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“Avery Dennison delivered another quarter of strong top-line growth, driven by Pressure-Sensitive Materials and Retail Information Services,” said Dean A. Scarborough, chairman, president and CEO. “As expected, margins came under pressure as rising raw material costs outpaced price increases.
“Despite the increased inflation, we remain on track to meet our full-year targets for earnings and free cash flow, and we are well positioned for long-term profitable growth and increased returns,” he said.
For additional details, visit www.investors.averydennison.com.