|May 22, 2017||Avery Dennison Acquires Finesse Medical|
|Irish-based company brings new products, manufacturing
capabilities in high-value healthcare materials business
GLENDALE, Calif.--(BUSINESS WIRE)--May 22, 2017--
Avery Dennison Corporation (NYSE:AVY) announced today that it has
acquired Finesse Medical Ltd., an innovator in the development and
manufacture of healthcare products used in the management of wound care
and skin conditions.
Headquartered in Longford, Ireland, Finesse... |
|April 27, 2017||Avery Dennison Increases Quarterly Dividend|
|GLENDALE, Calif.--(BUSINESS WIRE)--Apr. 27, 2017--
Dennison Corporation (NYSE:AVY) today announced that its Board of
Directors has increased the company’s quarterly cash dividend. The board
declared a quarterly cash dividend of $0.45 per share, reflecting a four
cent, or 10%, increase over the previous dividend rate. The dividend is
payable June 21, 2017, to shareholders of record as of June 7, 2017.
About Avery Dennison
|April 26, 2017||Avery Dennison Announces First Quarter 2017 Results|
|1Q17 Reported EPS of $1.25
Adjusted EPS (non-GAAP) of $1.11
1Q17 Net sales increased ~6% to $1.57 billion
Organic sales growth (non-GAAP) of ~4%
Raised FY17 guidance midpoint for Reported EPS by $0.08
Raised FY17 guidance midpoint for Adjusted EPS (non-GAAP) by $0.18
|April 05, 2017||Avery Dennison to Webcast First Quarter 2017 Earnings Conference Call|
|GLENDALE, Calif.--(BUSINESS WIRE)--Apr. 5, 2017--
Avery Dennison Corporation (NYSE:AVY) will host its first quarter 2017
earnings conference call in a live Webcast for investors, equity
analysts, portfolio managers and media representatives at 12:00 p.m.
Eastern Time/9:00 a.m. Pacific Time on Wednesday, April 26, 2017. The
webcast will follow the company's first quarter 2017 earnings news
release, which will be issued that morning at 6:45 a.m. Eastern Ti... |
| Investor Relations Contact Information|
|Avery Dennison Corporation|
207 Goode Avenue
Glendale, CA 91203
Phone: (626) 304-2000
Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets, are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but are not limited to, risks and uncertainties relating to the following: fluctuations in demand affecting sales to customers; worldwide and local economic conditions; changes in political conditions; changes in governmental laws and regulations; fluctuations in currency exchange rates and other risks associated with foreign operations, including in emerging markets; the financial condition and inventory strategies of customers; changes in customer preferences; fluctuations in cost and availability of raw materials; our ability to generate sustained productivity improvement; our ability to achieve and sustain targeted cost reductions; the impact of competitive products and pricing; loss of significant contracts or customers; collection of receivables from customers; selling prices; business mix shift; execution and integration of acquisitions and completion of potential dispositions; timely development and market acceptance of new products, including sustainable or sustainably-sourced products; investment in development activities and new production facilities; amounts of future dividends and share repurchases; customer and supplier concentrations; successful implementation of new manufacturing technologies and installation of manufacturing equipment; disruptions in information technology systems, including cyber-attacks or other intrusions to network security; successful installation of new or upgraded information technology systems; data security breaches; volatility of financial markets; impairment of capitalized assets, including goodwill and other intangibles; credit risks; our ability to obtain adequate financing arrangements and maintain access to capital; fluctuations in interest and tax rates; changes in tax laws and regulations, and uncertainties associated with interpretations of such laws and regulations; outcome of tax audits; fluctuations in pension, insurance, and employee benefit costs; the impact of legal and regulatory proceedings, including with respect to environmental, health and safety; protection and infringement of intellectual property; the impact of epidemiological events on the economy and our customers and suppliers; acts of war, terrorism, and natural disasters; and other factors.
We believe that the most significant risk factors that could affect our financial performance in the near-term include: (1) the impacts of global economic conditions and political uncertainty on underlying demand for our products and foreign currency fluctuations; (2) competitors' actions, including pricing, expansion in key markets, and product offerings; (3) the degree to which higher costs can be offset with productivity measures and/or passed on to customers through selling price increases, without a significant loss of volume; and (4) the execution and integration of acquisitions.
For a more detailed discussion of these and other factors, see “Risk Factors” and “Management’s Discussion and Analysis of Results of Operations and Financial Condition” in our 2016 Form 10-K, filed on February 23, 2017 with the Securities and Exchange Commission. The forward-looking statements included in this document are made only as of the date of this document, and we undertake no obligation to update these statements to reflect subsequent events or circumstances, other than as may be required by law.
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