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. These non-GAAP financial measures are not in accordance with, nor are they a substitute for or superior to, the comparable GAAP financial measures. Reconciliations of non-GAAP f
Slide 3: Third Quarter Overview
Third Quarter Overview Another solid quarter, slightly above our expectations Sales up approx. 5% on organic basis Operating margin, as reported, improved 160 basis points primarily due to productivity initiatives and higher volume, partially offset by higher employee-related costs Adjusted operatin
Slide 4: Sales Trend Analysis
3Q14 4Q14 1Q15 2Q15 3Q15 Organic Sales Change 3.2% 0.5% 3.0% 3.7% 4.6% Currency Translation 0.4% (3.7)% (7.2)% (9.5)% (9.5)% Extra Week -- ~4.5% ~3.0% -- -- Product Line Divestiture -- -- -- (0.4)% (1.0)% Reported Sales Change* 3.6% 1.3% (1.4)% (6.2)% (5.9)% Sales Trend Analysis * Totals may not sum
Slide 5: Segment Sales and Margin Analysis
Segment Sales and Margin Analysis 3Q15 Reported Organic Sales Growth: Pressure-sensitive Materials (6)% 5% Retail Branding and Information Solutions (4)% 4% Vancive Medical Technologies (6)% 3% Total Company (6)% 5% Adjusted As Reported* (Non-GAAP) 3Q15 3Q14 3Q15 3Q14 Operating Margin: Pressure-sens
Slide 6: Third Quarter Segment Overview
Third Quarter Segment Overview PRESSURE-SENSITIVE MATERIALS (PSM) Reported sales of $1.08 bil., down approx. 6% Sales up approx. 5% on organic basis Label and Packaging Materials sales up mid-single digits on organic basis Combined sales of Graphics and Performance Tapes up mid-single digits on orga
Slide 7: Contributing Factors to 2015 Results
Contributing Factors to 2015 Results At recent rates, reported net sales down ~6% (vs. previous assumption of 5.5% to 6.0%) Organic sales growth of ~4% (vs. previous assumption of 3.5% to 4.0%), adjusted for 2014 benefit from extra week of sales Loss of extra week and product line divestiture repres
Slide 8: 2015 EPS Guidance
2015 EPS Guidance Previous Updated Reported EPS $2.82 - $3.02 $2.80 - $2.90 Add Back: Estimated restructuring costs and other items ~$0.43 ~$0.50 Adjusted EPS (non-GAAP) $3.25 - $3.45 $3.30 - $3.40 Contributing Factors to 2015 Results > Atrecent rates, reported net sales down ~6% (vs. previous assum
Slide 9: A AVERY Inspired Brands.
A AVERY Inspired Brands. DENNISON intelligent World” wademarts of Avery Dennison Corporation. All “Company nas and afer information