Avery Dennison Corporation is a global leader in labeling and packaging materials and solutions.
The company is based in East Pasadena, California, USA.
It was founded in 1935 by Mr. and Mrs. Ray Stanton Avery in Los Angeles, California, under the name Kum Kleen Products. They created and patented the first self-adhesive, die-cut labeling machine.
The company currently has operations in more than 50 countries and 25,000 employees worldwide.
Its business focuses are:
Label and Packaging Materials: producing pressure-sensitive adhesive label and packaging materials.
Graphics and Reflective Solutions: producing an array of high-quality digital, sheet-fed, offset and screen printing and computer-cut lettering options.
Performance Tapes: developing and manufacturing high-performance, standardized and customized pressure-sensitive tapes.
Retail Branding and Information Solutions: graphic embellishments and product identification technologies.
Radio Frequency Identification (RFID): the company’s track-and-trace technologies can help accelerate inventory process speeds.
Vancive Medical Technologies: manufacturing and developing adhesive chemistries and advanced medical tapes, films and technologies.
Overview
- President, Chairman and CEO: Dean A. Scarborough
- Industry: Packaging and Labeling
- Type: Public
- Listed on the New York Stock Exchange (NYSE)
- NYSE stock symbol: AVY
- S&P 500 Component
- Founded: 1935
- Net sales: $6.330 billion USD (2014)
- Net income: $248.9 million USD (2014)
- Diluted earnings per share: $2.60 USD (2014)
- Company head office: 207 Goode Avenue, Glendale, CA 91203-1222, USA
- Employees: 25,000 (2014)
- Website: http://www.averydennison.com/
- Corporate contact number: (626) 304-2000
Avery Dennison Corporation Financial Results
| Operating data (in $ millions) | 2014 | 2013 |
| Net sales | $6,330.3 | $6,140.0 |
| Cost of products sold | $4,679.1 | $4,502.3 |
| Gross profit | $1,651.2 | $1,637.7 |
| Marketing, general and administrative expense | $1,155.3 | $1,179.0 |
| Interest expense | $63.3 | $59.0 |
| Other expense, net | $68.2 | $36.6 |
| Income from continuing operations before taxes | $364.4 | $363.1 |
| Provision for income taxes | $113.3 | $118.8 |
| Income from continuing operations | $251.1 | $244.3 |
| (Loss) income from discontinued operations, net of tax | $(2.2) | $(28.5) |
| Net income | $248.9 | $215.8 |
| Balance sheet data (in $ millions) | ||
| Total assets | $4,360.2 | $4,610.6 |
| Long-term debt and capital leases | $945.3 | $950.6 |
| Total stockholders’ equity | $1,066.5 | $1,492.2 |
| Common share data (in $) | ||
| Basic earnings per share | $2.65 | $2.19 |
| Diluted earnings per share | $2.60 | $2.16 |
| Cash flow data (in $ thousands) | ||
| Cash provided by operating activities | $374.2 | $320.1 |
| Cash provided by (used in) investing activities | $(170.4) | $339.4 |
| Cash (used in) financing activities | $(323.5) | $(546.2) |
| Cash and cash equivalents at beginning of fiscal year | $351.6 | $235.4 |
| Cash and cash equivalents at end of fiscal year | $227.0 | $351.6 |
Source: “Avery Dennison Corporation Form 10-K 2014”