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Avery Dennison Reports 4Q, Full Year 2023 Results

The Solutions Group reported that sales increased 18% to $692 million in 4Q 2023.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Avery Dennison Corporation announced preliminary, unaudited results for its fourth quarter and full year ended Dec. 30, 2023. Fourth quarter 2023 net sales were $2.1 billion, up 4%. Full year 2023 net sales were $8.4 billion, down 8%. “Earnings per share were in line with our expectations for the fourth quarter, increasing sequentially for the fourth consecutive quarter,” said Deon Stander, president and CEO. “Volume in both Label Materials and Apparel Solutions improved sequentially, continu...

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