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AVY - Avery Dennison News Story

$221.46 1.1  0.5%

Last Trade - 07/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £13.16bn
Enterprise Value £14.46bn
Revenue £5.22bn
Position in Universe 634th / 6858

BRIEF-Avery Dennison Announces Second Quarter Earnings Per Share Of $1.69

Tue 23rd July, 2019 12:41pm
July 23 (Reuters) - Avery Dennison Corp  AVY.N :
    * AVERY DENNISON ANNOUNCES SECOND QUARTER 2019 RESULTS
    * Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.72
    * Q2 EARNINGS PER SHARE $1.69
    * Q2 SALES $1.8 BILLION VERSUS REFINITIV IBES ESTIMATE OF
$1.83
BILLION
    * Q2 EARNINGS PER SHARE ESTIMATE $1.68 -- REFINITIV IBES
DATA
    * SEES FY 2019 ADJUSTED EARNINGS PER SHARE $6.50 TO $6.65
    * SEES FY 2019 EARNINGS PER SHARE $3.15 TO $3.30
    * AVERY DENNISON - IN Q2, REALIZED ABOUT $12 MILLION IN
PRETAX
SAVINGS FROM RESTRUCTURING, NET OF TRANSITION COST
    * FY 2019 EPS GUIDANCE RANGE TIGHTENED/MIDPOINT REAFFIRMED
    * FY2019 EARNINGS PER SHARE VIEW $6.55 -- REFINITIV IBES
DATA
    * QTRLY ADJUSTED ORGANIC SALES GROWTH OF 1.6%
    * AVERY DENNISON - IN Q2, INCURRED PRETAX RESTRUCTURING
CHARGES OF
ABOUT $8 MILLION, CONSISTING PRIMARILY OF CASH COSTS RELATED TO
SEVERANCE

Source text for Eikon:  ID:nBwbf3WPba 
Further company coverage:  AVY.N 

 ((Reuters.Briefs@thomsonreuters.com;))
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