Avery Dennison (AVY) FY2024 results: revenue $8.8 billion, up 4.7% on the year
Avery Dennison Corp. (AVY) reported revenue of $8.8 billion for fiscal 2024, the year ended 28 December 2024, up 4.7% on the year before. Net income was $705 million, up 40.1%, and diluted earnings per share $8.73. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$8.8 billion
+4.7% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$705 million
+40.1% on the year
FY2017FY2024
Diluted EPS
$8.73
+40.8% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
939
826
961
+13.7%
Capital expenditure
209
265
278
-21.3%
Free cash flow
730
561
683
+30.2%
Free cash flow margin
8.3%
6.7%
7.6%
Cash from investing
-243
-459
-333
Cash from financing
-576
-317
-615
Depreciation and amortisation
312
298
291
+4.6%
Share-based compensation
28.7
22.3
47.4
+28.7%
Buybacks
248
138
380
+80.0%
Dividends paid
278
257
239
+8.1%
Dividend per share
$3.45
$3.18
$2.93
+8.5%
Diluted shares, weighted
81m
81m
82m
-0.5%
Shares outstanding at period end
80m
80m
81m
-0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
2,312
2,128
2,032
+8.7%
Debt
3,152
3,244
3,102
-2.8%
Operating lease liabilities
176
152
114
+15.6%
Finance lease liabilities
9.1
7.0
8.2
+30.0%
Other liabilities
2,754
2,678
2,694
+2.8%
Total liabilities and equity
8,404
8,210
7,950
+2.4%
Fixed assets
1,587
1,626
1,540
-2.4%
Goodwill
1,976
2,014
1,862
-1.9%
Intangible assets
755
849
840
-11.0%
Cash and equivalents
329
215
167
+53.1%
Receivables
1,466
1,415
1,374
+3.6%
Inventory
978
921
1,010
+6.2%
Other assets
1,313
1,171
1,156
+12.1%
Total assets
8,404
8,210
7,950
+2.4%
10-K for the year ended 28 December 2024, filed 26 February 2025: the filing.