Avery Dennison said net sales for Q1 2026 ended March 31 were $2,298.5 million, up 7.0% from $2,148.3 million in the prior-year period, and diluted earnings per share were $2.18, with adjusted earnings per share (non-GAAP) of $2.47.

1. 01

   Avery Dennison said net sales for Q1 2026 ended March 31 were $2,298.5 million, up 7.0% from $2,148.3 million in the prior-year period, and diluted earnings per share were $2.18, with adjusted earnings per share (non-GAAP) of $2.47.

2. 02

   The company said Materials Group sales for Q1 increased 11.4% to $1.6 billion with adjusted operating margin of 15.4%, down 20 basis points, and Solutions Group sales decreased 2.8% to $649 million with adjusted operating margin of 9.0%, down 120 basis points.

3. 03

   Avery Dennison disclosed that operating cash flow for Q1 was $136.5 million, compared with $(16.3) million used in the prior-year period, and adjusted free cash flow (non-GAAP) was $104.4 million versus $(53.1) million in the prior-year period.

4. 04

   The company said it returned $133 million to shareholders in Q1 through dividends and share repurchases, and provided guidance for Q2 2026 reported earnings per share of $2.21 to $2.31 and adjusted earnings per share of $2.43 to $2.53.

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Original filing

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