Avery Dennison Sees Nearly 21% Increase in Net Sales for 2021
The company posted full-year net sales of $8.4 billion.
Avery Dennison Corp. recently announced preliminary, unaudited results for its 2021 fourth quarter and full year ended January 1, 2022. The company’s net sales grew by 9.7% in the 2021 fourth quarter, to reach $2.2 billion, while full-year net sales reached $8.4 billion (a 20.6% increase).
“2021 marked the company’s tenth consecutive year of strong top- and bottom-line growth,” said Mitch Butier, chairman, president, and CEO. “We delivered 19 percent revenue growth on a constant currency basis and 25 percent adjusted earnings per share growth, while generating record free cash flow. Our strong performance comes at a challenging time as the global health crisis continues, supply chains are tight and significant inflationary pressures persist.