Slide 1: Safe Harbor Statement
Safe Harbor Statement Certain statements contained in this document are "forward-looking statements" intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements, and financial or other business targets,
Slide 2: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures This presentation contains certain non-GAAP financial measures as defined by SEC rules. We report our financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using c
Slide 3: Q2 Results Ahead of Our Expectations
Q2 Results Ahead of Our Expectations GAAP EPS of $1.34; Adj. EPS of $1.31, up 20% driven by solid operating results and a lower tax rate Reported sales increased 6%; sales change ex. currency (non-GAAP) of 7% Organic sales change (non-GAAP) of approx. 3% Reported operating margin improved 280 bps du
Slide 4: Sales Trend Analysis
2Q16 3Q16 4Q16 1Q17 2Q17 Reported Sales Change 1.7% 2.8% 6.6% 5.8% 5.5% Currency Translation 1.7% 1.7% 1.2% 1.1% 1.1% Sales change ex. currency* 3.4% 4.5% 7.8% 6.9% 6.7% Acquisitions/Divestitures 0.6% (1.8)% (2.5)% (3.0)% (3.7)% Organic Sales Change* 4.0% 2.7% 5.3% 3.9% 2.9% Sales Trend Analysis * T
Slide 5: Second Quarter Segment Sales and Margin Analysis
Second Quarter Segment Sales and Margin Analysis 2Q17 Reported Ex. Currency Organic Sales Change: Label and Graphic Materials 5.5% 6.6% 2.3% Retail Branding and Information Solutions 4.6% 5.8% 5.8% Industrial and Healthcare Materials 8.7% 10.3% (0.1)% Total Company 5.5% 6.7% 2.9% Reported Adjusted (
Slide 6: Second Quarter Segment Overview
LABEL AND GRAPHIC MATERIALS (LGM) Reported sales of $1.1 bil., up 5% Sales change ex. currency up 7%; up approx. 2% on organic basis driven by solid growth in high value categories, with modest growth in the base business Operating margin increased 20 basis points to 13.2% Adjusted operating margin
Slide 7: Second Quarter Segment Overview (cont.)
INDUSTRIAL AND HEALTHCARE MATERIALS (IHM) Reported sales of $129 mil., up 9% Sales change ex. currency up 10%; essentially flat on an organic basis Sales in industrial categories increased low-double digits on organic basis As expected, healthcare categories declined Operating margin declined 580 ba
Slide 8: 2017 EPS Guidance
2017 EPS Guidance 2017 EPS Guidance Add Back: Est. restructuring costs and other items ~$0.30 Adjusted EPS (non-GAAP) Reported EPS $4.45 – $4.60 $4.75 – $4.90 Reported and ex. currency sales change of 7.0% to 8.0% (including closed acquisitions) Organic sales growth of 3.5% to 4.5% Currency translat
Slide 9: 2017 EPS Guidance
2017 EPS Guidance Previous Updated Reported EPS $4.20 — $4.35 $4.45 — $4.60 Add Back: Est. restructuring costs and other items ~$0.30 ~$0.30 Adjusted EPS (non-GAAP) $4.50 - $4.65 $4.75 - $4.90 Contributing Factors to 2017 Results ‘* Reported and ex. currency sales change of 7.0% to 8.0% (including c
Slide 10: Avery Dennison
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