Avery Dennison Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 02, 2023 at 06:46 am EST
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Avery Dennison Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 2,025.9 million compared to USD 2,183.2 million a year ago. Net income was USD 122.9 million compared to USD 182.7 million a year ago. Diluted earnings per share from continuing operations was USD 1.51 compared to USD 2.19 a year ago.
For the full year, sales was USD 9,039.3 million compared to USD 8,408.3 million a year ago. Net income was USD 757.1 million compared to USD 740.1 million a year ago. Diluted earnings per share from continuing operations was USD 9.21 compared to USD 8.83 a year ago.
Avery Dennison Corporation specializes in the development, manufacturing and marketing of pressure-sensitive materials and self-adhesive products. Net sales break down by family of products as follows:
- adhesive materials and specialty products (71.9%): papers, plastic films, metal foils and fabrics coated with adhesives, reflective films, polymer adhesives, specialty tapes, highly engineered films, inlays, self-adhesive battery labels, postage stamps, etc.;
- price marking and identification products (28.1%): printed labels, graphic tags, barcode tags, price tickets, carton labels, etc. intended for retailers, apparel manufacturers, and distributors. The group also provides copiers, ink-jet and laser printer labels and printer cards, binders, dividers, sheet protectors, markers, adhesives, etc.
Net sales are distributed geographically as follows: the United States (30.8%), Asia (30.4%), Europe /Middle East/ Africa (27.6%), Latin America (7%) and other (4.2%).
AVERY DENNISON CORPORATION 
