Avery Dennison Corporation · NYSE:AVY
Avery Dennison — Q3 2019 Earnings Presentation
10 slides from Avery Dennison's earnings presentation, Oct 23, 2019
Slide 1: Third Quarter 2019 Financial Review and Analysis
Third Quarter 2019 Financial Review and Analysis 1 October 23, 2019 Supplemental Presentation Materials Unless otherwise indicated, comparisons are to the same period in the prior year. October 23, 2019 Third Quarter 2019 Financial Review and Analysis (preliminary, unaudited)
Slide 2: Safe Harbor Statement
Third Quarter 2019 Financial Review and Analysis 2 October 23, 2019 Safe Harbor Statement Certain statements contained in this document are "forward - looking statements" intended to qualify for the safe harbor from liab ility established by the Private Securities Litigation Reform Act of 1995. Thes
Slide 3: Use of Non-GAAP Financial Measures
Third Quarter 2019 Financial Review and Analysis 3 October 23, 2019 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 conf ormity with accounting principles generally accepted in the Unite
Slide 4: Third Quarter Review
Third Quarter 2019 Financial Review and Analysis 4 October 23, 2019 Third Quarter Review Reported EPS of $1.71; adj. EPS (non - GAAP) of $1.66 ● Reported sales up 0.1%, including a negative 2.0% impact from currency translation ○ Organic sales change (non - GAAP) of 2.1% ● Reported operating margin
Slide 5: Sales Trend Analysis
Third Quarter 2019 Financial Review and Analysis 5 October 23, 2019 Sales Trend Analysis * Totals may not sum due to rounding. 3Q18 4Q18 1Q19 2Q19 3Q19 Reported Sales Change 4.8% 1.9% (2.0%) (3.2%) 0.1% Organic Sales Change 6.1% 4.8% 2.4% 1.6% 2.1% Currency Translation (1.3%) (2.9%) (4.4%) (4.7%) (2
Slide 6: Third Quarter Sales and Margin Analysis
Third Quarter 2019 Financial Review and Analysis 6 October 23, 2019 Third Quarter Sales and Margin Analysis 3Q19 Reported Organic Sales Change : Label and Graphic Materials (0.8%) 1.2% Retail Branding and Information Solutions 2.1% 4.1% Industrial and Healthcare Materials 1.4% 3.7% Total Company 0.1
Slide 7: Third Quarter Segment Overview: Label and Graphic Materials
Third Quarter 2019 Financial Review and Analysis 7 October 23, 2019 LABEL AND GRAPHIC MATERIALS ● Reported sales of $1.19 bil., down 0.8% ○ On organic basis, sales up 1.2%, as volume/mix improved modestly • Label and Packaging Materials up low - single digits • Combined Graphics and Reflective Solut
Slide 8: Retail Branding and Information Solutions; Industrial and Healthcare Materials
Third Quarter 2019 Financial Review and Analysis 8 October 23, 2019 RETAIL BRANDING AND INFORMATION SOLUTIONS ● Reported sales of $407 mil., up 2.1% ○ On organic basis, sales up 4.1%, driven primarily by continued strength in RFID • RFID solutions up more than 20% ● Reported operating margin increas
Slide 9: 2019 EPS Guidance and Contributing Factors
Third Quarter 2019 Financial Review and Analysis 9 October 23, 2019 Adjusted EPS (non - GAAP) $6.50 – $6.60 Contributing Factors to 2019 Results $6.50 – $6.65 Previous Updated 2019 EPS Guidance ● Reported sales change of (1.4)% to (1.1)% (previously (0.5)% to 0%) including a 3.4 point headwind from
Slide 10: oration. All rights reserved.
Third Quarter 2019 Financial Review and Analysis 10 October 23, 2019 © 2017 Avery Dennison Corporation. All rights reserved.