The company said reported earnings per share for Q4 2023 were $1.77, adjusted EPS (non-GAAP) was $2.16, up 31%, and net sales were $2.1 billion, up 4%.

1. 01

   The company said reported earnings per share for Q4 2023 were $1.77, adjusted EPS (non-GAAP) was $2.16, up 31%, and net sales were $2.1 billion, up 4%.

2. 02

   The company said full-year 2023 net sales fell 8% to $8.4 billion, reported EPS was $6.20 and adjusted EPS was $7.90. Organic sales change for the year was down 8%.

3. 03

   Avery Dennison said it used $225 million for acquisitions in 2023 and returned $394 million to shareholders through dividends and share repurchases. It repurchased 0.8 million shares at an aggregate cost of $138 million.

4. 04

   The company gave reported EPS guidance of $8.65 to $9.15 for fiscal 2024 and adjusted EPS guidance of $9.00 to $9.50. It said the estimated impact of restructuring charges and other items is $0.35 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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