Flexible Electronics News

Avery Dennison Announces 1Q 2016 Results

Net sales declined approximately 3% to $1.49 billion.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison announced preliminary, unaudited results for its first quarter ended April 2, 2016. The company reported that net sales declined approximately 3% to $1.49 billion.   “We’re off to a very good start to the year,” said Dean Scarborough, Avery Dennison chairman and CEO. “Both of our core businesses delivered solid organic sales growth and significant margin expansion, driving mid-teens growth in adjusted EPS, above our expectations for the quarter.   “Our consistently strong perf...

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