The company said net sales for Q2 2024 (quarter ended June 29, 2024) were $2,235.3 million, up from $2,090.5 million a year earlier, an increase of 6.9%. It said diluted EPS was $2.18 on a reported basis and $2.42 on an adjusted (non-GAAP) basis.

1. 01

   The company said net sales for Q2 2024 (quarter ended June 29, 2024) were $2,235.3 million, up from $2,090.5 million a year earlier, an increase of 6.9%. It said diluted EPS was $2.18 on a reported basis and $2.42 on an adjusted (non-GAAP) basis.

2. 02

   Avery Dennison said Materials Group sales for Q2 were $1,546.8 million, up 4.8% on a reported basis, and Solutions Group sales were $688.5 million, up 12.0%. It also said adjusted EBITDA margins (non-GAAP) were 17.9% and 16.8%, respectively.

3. 03

   The company said net cash provided by operating activities for the first half of 2024 was $317.5 million, and adjusted free cash flow (non-GAAP) was $200.6 million. It said it returned $177 million to shareholders over the same period through dividends and share repurchases.

4. 04

   The company said it changed its reported EPS guidance for fiscal 2024 from $8.60 to $9.10 to $8.75 to $8.95. It also said it raised its adjusted EPS guidance from $9.00 to $9.50 to $9.30 to $9.50.

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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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