Avery Dennison Corp — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Avery Dennison reported Q3 2026 net sales of $2.3B (up 5.2% reported, 3.7% organic). Adjusted EPS was $2.42, up 2.1% YoY. The company raised FY2026 adjusted EPS guidance to $10.10–$10.24 (from prior unstated range), expecting ~3.5% organic sales growth for full year. Materials Group organic sales grew 4.9%; Solutions Group grew 0.8%. The company returned $481M to shareholders YTD via $257M in share repurchases (1.5M shares) and dividends. Net debt/adjusted EBITDA was 2.2x. Restructuring charges of ~$43M YTD generated ~$54M in savings.
Why this rating
Solid Q3 execution and raised FY26 guidance are moderately encouraging, but organic growth of 3.7% is modest for a $13.6B company; margin pressure (EBITDA margin down 70 bps) and customer destocking headwinds limit upside. Routine earnings beat with incremental positive revision.
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