Labeling expert Avery Dennison Corporation reported third quarter-diluted earnings per share of $0.86 compared with $0.75 a year ago, a 15 percent increase. Profits increased due to improved pricing and product mix, as well as a reduction in operating expenses and the tax rate.
The Company also announced actions to increase operating efficiencies and improve its profitability, targeting $60 million to $70 million of annual savings when fully implemented in 2007.
Click here to view results:
California based Avery Dennison is a global leader in pressure-sensitive labeling materials, office products and retail tag, ticketing and branding systems. Avery Dennison is a FORTUNE 500 company with 2004 sales of $5.3 billion. Avery Dennison employs more than 21,000 individuals worldwide who apply the Company's technologies to develop, manufacture and market a wide range of products for both consumer and industrial markets.
Avery Dennison's products includes Avery-brand office products and graphics imaging media, Fasson-brand self-adhesive materials, peel-and-stick postage stamps, reflective highway safety products, labels for a wide variety of automotive, industrial and durable goods applications, brand identification and supply chain management products for the retail and apparel industries, and specialty tapes and polymers.
Avery Dennison Corporation
marketing@alchempro.com
