Avery Dennison reported third-quarter sales growth of 5.2% and a 2.1% increase in adjusted earnings per share, while its 2026 forecast offered a full-year benchmark amid mixed performance across its two operating groups.
Net sales for the quarter ended Sept. 30 totaled $2.33 billion. Diluted earnings per share were $2.24, up from $2.13 a year earlier, and adjusted earnings per share reached $2.42. The company described the quarterly results as preliminary and unaudited.
Materials Group sales rose 8.5% to $1.64 billion. Solutions Group sales fell 1.8% to $687 million. Organic sales increased 3.7% on a non-GAAP basis. Materials Group’s adjusted operating margin was 14.1%, down from 15.2%, while Solutions Group’s margin rose to 10.8% from 10%.
For 2026, Avery Dennison forecast reported earnings per share of $9.45 to $9.59 and adjusted earnings per share of $10.10 to $10.24. The adjusted forecast excludes an estimated $0.65 per share for restructuring charges and other items.
Avery Dennison filed a Form 8-K with the U.S. Securities and Exchange Commission on Oct. 29. The filing covers results of operations and financial condition and includes financial statements and exhibits.
