian calendar shift and ~+1 pt from the Taylor Adhesives acquisition.
High-Value Portfolio Expansion and Performance
High-value categories expanded to ~45% of company sales in 2025 (12% increase since 2019). Materials Group high-value mix 38%; Solutions Group high-value mix 60%. High-value categories have grown at a mid-single-digit CAGR over six years.
Intelligent Labels Momentum Outside Apparel
Enterprise intelligent label (IL) sales grew mid-single digits in Q4. Food, logistics and industrial categories delivered outsized performance (high teens growth in Q4; ~10% growth for full-year 2025).
Notable Segment Wins and Product Growth
Vesprom (VESCOM) grew >10% and Embellix delivered high single-digit growth in Q4; Intelligent Labels delivered high single-digit growth in Materials Group and low single-digit in Solutions Group, demonstrating traction in targeted platforms.
Balance Sheet Strength and Capital Discipline
Quarter-end net debt to adjusted EBITDA at 2.4x. Committed to disciplined capital allocation with targeted CapEx ~$260M for 2026 and continued focus on productivity (anticipated ~$50M restructuring savings).
AVY Earnings History
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 |
|---|---|---|---|
Feb 04, 2026 | $186.82 | $193.13 | +3.38% |
Oct 22, 2025 | $162.64 | $178.06 | +9.48% |
Jul 22, 2025 | $177.04 | $179.68 | +1.49% |
Apr 23, 2025 | $172.00 | $167.50 | -2.62% |
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 Apr 29, 2026, Before Open (Confirmed).
What is Avery Dennison Corp. (AVY) earnings time?
Avery Dennison Corp. (AVY) earnings time is at Apr 29, 2026, 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 2026 (Q1) is 2.43.