“Our strong performance comes at a time when supply chains remain tight, inflation persists and the global health crisis continues. The current environment reinforces our determination to remain vigilant in ensuring the health and well-being of our employees, delivering for our customers, supporting our communities, and creating value for our shareholders.”

In the Label and Graphic Materials segment, reported sales increased 25% to $1.4 billion. Compared to the prior year, sales were up 17% ex. currency (up 11% vs. 2019) and 16% on an organic basis (up 11% vs. 2019). Label and Packaging Materials sales were up approximately 12% from prior year on an organic basis, with strong growth in both the high-value product categories and the base business. Sales increased by approximately 49% organically in the combined Graphics and Reflective Solutions businesses.

Retail Branding and Information Solutions saw reported sales increase 80%, to $529 million, in the 2021 second quarter. Compared to the prior year, sales were up 73% ex. currency (up 25% vs. 2019) and 72% on an organic basis (up 14% vs. 2019), reflecting strong growth in both the high-value categories and the base business. Sales in Intelligent Labels were up approximately 65% organically.

In the Industrial and Healthcare Materials segment, reported sales increased 49% to $197 million. Compared to the prior year, sales were up 39% ex. currency (up 11% vs. 2019) and 33% on an organic basis (up 6% vs. 2019), reflecting an approximately 60% increase in industrial categories and a high-single-digit decline in healthcare categories.

More information about Avery Dennison Corp. is available at www.averydennison.com.