Avery Dennison (AVY) Tops Q1 EPS by 16c
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Avery Dennison Announces First Quarter 2020 Results
April 29, 2020 6:45 AM EDTHighlights:
1Q20 Reported EPS of $1.60Adjusted EPS (non-GAAP) of $1.66
1Q20 Net sales declined 1.0% to $1.72 billion
Sales change ex-currency (non-GAAP) of 1.0%
Organic sales growth (non-GAAP) of 0.3%
Despite different nature of this downturn, business remains resilient
Free cash flow strong across wide range of scenarios
Suspending 2020 EPS guidance in light of uncertain environment
Strong balance sheet (net debt to adjusted EBITDA ratio of 2.0); ample... More
