Slide 1: Forward-looking statements
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, are subject to certain
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 financial results in conformity with accounting principles generally accepted in the United States of America, or GAAP, and also communicate with investors using certa
Slide 3: Third Quarter Review
Third Quarter Review Another solid quarter overall, with EPS above expectations Sales increased approx. 3% on both a reported and organic (non-GAAP) basis Reported operating margin improved 60 basis points primarily due to productivity initiatives and higher volume, partially offset by higher employ
Slide 4: Sales Trend Analysis
3Q15 4Q15 1Q16 2Q16 3Q16 Reported Sales Change (5.9)% (9.3)% (2.8)% 1.7% 2.8% Currency Translation 9.5% 8.0% 5.6% 1.7% 1.7% Acquisitions/Divestitures 1.0% 1.0% 1.0% 0.6% (1.8)% Extra Week -- ~7.5% -- -- -- Organic Sales Change* 4.6% 7.1% 3.8% 4.0% 2.7% Sales Trend Analysis * Totals may not sum due t
Slide 5: Third Quarter Segment Sales and Margin Analysis
Third Quarter Segment Sales and Margin Analysis 3Q16 Reported Organic Sales Growth: Pressure-sensitive Materials 4% 3% Retail Branding and Information Solutions 1% 2% Vancive Medical Technologies (20)% (20)% Total Company 3% 3% Adjusted Reported (Non-GAAP) 3Q16 3Q15 3Q16 3Q15 Operating Margin: Press
Slide 6: Third Quarter Segment Overview
Third Quarter Segment Overview PRESSURE-SENSITIVE MATERIALS (PSM) Reported sales of $1.12 bil., up approx. 4% compared to prior year Sales up approx. 3% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined Graphics and Performance Tapes down low single
Slide 7: Contributing Factors to 2016 Results
Contributing Factors to 2016 Results At recent currency translation rates, reported net sales up 1% to 1.5% (vs. previous assumption of 1% to 2%) Organic sales growth (non-GAAP) of 3% to 3.5% (vs. previous assumption of 3% to 4%) Based on recent rates, currency translation represents: ~2.5% reductio
Slide 8: 2016 EPS Guidance
2016 EPS Guidance Previous Updated Reported EPS $3.35-$3.50 $3.50 - $3.55 Add Back: Est. restructuring charges and other items ~$0.15 ~$0.15 Est. non-cash charge to settle certain U.S. pension obligations $0.30 $0.30 Adjusted EPS (non-GAAP) $3.80-$3.95 $3.95- $4.00 Contributing Factors to 2016 Resul
Slide 9: Avery Dennison Inspired Brands
A AVERY Inspired Brands. DENNISON intelligent World” wademarts of Avery Dennison Corporation. All “Company nas and afer information