Avery Dennison Corp. has announced preliminary, unaudited third quarter 2010 results. Total net sales for the third quarter were $1,640.8 million, compared to $1,549.3 million in the previous year’s third quarter, an increase of 6%. Pressure-sensitive materials increased 5%, from $851 million to $896.7 million in the current third quarter.
“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.
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