By Rob Curran Avery Dennison's third-quarter net income plunged 38% as sales retreated and the label maker continued to shake off the effects of inventory.
Highlights:
3Q23 Net sales of $2.1 billion
Sales change ex. currency down 10%
Organic sales change down 11%
3Q23 Reported EPS of $1.71
Adjusted EPS of $2.10, up 9%.