Home / Knowledge / News / Information Technology / Avery Dennison delivers 16% adjusted EPS growth in 2014
Avery Dennison delivers 16% adjusted EPS growth in 2014
Feb '15
“In 2014, we delivered 16 per cent growth in adjusted earnings per share, significantly increased return on capital, and distributed over $480 million of cash to shareholders, CEO of Avery Dennison said.

CEO Dean Scarborough said, “Pressure-sensitive Materials delivered its third consecutive year of strong volume growth, while maintaining its profitability and high return on capital.”

While releasing preliminary results for fourth quarter and fiscal 2015, he added, “We are taking further actions to improve PSM's long-term competitive position as we continue to invest in growth.”

According to Scarborough, Retail Branding and Information Solutions faced top-line growth challenges, reflecting share loss in the value and contemporary segments, offset by solid growth in RFID and performance segment.

“We are focusing our sales efforts to recapture share, while reducing fixed costs and aligning resources to better serve all segments of the market,” he noted.

For the fourth quarter of fiscal 2015, Pressure-sensitive Materials (PSM) segment sales rose around 2 per cent and Label and Packaging Materials segment sales hiked in low single digits.

While combined sales of Graphics and Performance Tapes division increased in mid-single digits.

Operating margin improved 60 basis points to 10.1 per cent as the benefit from productivity initiatives and higher volume was partially offset by net impact of raw material input costs and pricing.

Retail Branding and Information Solutions (RBIS) segment sales were down around 5 per cent year on year in the fourth quarter of fiscal 2015 from lower volume in Europe and North America.

According to Avery Dennison, operating margin dipped to 5.5 per cent as the impact of lower volume, a prior year gain on sale of assets more than offset the benefit from productivity initiatives and lower employee costs.

The company repurchased 7.4 million shares in 2014 at an aggregate cost of $356 million and the full year tax rate was 31.1 per cent, below previous expectations of 33 per cent.

In 2014, the company realized around $35 million in savings from restructuring, net of transition costs, and incurred restructuring costs of around $66 million, $55 million of which represents cash charges.

“We expect to increase earnings per share in 2015, despite a significant headwind from currency translation,” said Scarborough.

"We remain committed to achieving our long-term financial targets, growing through innovation and differentiated quality and service, with a continued focus on cost and capital discipline," he observed. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 24th Oct 2016

Indian govt plans roadshows to promote textile exports

The Indian government has planned to conduct roadshows to boost the...

Textiles | On 24th Oct 2016

TPP may hit roadblock

The 12-member Trans-Pacific Partnership (TPP) that was signed earlier ...

Textiles | On 24th Oct 2016

Baba Ramdev’s Patanjali to enter textile manufacturing

Patanjali Ayurved, an enterprise initiated by yoga guru Baba Ramdev,...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search