Avery Dennison Raises Full-year Earnings Guidance - Quick Facts

(RTTNews) - Avery Dennison Corp. (AVY) announced, for 2017, excluding an estimated $0.30 per share for restructuring charges and other items, the company now expects adjusted earnings per share of $4.90 to $4.95. Previously, excluding the estimated $0.30 per share for restructuring charges and other items, the company expected adjusted earnings per share in the range of $4.75 to $4.90.

Third-quarter adjusted EPS was $1.26. Net sales increased 11.3% to $1.68 billion. Sales growth ex. currency was 10.0%. Organic sales growth was 5.3%, for the quarter.

Mitch Butier, Avery Dennison CEO, said: "LGM's organic growth rate rebounded, as expected, and margin remained strong; RBIS delivered another great quarter, with continued strong sales growth and margin expansion; and IHM delivered solid organic sales growth while integrating two recently completed acquisitions."