Recent Updates — AVY
Avery Dennison announced preliminary third-quarter 2026 results with reported earnings per share of $2.24 and non-GAAP adjusted EPS of $2.42, up 2.1% year-over-year. Net sales reached $2.3 billion, a 5.2% increase, driven by mid-single-digit organic growth in both its Materials and Solutions segments despite headwinds from customer destocking and foreign currency fluctuations. The company also raised its full-year 2026 adjusted EPS guidance to $10.10-$10.24, reflecting improved underlying performance and productivity gains. Additionally, Avery Dennison reported strong free cash flow generation and continued share repurchases throughout the first nine months of the year. Avery Dennison is a global materials science and digital identification solutions company that designs labeling and functional materials, RFID tags, and software applications for industries including retail, apparel, and healthcare.
The Board of Directors elected Helen J. Sheirbon as President, Solutions Group and an executive officer, effective November 3, 2026. Sheirbon joins from HP Inc., where she served as Senior Vice President and Chief Operating Officer of Global HP Solutions since July 2025. Her compensation includes a $625,000 annual base salary, a target annual incentive of 60% of base, and long-term incentives valued at 200% of base. One-time awards include $3.5 million in equity grants (restricted stock units and performance units) and $1.05 million in cash bonuses ($250,000 signing bonus plus $800,000 for forfeited prior employer incentives). Sheirbon will participate in standard executive benefit and severance plans. Avery Dennison is a global materials science and digital identification solutions company.
Ignacio J. Walker, Senior Vice President and Chief Legal Officer of Avery Dennison Corporation, notified the company on September 30, 2026, of his decision to resign from his position to pursue another opportunity. Mr. Walker is expected to continue serving in his current capacity through October 16, 2026, before leaving the company. This filing reports a departure of a certain officer under Item 5.02 of Form 8-K. Avery Dennison Corporation operates in the materials science and packaging industry, providing labeling and functional materials.
Avery Dennison Corporation reported preliminary second quarter 2026 results with net sales of $2.46 billion, an increase of 10.9% year-over-year. Reported earnings per share were $2.67, while adjusted EPS (non-GAAP) reached $2.89, representing a 19.4% increase. The company provided full-year 2026 guidance for reported EPS between $9.40 and $9.70, with adjusted EPS expected between $10.00 and $10.30. During the first half of 2026, Avery Dennison returned $347 million to shareholders through share repurchases and dividends. The company operates in the materials science and digital identification solutions industry.