Avery Dennison Corp. recently announced preliminary, unaudited results for its third quarter ended September 26, 2020, and provided an update related to the impact of the COVID-19 pandemic on the company. Net sales were approximately $1.7 billion, down 1.8%, in the 2020 third quarter. Sales were down 1.3% excluding foreign currency adjustments and 3.6% on an organic basis.

“Revenue came in significantly better than we anticipated at the start of the quarter, which, combined with our cost reduction actions, enabled us to deliver strong earnings growth and free cash flow,” said Mitch Butier, chairman, president, and CEO. “The extraordinary agility demonstrated by our team this year is driving solid performance on all fronts, ensuring the health and well-being of our employees, delivering for our customers, supporting our communities, and minimizing the impact of the recession for our shareholders.