Avery Dennison Corporation (AVY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to Avery Dennison's Earnings Conference Call for the Second Quarter Ended on 06/30/2026. During the presentation, all participants will be in a listen only mode. Afterward, we will conduct a Q and A session. As a reminder, this webcast is being recorded and will be available for replay on the Avery Dennison Investor Relations website. I would now like to turn the call over to William Gilchrist, Avery Dennison's Vice President of Investor Relations. Please go ahead, sir. Thank you, Ellen, and welcome to Avery Dennison's second quarter twenty twenty six earnings conference call. 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 A-four to A-eight for the financial statements accompanying today's earnings release. 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 Lovens, Senior Vice President and Chief Financial Officer. I'll now turn the call over to Dion. Thanks, Gilly, and good morning, everyone. We delivered strong second quarter results across the board. On a year over year basis, organic sales growth accelerated to 8%, adjusted EBITDA margins expanded, adjusted EPS grew by 19, and adjusted free cash flow generation was strong at more than $360,000,000 While these results benefited from continued customer inventory stocking materials group, excluding this tailwind, we continue to drive a s...