Avery Dennison Announces 1Q 2025 Results

Avery Dennison announced preliminary, unaudited results for its first quarter ended March 29, 2025. Non-GAAP financial measures referenced in this release are reconciled from GAAP in the attached financial schedules. Unless otherwise indicated, comparisons are to the same period in the prior year.

“We delivered a strong first quarter, in-line with expectations,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups achieved strong results in a dynamic environment.

“We have a proven track record of delivering strong results across cycles, due to the strength of our overall franchise,” added Stander. “While uncertainty is elevated, we are prepared for multiple scenarios as we progress through the year.

Materials Group reported sales decreased 1.1% to $1.5 billion, with sales up 1.2% on an organic basis. High-value categories, including Intelligent Labels, were up high single digits in total; base categories were down low single digits. The reported operating margin was 15.3%.

Solutions Group’s reported sales increased 2% to $668 million, with sales up 4.9% on an organic basis. Sales in high-value categories, including Intelligent Labels, were up low single digits. Intelligent Labels were up in apparel and food, partially offset by decline in logistics, as expected. The reported operating margin was 8.7%.