Avery Dennison Q3 adjusted EPS $2.42, net sales $2.3B, issues FY guidance

Avery Dennison reported Q3 adjusted EPS of $2.42, up 2.1% YoY, on net sales of $2.3 billion, up 5.2% reported and 3.7% organic. Materials Group sales rose 8.5% to $1.6 billion; Solutions Group sales fell 1.8% to $687 million. Full-year adjusted EPS guidance is $10.10-$10.24.