The company reported that net sales for Q3 2024 were $2,183.4 million (up 4.1% from $2,098.3 million in the same period last year), and reported diluted earnings per share were $2.25 ($1.71 in the prior-year period).

1. 01

   The company reported that net sales for Q3 2024 were $2,183.4 million (up 4.1% from $2,098.3 million in the same period last year), and reported diluted earnings per share were $2.25 ($1.71 in the prior-year period).

2. 02

   Avery Dennison said Materials Group sales for Q3 were $1,497.7 million (up 2.9%), and Solutions Group sales were $685.7 million (up 6.8%), with adjusted EBITDA margins of 17.0% and 17.9%, respectively.

3. 03

   The company disclosed that net cash provided by operating activities for the 9-month period through 2024 was $587.6 million, and adjusted free cash flow (non-GAAP) was $420.0 million. It said operating cash flow included payments related to the settlement of a material legal matter.

4. 04

   The company said it revised its reported EPS outlook for fiscal 2024 to $8.75 to $8.90 from $8.75 to $8.95, and its adjusted EPS outlook to $9.35 to $9.50 from $9.30 to $9.50. It also said it had returned $315 million to shareholders through dividends and share repurchases so far in Q3.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.