Avery Dennison Expects to Exceed Second Quarter Earnings Projections.Business Editors Avery Dennison Avery Dennison Corporation (NYSE: AVY) produces pressure-sensitive materials (such as self-adhesive labels), office products, and various paper products. R. Stanton Avery founded Avery in 1935. Avery Dennison Corporation was created in 1990 by merger of Avery and Dennison. Corporation (NYSE NYSE See: New York Stock Exchange :AVY) today announced that it expects second quarter earnings to be at least $.72 per share, which is higher than its previously announced projection of a range of $.66 per share to $.71 per share, and above the current First Call consensus estimate of $.68 per share. "The improvement in sales growth continued throughout the second quarter following the strong results that began in the final weeks of the first quarter," said Philip M. Neal, chairman and chief executive officer of Avery Dennison. "A more stable pricing environment, combined with ongoing, successful productivity initiatives, have resulted in expanded operating margins Operating Margin A ratio used to measure a company's pricing strategy and operating efficiency. Calculated by: ." The Company said that it will announce Avery A·ver·y , Oswald 1877-1955. American bacteriologist noted for establishing (1944) that DNA is responsible for the transmission of heritable characteristics. Dennison's second quarter results and the outlook for the remainder of 2002 on Tuesday, July 23 at 11:00 A.M. (Eastern)/8:00 A.M. (Pacific). That same day, an earnings conference call for equity analysts, portfolio managers, media representatives and individual investors will be available via live Webcast at 2:00 P.M. (Eastern)/11:00 A.M. (Pacific) at www.investors.averydennison.com. Avery Dennison is a global leader in pressure-sensitive technology and innovative self-adhesive solutions for consumer products and label materials. Based in Pasadena, Calif., the Company had 2001 sales of $3.8 billion. Avery Dennison develops, manufactures and markets a wide range of products for consumer and industrial markets, including Avery-brand office products, Fasson-brand self-adhesive materials, peel-and-stick postage stamps This is a list of postage stamps that are especially notable in some way. The best-known stamps:
v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. retail tag and labeling systems, and specialty tapes and chemicals. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain information presented in this news release may constitute "forward-looking" statements. These statements are subject to certain risks and uncertainties. Actual results and trends may differ materially from historical or expected results depending on a variety of factors, including, but not limited to: price and availability of raw materials, foreign exchange rates, worldwide and local economic conditions, successful integration of new acquisitions, financial condition and inventory strategies of customers, acceptance of new products, fluctuations in demand affecting sales to customers and other matters referred to in the Company's SEC filings. |
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