Tag Archives: Avery Dennison

Business, Finance, Occupation & Industry

Avery Dennison to Webcast 1st Quarter 2013 Earnings Conference Call

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By Business Wirevia The Motley Fool

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Avery Dennison to Webcast 1st Quarter 2013 Earnings Conference Call

PASADENA, Calif.–(BUSINESS WIRE)– Avery Dennison Corporation (NYS: AVY) will host its first quarter 2013 earnings conference call in a live Webcast for investors, equity analysts, portfolio managers and media representatives at 2:00 p.m. Eastern time/11:00 a.m. Pacific time on Wednesday, April 24, 2013. The Webcast will follow the Company’s first quarter 2013 earnings news release which will be issued earlier that morning at 8:30 a.m. Eastern time/5:30 a.m. Pacific time.

The webcast can be accessed at www.investors.averydennison.com. A replay will be available following the event.

About Avery Dennison

Avery Dennison (NYS: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2012. Learn more at www.averydennison.com.

Avery Dennison Corporation
Media Relations:
David Frail, 626-304-2014
david.frail@averydennison.com
or
Investor Relations:
Priscilla Silva, 626-304-2165
investorcom@averydennison.com

KEYWORDS:   United States  North America  California

INDUSTRY KEYWORDS:

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison Prices $250 Million Senior Notes Offering

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By Business Wirevia The Motley Fool

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Avery Dennison Prices $250 Million Senior Notes Offering

PASADENA, Calif.–(BUSINESS WIRE)– Avery Dennison Corporation (NYS: AVY) announced today that it has priced an underwritten public offering of $250,000,000 aggregate principal amount of 3.35% Senior Notes due 2023. The Senior Notes were priced at 99.898% of their principal amount. The offering is expected to close on April 8, 2013, subject to customary closing conditions.

Avery Dennison intends to use the net proceeds from the offering to repay existing indebtedness under its commercial paper program.

The joint book-running managers for this offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities LLC, RBS Securities Inc., and Wells Fargo Securities, LLC, with HSBC Securities (USA) Inc. and Mitsubishi UFJ Securities (USA), Inc. as co-managers.

Avery Dennison has filed a registration statement with the SEC relating to the offering. The offering may be made only by means of a preliminary prospectus supplement and accompanying prospectus, copies of which may be obtained from Merrill Lynch, Pierce, Fenner & Smith Incorporated at Attn: Prospectus Department, 222 Broadway, 11th Floor, New York, NY 10038, by calling (800) 294-1322 or by emailing dg.prospectus_requests@baml.com, or J.P. Morgan Securities LLC at Attn: Investment Grade Syndicate Desk, 383 Madison Avenue, 3rd Floor, New York, NY 10179, or by calling (212) 834-4533.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About Avery Dennison

Avery Dennison (NYS: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2012.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This press …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison and VeriFone Create Breakthrough Smart Device-Enabled In-Store Price Marking Solution

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By Business Wirevia The Motley Fool

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Avery Dennison and VeriFone Create Breakthrough Smart Device-Enabled In-Store Price Marking Solution

Avery Dennison Partners with Global Market Leader to Maximize the Value of Existing Smart Devices to Further Advance the Rapid Expansion of Smart Device Use at Retail

FRAMINGHAM, Mass.–(BUSINESS WIRE)– Avery Dennison Retail Branding and Information Solutions (RBIS) division, a global leader in apparel and footwear industry solutions, is pleased to announce it has partnered with VeriFone, the leading provider of next-generation mobile retail software, to equip retailers with the GlobalBay Retailing solution, which provides the most productive and accurate markdown solution to date. Through the partnership and the development of its own smart device compatible technology, Avery Dennison strengthens its ability to provide retailers with effective solutions for mobile devices.

Smart devices are infiltrating the retail environment, improving the customer experience with more efficient and productive interactions between shoppers and associates. They are also establishing a better way to keep track of and manage inventory data. As more retailers continue to arm their employees with smart devices to help customers, it will be important for them to look at how they can get the most out of these implementations. Through the Avery Dennison and VeriFone partnership, retailers can now add price markdown capabilities into their existing smart device systems quickly and easily.

Markdowns are a fact of life in apparel, with 35 percent of unit volume moving at discounted pricing. Effective execution is critical, but most retailers currently rely on an inaccurate, labor-intensive process. Using the traditional “red pen” markdown process, store associates can only complete three garments per minute with 63 percent accuracy. 1 That means that over a third of items are mismarked, leading to lost sales when a potential customer fails to see the deal the retailer intended to offer. There’s also no way for the merchandising team to monitor the timing and execution of the markdown process, and to work with store operations to address stores that have particular execution challenges.

