More on Avery Dennison's Q4 mixed results
Seeking Alpha
Published Jan 30, 2019 07:36AM ET
More on Avery Dennison's Q4 mixed results
- Avery Dennison (NYSE:AVY) reports organic sales growth of 4.8% in Q4.
- Label and Graphic Materials sales rose 1.7% to $1.18B.
- Retail Branding and Information Solutions sales up 4.2% to $412.1M.
- Industrial and Healthcare Materials sales -1.6% to $175.2M.
- Gross margin rate fell 10 bps to 26.7%.
- Adjusted operating margin rate up 50 bps to 11.1%.
- The company expects FY2019 GAAP EPS to be in the range of $2.70 to $2.95 and adjusted EPS of $6.45 to $6.70.
- The company’s 2019 adjusted tax rate is expected to be in the mid-twenty percent range.
- Previously: Avery Dennison beats by $0.02, misses on revenue (Jan. 30)
- Now read: Sonoco Products (SON) Investor Presentation - Slideshow
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