Key Developments: Avery Dennison Corp (AVY)

AVY on New York Consolidated

48.43USD
15 Sep 2014
Price Change (% chg)

$0.17 (+0.35%)
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$48.26
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$52.24
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Latest Key Developments (Source: Significant Developments)

Avery Dennison Corp Comments On Long Term Guidance-Conference Call
Tuesday, 17 Sep 2013 09:45am EDT 

Avery Dennison Corp announced that the Company is targeting between fiscal 2012 and fiscal 2015 a consistent 15% to 20% of annual earnings growth. And that comes from a range of 3% to 5% topline growth. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $2.60 and revenue of $6.08 billion for fiscal 2013; EPS of $2.99 and revenue of $6.29 billion for fiscal 2014; EPS of $3.39 and revenue of $6.52 billion for fiscal 2015.  Full Article

Avery Dennison Corp Declares Quarterly Dividend
Thursday, 25 Jul 2013 08:01am EDT 

Avery Dennison Corp announced that it has declared a quarterly cash dividend $0.29 per share. The dividend is payable September 18, 2013, to shareholders of record on September 4, 2013.  Full Article

Avery Dennison Corp Narrows FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Tuesday, 23 Jul 2013 08:30am EDT 

Avery Dennison Corp announced that for fiscal 2013, it expects earnings per share (EPS) from continuing operations of $2.40 to $2.60. Excluding an estimated $0.10 per share for restructuring costs and other items, net of gain on sale of assets, the Company expects adjusted (non-GAAP) earnings per share (EPS) from continuing operations of $2.50 to $2.70. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $2.58 for fiscal 2013.  Full Article

Avery Dennison Corp Completes Sale Of Two Businesses To CCL Industries Inc
Monday, 1 Jul 2013 11:30am EDT 

Avery Dennison Corp announced that it has completed the sale of its Office and Consumer Products and Designed and Engineered Solutions businesses to CCL Industries Inc for $500 million, subject to customary closing adjustments expected to be finalized during the third quarter. Avery Dennison continues to expect net proceeds from the sale of approximately $400 million, and intends to use them to repurchase shares and make an additional pension plan contribution.  Full Article

Avery Dennison Corp Increases Quarterly Dividend
Thursday, 25 Apr 2013 04:00pm EDT 

Avery Dennison Corp announced that the board declared a quarterly cash dividend of $0.29 per share, reflecting a two cent, or 7%, increase over the previous dividend. The dividend is payable June 19, 2013, to shareholders of record on June 5, 2013.  Full Article

Avery Dennison Corp Lowers High End of Prior FY 2013 EPS Guidance To A Range In Line With Analysts' Estimates
Wednesday, 24 Apr 2013 08:30am EDT 

Avery Dennison Corp announced that for fiscal 2013, earnings per share (EPS) from continuing operations of $2.23 to $2.58. Excluding an estimated $0.17 per share for restructuring costs and other items, net of gain on sale of assets, the Company expects adjusted (non-GAAP) earnings per share from continuing operations of $2.40 to $2.75. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $2.56 for fiscal 2013.  Full Article

3M Co And Avery Dennison Corp. Conclude Patent Infringement And Related Lawsuits
Thursday, 28 Mar 2013 08:10pm EDT 

3M Co along with its wholly-owned subsidiary 3M Innovative Properties Co., announced that they have successfully concluded their lawsuits against Avery Dennison Corp. relating to retroreflective sheeting products used on traffic signs, pavement markings and other traffic control products. 3M’s patent infringement litigation against Avery has been resolved with the court entering a consent judgment in favor of 3M. Avery’s separate claims of patent infringement and antitrust violations against 3M have been dismissed by the court with prejudice.  Full Article

Avery Dennison Corp Issues FY 2013 EPS Guidance In Line With Analysts' Estimates
Wednesday, 30 Jan 2013 07:35am EST 

Avery Dennison Corp announced that for fiscal 2013, it expects earnings per share (EPS) from continuing operations of $2.23 to $2.63. Excluding an estimated $0.17 per share for restructuring costs and other items, the Company expects adjusted (non-GAAP) earnings per share from continuing operations of $2.40 to $2.80. According to I/B/E/S estimates, analysts were expecting the Company to report EPS of $2.37 for fiscal 2013.  Full Article

Avery Dennison Corp Announces Definitive Agreement to Sell Two Businesses to CCL Industries Inc for $500 Million
Wednesday, 30 Jan 2013 07:32am EST 

Avery Dennison Corp announced that it has signed a definitive agreement to sell its Office and Consumer Products (OCP) and Designed and Engineered Solutions (DES) businesses to CCL Industries Inc, is in specialty packaging solutions, for $500 million in cash. The transaction is subject to customary closing conditions, adjustments and regulatory approvals, and is expected to be completed in mid-2013. Avery Dennison intends to use the expected net sale proceeds of approximately $400 million to repurchase shares and make an additional pension contribution. Avery Dennison`s Office and Consumer Products business is one of the world`s suppliers of printable media and other products, with 2012 sales of approximately $730 million and adjusted operating income of approximately $86 million. J.P. Morgan Securities LLC advised Avery Dennison on the transaction. Latham & Watkins served as Avery Dennison`s legal counsel.  Full Article

Avery Dennison Corp Declares Quarterly Dividend
Wednesday, 23 Jan 2013 08:00am EST 

Avery Dennison Corp announced it has declared a quarterly cash dividend of $0.27 per share. The dividend is payable March 20, 2013 to shareholders of record on March 6, 2013.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

THOMSON REUTERS, Apr 24,2014 - Corporate Meetings for US companies for Week ahead. S&P 500 Earnings - Weekly S&P 500 Earnings - Day Ahead Non S&P 500 - Weekly Non S&P 500 - Day Ahead ConferenceCall/Webcast - Weekly ConferenceCall/Webcast - Day S&P 500 Earnings - Monthly Meetings - Day Ahead Economic Indicators Dividends Daily earnings hits & misses Federal Rese

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