The Avery Dennison solution includes a robust, turnkey markdown application developed through the new partnership that enables retailers to maximize the use of the smart devices that they are currently investing in for customer service, to improve sales and save labor through a more effective markdown process. Combined with Avery Dennison‘s own smart device compatible Pathfinder™ 6140 Printer, a one-piece scan, print and apply handheld price marking technology, the Avery Dennison Markdown application ensures markdowns are executed accurately and productively. It also …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison Announces Early Termination of Waiting Period for Sale of Two Businesses to CCL Indus

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By Business Wirevia The Motley Fool

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Avery Dennison Announces Early Termination of Waiting Period for Sale of Two Businesses to CCL Industries

PASADENA, Calif.–(BUSINESS WIRE)– Avery Dennison Corporation (NYS: AVY) announced today that the U.S. Federal Trade Commission has granted early termination of the Hart-Scott-Rodino waiting period for the company’s proposed sale of its Office and Consumer Products (OCP) and Designed and Engineered Solutions (DES) businesses to CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B).

The companies will continue to work toward closing and expect to complete the sale in mid-2013.

About Avery Dennison

Avery Dennison (NYS: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of products used in every major market and industry. With operations in more than 50 countries and 30,000 employees worldwide, Avery Dennison serves customers with insights and innovations that help make brands more inspiring and the world more intelligent. Headquartered in Pasadena, California, the company reported sales from continuing operations of $6 billion in 2012. Learn more at www.averydennison.com.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

Certain statements contained in this press release 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 are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or anticipated results depending on a variety of factors, including but not limited to risks and uncertainties relating to the following: (1) the occurrence of any event, change or other circumstance that could give rise to the termination of the transaction; (2) the outcome of any legal proceedings that may be instituted against the Company and others regarding the transaction; (3) the inability to complete a transaction due to the failure to satisfy conditions to the transaction; and (4) risks that the proposed transaction disrupts current plans and operations and the potential difficulties in employee retention as a result of announcing the transaction.

For a discussion of the risk factors that could affect the Company’s financial performance, see Part I, Item 1A. “Risk Factors” and Part II, Item 7.”Management’s Discussion and Analysis of Results of Operations and …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison Cracks Open New Craft Beer Portfolio

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By Business Wirevia The Motley Fool

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Avery Dennison Cracks Open New Craft Beer Portfolio

Collection of pressure-sensitive materials provides brand owners opportunities for different label shapes, and printing and finishing techniques

MENTOR, Ohio–(BUSINESS WIRE)– Avery Dennison Label and Packaging Materials introduced a new portfolio of pressure-sensitive label materials for the craft beer market at BrewExpo America 2013 in Washington, D.C. The portfolio features 10 pressure-sensitive facestocks and four adhesives that meet the design and application needs of craft beer brand owners.

Avery Dennison introduces pressure-sensitive label materials for the craft beer industry. (Photo: Business Wire)

The new portfolio provides breweries a wide range of label materials, plus the ability to create unique label shapes and utilize dynamic printing and finishing capabilities that only pressure-sensitive materials can provide.

The portfolio’s materials include paper and film facestocks that meet market demand for wet-strength and sustainable items. These options allow brand owners to obtain their most desired look, be it with clear film or a paper-faced material.

Five of the portfolio’s facestocks are paired with Avery Dennison‘s new Z3338 emulsion adhesive, which enables craft beer brand owners to secure pressure-sensitive label materials on surfaces with heavy condensation. Compared to adhesives currently used with beer-bottle labels, Z3338 provides in-line, wet-applied label positioning that improves operational efficiencies, including ease of setup and cleanup, reduced line downtime, changeover simplicity and less product obsolescence.

“Successful marketers drive consumer preference by differentiating their brand packaging, which is very important for success in a crowded segment such as craft beer,” said Laura Clark, global director, Beer and Beverage for Avery Dennison Label and Packaging Materials. “Through their ability to accept multiple printing techniques and accents, pressure-sensitive label materials can help deliver that differentiation allowing brands to create unique, meaningful on-bottle stories that connect with consumers.”

To maximize the advantages of pressure-sensitive labeling, Avery Dennison offers brand owners technical expertise and package prototyping assistance.

Swatch books and more information about the craft beer labeling materials portfolio from Avery Dennison are available at 1-800-944-8511 or label.averydennison.com.

About Avery Dennison

Avery Dennison (NYS: AVY) is a global leader in labeling and packaging materials and solutions. The company’s applications and technologies are an integral part of …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

This Metric Suggests You're Right to Own Avery Dennison.

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By Seth Jayson, The Motley Fool

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Here at The Motley Fool, I’ve long cautioned investors to keep a close eye on inventory levels. It’s a part of my standard diligence when searching for the market’s best stocks. I think a quarterly checkup can help you spot potential problems. For many companies, products that sit on the shelves too long can become big trouble. Stale inventory may be sold for lower prices, hurting profitability. In extreme cases, it may be written off completely and sent to the shredder.

