Quick answer: latest quarter results, by ticker or company name

Reported Q: Q3 2024 Rev YoY: +1.5% EPS YoY: +5.6% Move: +0.82%

Avery Dennison

0HJR.L

$191.10 0.82%

Exchange LSE Sector Consumer Cyclical Industry Packaging Containers

Q3 2024

Published: Oct 29, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 0HJR.L

Reported

Report Date

Oct 29, 2024

Quarter Q3 2024

Revenue

2.18B

YoY: +1.5%

EPS

2.25

YoY: +5.6%

Market Move

+0.82%

Previous quarter: Q2 2024

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Earnings Highlights

Revenue of $2.18B up 1.5% year-over-year
EPS of $2.25 increased by 5.6% from previous year
Gross margin of 28.7%
Net income of 181.70M
"'We are committed to embedding sustainability at the core of our operations, which is increasingly vital for our clients.'" - Mitch Butier, CEO

0HJR.L

Avery Dennison Corporation

Period Q3 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 11, 2026

Executive Summary

In the third quarter of 2024, Avery Dennison Corporation (Ticker: 0HJR.L) reported a revenue of $2.183 billion, achieving annual growth of 1.49% yet experiencing a sequential decline of 2.32% from Q2. The slight revenue decline can be attributed to ongoing market volatility and competitive pressures. However, net income improved by 5.39% year-over-year to $181.7 million, highlighted by an EPS of $2.26, suggesting strong operational management amidst a challenging environment. Management emphasized their focus on innovation and sustainability initiatives, positioning Avery Dennison favorably in today's environmentally conscious market.

Key Performance Indicators

Revenue

Increasing

2.18B

QoQ: -2.32% | YoY: 1.49%

Gross Profit

Decreasing

626.60M

28.70% margin

QoQ: -5.45% | YoY: -0.89%

Operating Income

Increasing

279.70M

QoQ: -3.15% | YoY: 4.76%

Net Income

Increasing

181.70M

QoQ: 2.77% | YoY: 5.39%

EPS

Increasing

2.26

QoQ: 2.73% | YoY: 5.61%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $2.183B (YoY: 1.49%, QoQ: -2.32%)
- Gross Profit: $626.6M (YoY: -0.89%, QoQ: -5.45%)
- Net Income: $181.7M (YoY: 5.39%, QoQ: 2.77%)
- EPS: $2.26 (YoY: 5.61%, QoQ: 2.73%)
The decline in gross profit margin, particularly seen in QoQ results, is a concerning signal, predominantly due to heightened competition and cost pressures. Nevertheless, operating income increased to $279.7M, which points to improved operational efficiencies. The company continues to maintain a healthy net income margin of 8.32%.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.18B	1.49%	-2.32%
Gross Profit	626.60M	-0.89%	-5.45%
Operating Income	279.70M	4.76%	-3.15%
Net Income	181.70M	5.39%	2.77%
EPS	2.26	5.61%	2.73%

Key Financial Ratios

Gross Profit Margin

Fair

28.70%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

12.80%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

8.32%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

2.15%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

7.59%

Return on equity is acceptable but below top-tier companies

Current Ratio

Concern

0.92

Current ratio below safe levels, potential liquidity risk

Debt to Equity

High Risk

1.32

Debt-to-equity indicates high leverage and elevated financial risk

P/E Ratio

Fair Value

24.61x

P/E ratio in line with market averages

Price to Book

High Premium

7.47x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q2 2025	2,220.50	0.00	-0.7%	View
Q1 2025	2,148.30	2.09	-3.9%	View
Q4 2024	2,185.70	2.16	+1.6%	View
Q3 2024	2,183.40	2.25	+1.5%	View
Q2 2024	2,235.30	2.18	+5.9%	View

Avery Dennison (0HJR.L) Q3 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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