Avery Dennison Corporation reported third-quarter net sales of $2,331.5 million, up 5% reported and 4% organically, with net income of $169.7 million versus $166.3 million. Nine-month adjusted free cash flow rose to $715.8 million from $404.5 million.
Avery Dennison reported organic sales growth of 4%, adjusted EPS of $2.42 and adjusted free cash flow of $246 million in the third quarter. It slightly raised the midpoint of full-year organic sales growth to 3.5%.
Avery Dennison reported preliminary, unaudited results for the third quarter ended September 30, 2026: net sales of $2.3 billion, up 5.2%, adjusted EPS of $2.42, up 2.1%, and FY26 adjusted EPS guidance of $10.10 to $10.24.
Avery Dennison Corporation named Helen Sheirbon President, Solutions Group effective November 3, 2026, with an annual base salary of $625,000 and target incentive opportunities of 60% and 200%.
Avery Dennison Corporation reports that Senior Vice President and Chief Legal Officer Ignacio J. Walker resigned to accept another opportunity and is expected to leave October 16, 2026.
TL;DR.Avery Dennison reported 5.2% sales growth, 3.7% organic growth, $2.42 of adjusted EPS and $716 million of year-to-date adjusted free cash flow, while returning $481 million to shareholders. Management slightly raised full-year guidance and increased restructuring-savings expectations, but destocking, margin pressure, logistics weakness, the delayed Walmart rollout and Q4 calendar-shift headwinds remain constraints.
Bullish
+Third-quarter net sales rose 5.2% to $2.3 billion, organic sales increased 3.7% and adjusted EPS advanced 2.1% to $2.42.new
+Excluding customer inventory management, estimated underlying organic sales and adjusted EPS growth were 6% and 8%, respectively.new
+Management slightly raised the midpoint of full-year guidance, with approximately 3.5% organic sales growth and adjusted EPS guidance of $10.10 to $10.24.new
+Adjusted free cash flow reached $246 million in the quarter and $716 million year to date, with conversion well above 100% of net income.new
+The company returned $481 million to shareholders through share repurchases and dividends during the first nine months of 2026.new
Bearish
−Customer inventory destocking reduced third-quarter sales growth by roughly two points and adjusted EPS growth by roughly six points.new
−Solutions Group reported sales declined 1.8%, while logistics sales declined double digits because of share normalization and softer demand.new
−The Walmart fresh-program start dates moved beyond the second half, with the commercial ramp expected in 2027.new
−Q4 faces an approximately 1.5% sales-growth headwind and a modest EPS-growth headwind from the calendar shift.new
−Customer demand remained cautious amid inflation, with muted CPG unit-volume growth and a cautious retail outlook.new
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
734 of 793 funds reported for Sep 30 · net -1.7M sh shares · +93 new
Insider flowDistributing
Net -$1.4M over 90 days · 100% sells
Short interestFalling
2.77% of shares out · ▼ -6.1% MoM · 3.1 days cover
Volume signalNormal
Volume near normal
Institution breadthMulti-yr high
793 holders — near 3-yr high, broad support
Squeeze score55
elevated · 0–100
Fundamentals
Strong
Revenue growth+1%
Y/Y
Gross margin29%
contracting
EPS growth+1%
Y/Y
Free cash flow$712.4M
ValuationP/E 20.3
below peers
Buyback$526.3M
remaining
Balance sheet$3.5B
net debt
Quant / Vol
risk profile
Low
Volatility24%
annualized · 1-yr
Max drawdown−23%
past year
ATR2.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Avery Dennison Corporation reported third-quarter net sales of $2,331.5 million, up 5% reported and 4% organically, with net income of $169.7 million versus $166.3 million. Nine-month adjusted free cash flow rose to $715.8 million from $404.5 million.
Dividends per share over the trailing 365 days by ex-date · buyback figures as last
reported in SEC filings ("spent" derived as authorized − remaining; when several
programs run concurrently, authorized is their combined total per the newest filing) ·
components shown separately — trailing-year buyback spend isn't tracked, so no
combined shareholder yield is derived.
