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Avery Dennison AVY Solutions Group — Other expense (income), net

Discontinued — last reported Q3 '24

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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:OtherExpenseIncomeNet.

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 solutions group — other expense (income), net?
Avery Dennison (AVY) reported solutions group — other expense (income), net of $10.9M in Q3 2024.
How has Avery Dennison's solutions group — other expense (income), net changed year-over-year?
Avery Dennison's solutions group — other expense (income), net increased by 1.9% year-over-year, from $10.7M to $10.9M.
What is the long-term trend for Avery Dennison's solutions group — other expense (income), net?
Over 2 years (2021 to 2023), Avery Dennison's solutions group — other expense (income), net has grown at a 53.6% compound annual growth rate (CAGR), from $36.6M to $86.3M.
What does solutions group — other expense (income), net mean?
This metric aggregates miscellaneous financial items within the Solutions Group that are not directly related to core operating activities, such as foreign exchange gains or losses, litigation settlements, or non-operating asset sales. It provides transparency into peripheral financial events that impact the segment's bottom line but are distinct from primary manufacturing and sales operations. Investors use this to isolate core operational performance from transient or non-recurring financial events.