Avery Dennison Corporation (AVY) has raised its guidance range for 2021 reported earnings per share to a range of $8.25 to $8.65 from a range of $7.50 to $7.90. Excluding an estimated $0.15 per share related to restructuring charges and other items, guidance for adjusted earnings per share has been raised to a range of $8.40 to $8.80 from a range of $7.65 to $8.05.

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Avery Dennison Corporation (AVY) has raised its guidance range for 2021 reported earnings per share to a range of $8.25 to $8.65 from a range of $7.50 to $7.90. Excluding an estimated $0.15 per share related to restructuring charges and other items, guidance for adjusted earnings per share has been raised to a range of $8.40 to $8.80 from a range of $7.65 to $8.05.

RTTNews | Apr 28, 2021 07:05AM EDT

07:04 Wednesday, April 28, 2021 (RTTNews.com) - Avery Dennison Corporation (AVY) has raised its guidance range for 2021 reported earnings per share to a range of $8.25 to $8.65 from a range of $7.50 to $7.90. Excluding an estimated $0.15 per share related to restructuring charges and other items, guidance for adjusted earnings per share has been raised to a range of $8.40 to $8.80 from a range of $7.65 to $8.05.

First quarter adjusted earnings per share was $2.40, up 45% from last year. Net sales increased 19.1% to $2.05 billion. Sales growth ex. currency was 10.9%. Organic sales growth was 8.8%, for the quarter.

"We are off to a strong start to the year, with earnings growth well above expectations, driven by higher volume and productivity gains across the portfolio," said Mitch Butier, Avery Dennison president and CEO.

Read the original article on RTTNews ( https://www.rttnews.com/3189005/avery-dennison-raises-fy21-adj-earnings-outlook-quick-facts.aspx)

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