Avery Dennison FY 2025 restructuring charges rise 70.2% to USD 48.8 million

Reuters02-26 00:33
Avery Dennison FY 2025 restructuring charges rise 70.2% to USD 48.8 million

Avery Dennison reported FY 2025 net sales of USD 8.9 billion (up 1.0%) and net income of USD 688.0 million, with diluted EPS of USD 8.79 and an effective tax rate of 25.6%. Income before taxes was USD 925.1 million, while interest expense was USD 135.4 million. Net cash provided by operating activities was USD 881.4 million and adjusted free cash flow was USD 707.1 million. By segment, Materials Group FY 2025 net sales were USD 6.1 billion and segment adjusted operating income was USD 922.2 million, while Solutions Group FY 2025 net sales were USD 2.8 billion and segment adjusted operating income was USD 286.3 million. International operations generated about 69% of FY 2025 net sales. Key FY 2025 updates included the acquisition of Taylor Adhesives for about USD 390 million (completed October 20, 2025) to expand the Materials Group high-value category portfolio, funded using cash and proceeds from a September 2025 issuance of EUR 500 million senior notes due 2035 (net proceeds about EUR 494 million, or USD 577 million). Avery Dennison also recorded USD 48.8 million of restructuring charges (net of reversals) during FY 2025 tied to actions including a reduction of about 1,200 positions, and repurchased about 3.2 million shares for USD 572.3 million while paying USD 288.4 million in dividends (USD 3.70 per share for FY 2025). The company also cited tariff-related uncertainty, noting an aggregate low single digit rate decrease in sales in its overall apparel categories over Q2–Q4 2025.

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