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Avery Dennison
Avery Dennison (AVY) investor relations material
Avery Dennison Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary16 Feb, 2026
Strategic positioning and market overview
Recognized as a global leader in materials science and digital identification, operating in over 50 countries with approximately 35,000 employees.
Portfolio addresses branding, supply chain efficiency, waste reduction, sustainability, and consumer connectivity.
Broad exposure to diverse, largely consumer staples-driven end markets, with ~60% of sales in staples and ~30% in emerging markets.
High-value categories now comprise ~45% of sales, up from ~33% in 2019, driving outsized growth and margin expansion.
Leading positions in Materials Group, Solutions Group, and Intelligent Labels, each contributing to value creation and growth.
Financial performance and targets
2025 net sales reached $8.9 billion, with organic sales growth of 0.2% and adjusted EPS of $9.53, up 1% year-over-year.
Adjusted EBITDA margin held at 16.4% in 2025, with a long-term target of 17%+ by 2028.
Return on total capital (ROTC) was 15% in 2025, with a top quartile target compared to peers.
Strong free cash flow generation, with $707 million in adjusted FCF and 103% FCF conversion in 2025.
Disciplined capital allocation: $8B available for 2024-2028, with 50-55% for buybacks/M&A, 25-30% for capex/restructuring, and ~20% for dividends.
Segment highlights and growth drivers
Materials Group: $6.1B in 2025 sales, 3.2% 5-year CAGR, 17.4% adjusted EBITDA margin, with 38% of sales from high-value categories.
Solutions Group: $2.8B in 2025 sales, 12.7% 5-year CAGR, 17.3% adjusted EBITDA margin, with 60% of sales from high-value categories.
Intelligent Labels: ~15%+ long-term organic sales growth target, with significant TAM and low penetration outside apparel.
Embelex and Vestcom platforms drive growth through customization, digital solutions, and productivity enhancements for customers.
High-value categories have outperformed GDP and global retail volumes, expanding sales mix and supporting margin growth.
Intelligent Labels Food segment growth drivers
Offsetting 2025 temporary savings headwinds
M&A strategy to upgrade portfolio and accelerate
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Next Avery Dennison earnings date
Q1 202622 Apr, 2026
Avery Dennison
Next Avery Dennison earnings date
Q1 202622 Apr, 2026
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Frequently asked questions
Adhesives, Adhesives, Adhesives
Avery Dennison is an American company headquartered in Mentor, Ohio, and operating globally. The company produces a wide range of products with adhesive materials such as labels, brandings, RFID inlays, tags, and similar items. Its products are used in everything from retail sales to medical products, and Avery Dennison is one of the leaders in the materials science field. The company had its IPO in 1961, and today its shares trade on the NYSE.
R. Stanton Avery
Avery Dennison Corporation traces its roots back to 1935 when R. Stanton Avery invented the first self-adhesive label. The company quickly expanded from this point onward, creating a wide array of products utilizing Stanton Avery’s invention. An important milestone came in 1990 when the company merged with Dennison Manufacturing, a firm established in the 19th century that specialized in ticketing, tagging, and labeling systems. The combined entity, Avery Dennison, expanded its product range to include diverse offerings such as RFID-based solutions and packaging materials.
The Products
Over the years, the company's product portfolio has been used in various diverse sectors, from fashion and food to electronics and automotive. Avery Dennison Corporation produces a wide range of products primarily centered on adhesive materials, labels, and branding solutions. One of its core product lines is pressure-sensitive materials, which include self-adhesive labels used for product branding, barcoding, and tracking across various industries. The company also produces functional and decorative graphics solutions, suitable for vehicles, architectural design, and digital signages. Additionally, they provide tapes, fasteners, and adhesives designed for industrial, medical, and consumer applications. In the pursuit of greener business practices and sustainability, Avery Dennison has introduced environmentally friendly products, which focus on reducing waste and promoting recyclability.
Avery Dennison is one of the leaders in its field, but it’s not alone in producing these types of products. When looking at the company’s peers, one finds names like 3M and CCL among the competition.
RFID
Avery Dennison's RFID (Radio Frequency Identification) solutions represent a significant facet of its product portfolio, primarily designed to enhance supply chain visibility, inventory management, and loss prevention for retailers and other industries. These RFID tags and labels are embedded with tiny electronic devices that store and transmit information when activated by a radio frequency scanner.
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