Q4 2024 Avery Dennison Corp Earnings Call Transcript

Jan 30, 2025 / 04:00PM GMT

Release Date Price: MXN4390

Transcript 8-K

Key Points

Positve

Avery Dennison Corp (AVY) reported a 5% sales growth for the year, with adjusted EPS growing 19%, reaching the high end of their original guidance.
The company achieved a 130 basis point expansion in adjusted EBITDA margin, demonstrating strong productivity-driven margin expansion.
High-value categories now represent almost half of Avery Dennison Corp (AVY)'s portfolio, contributing significantly to organic sales growth.
The Materials Group delivered strong top-line growth in 2024, driven by significant volume growth and margin expansion.
Avery Dennison Corp (AVY) signed a new partnership with CVS Health to launch Vestcom shelf edge solutions chain-wide, expecting strong growth in 2025.

Negative

Vestcom sales were softer than anticipated in 2024, primarily due to lower volume in the drugstore channel driven by store closures.
Sales in the logistics segment were lower in 2024 due to a year-on-year comparison with a large RFID program rollout in 2023.
The Solutions Group's high-value solutions were down mid-single digits, below expectations, impacting overall margins.
The company anticipates a $30 million headwind to operating income from currency translation in 2025.
Avery Dennison Corp (AVY) expects slight declines in the logistics segment between 2024 and 2025, impacting growth projections.

Operator

Ladies and gentlemen, thank you for standing by. (Operator Instructions)

Welcome to Avery Dennison's earnings conference call for the fourth quarter and full year ended on December 28, 2024. This call is being recorded and will be available for replay after 4 PM. Eastern time today and until mid-night eastern time, February 5, 2025.

To access the replay, please dial 180 770 2030 or 1609 800 for international callers. The conference ID number is 5855706 and I'd like to turn the call over to John Eble, Avery Dennison's Vice President of Finance and Investor Relations. Please go ahead, sir.

John Eble

Avery Dennison Crop - Investor Relation

Thank you, Jeanine. Please note that throughout today's discussion, we'll be making references to non-GAAP financial measures. The non-gaap measures that we use are defined, qualified and reconciled from GAAP on schedules a four to a eight of the financial statements accompanying today's earnings release.

We remind you that we'll make certain predictive statements that reflect our current views and

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.