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Avery Dennison Announces 2Q 2021 Results

Second quarter 2021 net sales increased 37.5% to $2.1 billion, with organic sales growth (non-GAAP) of 28.1%.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison announced preliminary, unaudited results for its second quarter ended July 3, 2021. “We delivered another strong quarter, ahead of expectations, raised our outlook for the second half, and announced an agreement to acquire Vestcom that will build upon and expand RBIS’ strengths,” said Mitch Butier, Avery Dennison president and CEO. “Revenue was up 28% organically compared to prior year and up 11% compared to 2019, as RBIS and IHM rebounded significantly from prior year lows and s...

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