Avery Dennison 3Q 2026: Revenue $2.33B, Net income $169.7M, EPS $2.24— 10-Q Summary

What happened

Avery Dennison reported third-quarter 2026 revenue of $2.33 billion, net income of $169.7 million and diluted earnings per share of $2.24. These results were up 5.2%, 2% and 5.2%, respectively, from the same quarter a year earlier.

Confirmed

Global impact / market context

Revenue and earnings per share grew faster than net income, while the Materials Group’s sales gains came from higher prices and volumes. Restructuring has cut about 690 positions and is producing savings, but future savings may be partly offset as temporary cost savings fade.

Analyst inference

The reported growth reflects both pricing and volume, rather than price increases alone. Materials Group organic sales rose 5%, while Solutions Group organic sales rose 1%; this difference suggests growth was uneven across the company’s two groups, with effects on their contribution to sales.

Analyst inference

What to watch

1. Check whether management’s expected restructuring savings continue after transition costs, which are expenses linked to implementing changes, and whether fading prior-year temporary savings offset them. Confirmed
2. Watch for continued pricing and volume growth in Materials Group across North America, Europe and Asia Pacific, since both supported its latest organic sales increase. Analyst inference
3. Track whether Solutions Group’s low-single-digit base-business growth and modest intelligent-label sales gains strengthen, as this group’s organic sales growth was slower. Analyst inference

Evidence

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