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Avery Dennison Announces 3Q 2020 Results

Year-to-date free cash flow was $342 million, up 4.4% compared to the same period last year.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison Corporation announced preliminary, unaudited results for its third quarter ended Sept. 26, 2020 and provided an update related to the impact of the COVID-19 pandemic on the compa-ny.   “Revenue came in significantly better than we anticipated at the start of the quarter, which, combined with our cost reduction actions, enabled us to deliver strong earnings growth and free cash flow,” said Mitch Butier, chairman, president and CEO.   “All three of our operating segments exp...

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