Basic guidelines
 In this series, I examine inventory using a simple rule of thumb: Inventory increases ought to roughly parallel revenue increases. If inventory bloats more quickly than sales grow, this might be a sign that expected sales haven’t materialized. Is the current inventory situation at Avery Dennison (NYS: AVY) out of line? To figure that out, start by comparing the company’s inventory growth to sales growth. How is Avery Dennison doing by this quick checkup? At first glance, pretty well. Trailing-12-month revenue increased 0.2%, and inventory decreased 0.4%. Comparing the latest quarter to the prior-year quarter, the story looks decent. Revenue grew 5.3%, and inventory contracted 0.4%. Over the sequential quarterly period, the trend looks healthy. Revenue grew 3.0%, and inventory dropped 11.2%.

Advanced inventory

I don’t stop my checkup there, because the type of inventory can matter even more than the overall quantity. There’s even one type of inventory bulge we sometimes like to see. You can check for it by examining the quarterly filings to evaluate the different kinds of inventory: raw materials, work-in-progress inventory, and finished goods. (Some companies report the first two types as a single category.)

A company ramping up for increased demand may increase raw materials and work-in-progress inventory at a faster rate when it expects robust future growth. As such, we might consider oversized growth in those categories to offer a clue to a brighter future, and a clue that most other investors will miss. We call it “positive inventory divergence.”

On the other hand, if we see a big increase in finished goods, that often means product isn’t moving as well as expected, and it’s time to hunker down with the filings and conference calls to find out why.

What’s going on with the inventory at Avery Dennison? I chart the details below for both quarterly and 12-month periods.

Source: S&P Capital IQ. Data is current as of latest fully reported quarter. Dollar amounts in millions. FY = fiscal year. TTM = trailing 12 months.

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison Announces Responsible Paper Procurement Policy

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By Business Wirevia The Motley Fool

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Avery Dennison Announces Responsible Paper Procurement Policy

PASADENA, Calif.–(BUSINESS WIRE)– Avery Dennison Corporation (NYS: AVY) announced today that it has formalized a company-wide policy to promote responsible paper sourcing and procurement. The policy will be available in the Reports and Downloads section of the company’s sustainability website.

“As a leader in labeling and packaging materials and solutions, we recognize that we have a responsibility to help our customers and our industry become more sustainable,” said Dean Scarborough, Avery Dennison chairman, president and CEO. “Our policy will guide us in sourcing materials responsibly, using them more efficiently in our operations, and developing greener products from them.”

Developed with the support of non-governmental organization Rainforest Alliance, Avery Dennison‘s policy commits the company and its businesses to:

  • Identify and disclose the sources of the pulp, natural fiber and paper in its labeling and packaging materials and solutions
  • Help ensure that its suppliers follow sustainable forest management practices
  • Evaluate and reward sound environmental performance on the part of its supply chain partners
  • Seek to maximize its use of recycled content and fiber sourced from Forest Stewardship Council-certified forestry operations
  • Work to avoid controversial fiber sources

Avery Dennison is working with external certification experts, including Rainforest Alliance, to assess the potential risk to the company’s supply chain of illegal timber or irresponsibly harvested fiber and develop systems and procedures for documenting, verifying and reporting supplier performance.

“We will review our policy and commitments on a regular basis to ensure they reflect the state of the industry and are based on the best available scientific evidence,” Scarborough said. “Our goal is to help minimize the environmental and social impacts of our sourcing decisions across the entire paper lifecycle.”

Avery Dennison materials and solutions that provide sustainable advantages include a new portfolio of Forest Stewardship Council (FSC)-certified paper label materials; a portfolio of labeling products containing 10 to 100 percent post-consumer waste; and a wide range of apparel labels and packaging made from recycled and recyclable papers. In addition, 49 of Avery Dennison‘s facilities have attained FSC chain-of-custody certification. Only FSC CoC-certified operations are allowed to label products with the FSC trademarks.

…read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Avery Dennison Unveils New North American Collection of Price-Neutral FSC®-Certified Label Construct

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By Business Wirevia The Motley Fool

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Avery Dennison Unveils New North American Collection of Price-Neutral FSC ® -Certified Label Constructions

MENTOR, Ohio–(BUSINESS WIRE)– Avery Dennison Label and Packaging Materials today introduced a new collection of North American Forest Stewardship Council (FSC)-certified paper label materials. The new products’ prices are comparable with those of non-certified alternatives to drive the use of FSC-certified materials throughout the value chain.

