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Barchart
Dipanjan Banchur

What You Need to Know Ahead of Avery Dennison’s Earnings Release

AVY

Avery Dennison Corporation (AVY), headquartered in Mentor, Ohio, is a materials science and digital identification solutions company. Valued at $17.47 billion by market cap, the company provides a wide range of branding and information solutions. Its products and solutions include pressure-sensitive materials, radio frequency identification (RFID) inlays, tickets, tags, labels, and other converted products. The leading labeling and packaging materials and solutions provider is expected to announce its fiscal second-quarter earnings for 2024 before the market opens on Tuesday, July 23.

Ahead of the event, analysts expect AVY to report a profit of $2.24 per share on a diluted basis, up 16.7% from $1.92 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on one other occasion. 

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