The company said net sales for Q1 (ended March 29, 2025) decreased 0.1% to $2,148.3 million, and organic sales rose 2.3%. Reported EPS was $2.09, and adjusted EPS (non-GAAP) was $2.30.

1. 01

   The company said net sales for Q1 (ended March 29, 2025) decreased 0.1% to $2,148.3 million, and organic sales rose 2.3%. Reported EPS was $2.09, and adjusted EPS (non-GAAP) was $2.30.

2. 02

   Avery Dennison said Materials Group sales fell 1.1% to $1,480.1 million, and its adjusted EBITDA margin was 17.7% (18.3% a year earlier). Solutions Group sales rose 2.0% to $668.2 million, and its adjusted EBITDA margin was 17.2% (16.1% a year earlier).

3. 03

   The company said it returned $331 million to shareholders through share repurchases and dividends in Q1, and repurchased 1.4 million shares at a cost of $262 million. Net cash from operating activities was $(16.3) million, and adjusted free cash flow (non-GAAP) was $(53.1) million.

4. 04

   The company gave reported EPS guidance of $2.25 to $2.45 and adjusted EPS guidance of $2.30 to $2.50 for Q2. It estimated the impact of restructuring charges and other items at about $0.05. Net debt to adjusted EBITDA (non-GAAP) was 2.3x at the end of Q1.

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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