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Avery Dennison Reports 2Q 2023 Results

2Q23 net sales were $2.1 billion, with sales change ex. currency (non-GAAP) down 10% and organic sales change (non-GAAP) down 10%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison Corporation announced preliminary, unaudited results for its second quarter ended July 1, 2023. Second quarter 2023 net sales were $2.1 billion, with sales change ex. currency (non-GAAP) down 10% and organic sales change (non-GAAP) down 10%. “Earnings per share increased sequentially in the second quarter, a trend we expect to continue in coming quarters,” said Mitch Butier, chairman and CEO. “Volumes in our Materials businesses continue to recover from slow market conditions, ...

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