Avery Dennison reported second-quarter 2026 net sales of $2.5 billion, up 10.9%, with organic growth of 7.6%. Adjusted earnings per share rose 19.4% to $2.89.
The Materials Group grew reported sales 15.9% to $1.8 billion, or 9.7% organically, on high-single-digit volume/mix gains and low-single-digit price increases, and its adjusted operating margin edged up to 15.8%. The Solutions Group's reported sales slipped 0.5% to $667 million, though organic sales rose 2.6% on strength in apparel.
The company set full-year adjusted EPS guidance of $10.00 to $10.30. CEO Deon Stander called the quarter very strong and said the company aims to keep the momentum through the rest of 2026.
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- Avery Dennison