Report
Charles Gross
EUR 100.00 For Business Accounts Only

Avery Bests Our Expectations in 2018; Generates Solid Margins and Shakes Tariff Fears

Avery defied lingering market fears of a weak quarter, with results reflecting no noticeable impact from the rise of tariffs around the world. Given that the company supplies labels, tags, and materials throughout numerous global supply chains, any interruptions to client businesses could impact Avery as well. While this remains a risk in the coming years, Avery has been unscathed so far. All three segments generated operating income slightly ahead of our expectations for the year, thanks primar...
Underlying
Avery Dennison Corporation

Avery Dennison is engaged in the production of pressure-sensitive materials and a variety of tickets, tags, labels and other converted products. The company sells its pressure-sensitive materials to label printers and converters that convert the materials into labels and other products through embossing, printing, stamping and die-cutting. The company sells other pressure-sensitive materials in converted form as tapes and reflective sheeting. The company also manufactures and sells a variety of other converted products and items not involving pressure-sensitive components, such as fasteners, tickets, tags, radio-frequency identification inlays and tags, and imprinting equipment and related solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Charles Gross

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