The new collection of FSC-certified products contains 22 specifications featuring three paper facestocks – Fasson® 54# Semi-Gloss FSC, Fasson Lightweight Dairy FSC and Fasson Estate Label® No. 8 FSC – commonly used in wine, spirits, dairy and food applications. The new offering is a result of the company’s commitment to develop and offer sustainable label and packaging solutions to converters and brand owners.

“We have heard clearly from members of our value chain about the need for innovations that focus on improving sustainability,” said Darrell Hughes, vice president and general manager, Materials Group North America. “As a market leader, it’s our responsibility to produce and promote items that contribute to the environmental health of our planet. This price-neutral collection of select FSC-certified constructions is the next step in our effort to make our industry more sustainable.”

Avery Dennison is one of more than 3,500 FSC chain of custody (COC)-certified U.S. companies. FSC, whose mission is to promote environmentally sound, socially beneficial and economically prosperous management of the world’s forests, has earned a reputation as the most rigorous, credible forest certification system available. FSC‘s COC certification process traces the path of products from forests through the supply chain, verifying that FSC-certified material is identified or separated from non-certified material throughout the supply chain.

In addition to FSC-certified products, Avery Dennison manufactures and markets a variety of items that provide sustainable advantages, including:

  • Post-Consumer Waste (PCW) Paper label portfolio – Selection of products containing levels of PCW ranging from 10 – 100 percent.
  • Association of Postconsumer Plastic Recyclers-approved label portfolio – Collection of pressure-sensitive solutions specifically designed to comply with the Canadian Thermoform Recycling Initiative.
  • Bottle-to-Bottle film label portfolio – Constructions that cleanly separate from the polyethylene terephthalate (PET) flake during recycling resulting in pure flakes, the conservation of virgin PET resources and less landfill waste.
  • Fasson® Wash-Off label portfolio – Labels which can be removed from bottles with no adhesive residue. The labels are washed off in conventional …read more
    Source: FULL ARTICLE at DailyFinance
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Avery Dennison Turns Triple Play, Stock Tagging Fresh Highs

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By Zacks.com, Contributor

Avery Dennison completed a triple play in the fourth quarter: a positive earnings surprise, a positive sales surprise, and strong management guidance. This prompted analysts to revise their estimates higher for both 2013 and 2014, sending the stock to a Zacks Rank #1 (Strong Buy) stock. Although shares have risen more than 10% off the strong quarter, valuations still look very reasonable. So shares of Avery Dennison have plenty of room to continue marching higher. Avery Dennison manufactures labeling and packaging materials for a wide variety of industries around the globe. It reports its results in three segments: -Pressure-sensitive Materials: 71% of total sales -Retail Branding & Information Solutions: 25% -Other Specialty Converting Businesses: 4% Pressure-sensitive materials consist primarily of papers, plastic films, metal foils and fabrics, which are coated with special adhesives, and then laminated with specially coated backing papers and films. These label and packaging materials are sold worldwide to label printers and converters for labeling, decorating, fastening, electronic data processing and special applications in the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market segments. The Retail Branding & Information Solutions segment makes a wide variety of brand identification and information management products for retailers, apparel manufacturers, distributors and industrial customers around the globe. Its brand identification products include woven and printed labels, graphic tags and barcode tags, and its information management products include price tickets, carton labels, RFID tags and printing applications. Avery Dennison was founded in 1935 and is headquartered in Pasadena, California. It has a market cap of $4.0 billion. Special Offer: We asked some of the most successful investors in the country to name their #1 pick for 2013. Get details on their top 10 stocks in this free report, Forbes Top Stocks for 2013…10 to Buy Now. Solid Fourth Quarter Results Avery Dennison delivered better-than-expected Q4 results on January 30. Earnings per share came in at 54 cents, well ahead of the Zacks Consensus Estimate of 49 cents. It was a 50% increase over the same quarter in 2011. Net sales rose 5% to $1.532 billion, beating the Zacks Consensus Estimate of $1.486 billion. Organic sales growth was even better at 7%. The Pressure-sensitive Materials segment saw organic top-line growth of 6% while sales in Retail Branding & Information Solutions jumped 10%, driven by increased demand from U.S. and European retailers and brands, including accelerating RFID adoption. Meanwhile, the adjusted operating margin expanded 170 basis points to 6.6%. Bullish Guidance Following strong Q4 results, management provided encouraging guidance for 2013. The company expects adjusted EPS from continuing operations of $2.40 to $2.80 in 2013, which prompted analysts to revise their estimates higher. The ZacksConsensus Estimate for 2013 is now $2.57, up from $2.45 before the Q4 release. This represents 23% growth over 2012 EPS. The 2014 consensus increased too, rising 15 cents to $2.86. This corresponds with 12% annual EPS growth. It is a Zacks Rank #1 (Strong Buy) stock. Valuation Shares of AVY are up …read more
Source: FULL ARTICLE at Forbes Latest