Avery Dennison Corporation (AVY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

the replay, please dial 800-770-2030 or 609-800-9909 for international callers. The conference ID number is 585-5706. I'd now like to turn the call over to John Eble, Avery Dennison's Vice President of Finance and Investor Relations. Please go ahead, sir. Thank you, Regina. Please note that throughout today's discussion, we'll be making references to non-GAAP financial measures. The non-GAAP measures that we use are defined, qualified, and reconciled from GAAP on Schedules A4 to A8 of the financial statements accompanying today's earnings release. We remind you that we'll make certain predictive statements that reflect our current views and estimates about our future performance and financial results. These forward-looking statements are made subject to the Safe Harbor Statement included in today's earnings release. On the call today are Dion Stander, President and Chief Executive Officer, and Greg Lovins, Senior Vice President and Chief Financial Officer. I'll now turn the call over to Dion. Thanks, John, and hello, everyone. We delivered a strong first quarter in a dynamic environment, with earnings per share up 4% ex-currency and in line with expectations. We grew volume in both segments with strong growth in high-value categories and expanded overall margins. Materials Group delivered solid volume growth and strong margins as we continue to drive productivity across our businesses. Our strategy to expand our position in high-value categories, which makes up more than a third of Materials Group sales, is working. We delivered high single-digit organic growth for these products in the first quarter, with particular strength in graphics and reflective solutions and industrial tapes. Our leadership position in our base business is strong as we continue to differentia...