Avery Dennison Second Quarter Sales Flat
Avery Dennison Corp. recently announced its preliminary, unaudited second quarter 2012 results. Net sales were $1.53 billion, an approximately 1% decrease from $1.54 billion in the same quarter last year. Sales grew approximately 4% on an organic basis.
“Second quarter results were in line with our expectations, and we are on track for full-year earnings growth and free cash flow within the ranges of our guidance,” said Dean Scarborough, chairman, president and CEO. “We continued to deliver on our commitment to return more cash to shareholders, repurchasing more than two million shares during the quarter.”
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