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Avery Dennison AVY Materials Group — Segment adjusted operating income

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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$13.31B+1.8%
Enterprise value$16.84B+2.7%
P/E19.3×+0.9×
P/S1.5×0.0×

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:OperatingIncomeLossAdjusted.

The source filing: Avery Dennison’s 10-Q, filed May 5, 2026.

Filed
May 4, 2026, 8:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000008818-26-000109
(In millions)Three Months Ended / March 31, 2026March 29, 2025
Materials Group
Net sales to unaffiliated customers$1,649.3$1,480.1
Segment expense(1)1,395.11,249.8
Segment adjusted operating income$254.2$230.3
Solutions Group
Net sales to unaffiliated customers$649.2$668.2
Segment expense(1)590.7600.0
Segment adjusted operating income$58.5$68.2

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FAQ

What is Avery Dennison's materials group — segment adjusted operating income?
Avery Dennison (AVY) reported materials group — segment adjusted operating income of $254.2M in Q1 2026.
How has Avery Dennison's materials group — segment adjusted operating income changed year-over-year?
Avery Dennison's materials group — segment adjusted operating income increased by 10.4% year-over-year, from $230.3M to $254.2M.
What is the long-term trend for Avery Dennison's materials group — segment adjusted operating income?
Over 3 years (2022 to 2025), Avery Dennison's materials group — segment adjusted operating income has grown at a 2.9% compound annual growth rate (CAGR), from $845.9M to $922.2M.
What does materials group — segment adjusted operating income mean?
The profitability of the Materials Group segment, calculated by excluding non-recurring or non-operational items from operating income. It provides a normalized view of the segment's core operational performance and ability to generate profit from its manufacturing activities.

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