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2Q16 net sales increased approximately 2% to $1.54 billion, with 2Q16 reported EPS of $0.88.
July 26, 2016
By: DAVID SAVASTANO
Editor, Ink World Magazine
Avery Dennison Corporation announced preliminary, unaudited results for its second quarter ended July 2, 2016. Its 2Q16 net sales increased approximately 2% to $1.54 billion, with organic sales growth (non-GAAP) of approximately 4%. The company’s 2Q16 reported EPS was $0.88, with adjusted EPS (non-GAAP) of $1.09. “We had another solid quarter, with earnings above our expectations,” said Mitch Butier, Avery Dennison president and CEO. “PSM delivered exceptional profitability, reflecting s...
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