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Avery Dennison AVY Materials Group — Charges, Net of Reversals

Discontinued — last reported Q3 '24

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ENTGMS — Restructuring Charges
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Other financials

Income statement

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Revenue$2.3B+7.0%
Gross profit$664.8M+7.0%
Net income$168.1M+1.1%
EPS (diluted)$2.18+4.3%

Balance sheet

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Cash & equivalents$255.1M+30.2%
Total debt$3.8B+9.6%
Total equity$2.3B+6.0%
Total assets$9.0B+7.5%

Cash flow

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Operating cash flow$136.5M+937%
CapEx$28.3M-21.4%
Free cash flow$108.2M+307%

Valuation

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Market cap$12.14B-5.5%
Enterprise value$15.67B-2.9%
P/E17.6×-0.8×
P/S1.4×-0.1×

Profitability

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Gross margin28.8%0.0pp
Net margin7.7%-0.3pp
FCF margin9.7%+2.8pp

Returns & leverage

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Return on equity30.9%-1.1pp
Debt / equity1.6×+0.1×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Avery Dennison in its filing.

Tagged under the XBRL concept avy:RestructuringSettlementAndImpairmentProvisionsNetOfReversals.

The official record: Avery Dennison’s 10-Q, filed October 29, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avery Dennison's materials group — charges, net of reversals?
Avery Dennison (AVY) reported materials group — charges, net of reversals of $1.5M in Q3 2024.
How has Avery Dennison's materials group — charges, net of reversals changed year-over-year?
Avery Dennison's materials group — charges, net of reversals decreased by 95.1% year-over-year, from $30.6M to $1.5M.
What does materials group — charges, net of reversals mean?
The net cost of restructuring activities within the Materials Group segment after accounting for any reversals.
How do you interpret materials group — charges, net of reversals?
High charges indicate significant operational disruption or transformation, whereas net reversals suggest that previous estimates were overly conservative or that restructuring was less costly than anticipated.
How does materials group — charges, net of reversals compare across companies?
Standard in industrial sectors to track the financial impact of corporate restructuring and efficiency programs.