Avery Dennison Announces Second Quarter 2010 Results.

Extract

---

Avery Dennison Announces Second Quarter 2010 Results.

PASADENA, Calif. -- Avery Dennison Corporation (NYSE:AVY) today announced preliminary, unaudited second quarter 2010 results.

All non-GAAP terms are reconciled to GAAP in the attached tables.

Second Quarter Financial Summary - Preliminary

($ millions, except per share amounts)

2Q

2Q

% Change vs. P/Y

2010

2009

Reported

Organic (a)

Net sales, by segment:

Pressure-sensitive Materials

$

923.9

$

793.6

16

%

15

%

Retail Information Services

411.9

330.9

24

%

23

%

Office and Consumer Products

208.9

216.9

-4

%

-5

%

Other specialty converting businesses

135.4

114.0

19

%

19

%

Total net sales

$

1,680.1

$

1,455.4

15

%

14

%

As Reported (GAAP)

Adjusted Non-GAAP (b)

% Change

% of Sales

% Change

% of Sales

2010

2009

Fav(Unf)

2010

2009

2010

2009

Fav(Unf)

2010

2009

Operating income (loss) before interest and taxes, by segment:

Pressure-sensitive Materials

$

87.5

$

50.6

9.5

%

6.4

%

$

89.0

$

64.4

9.6

%

8.1

%

Retail Information Services

35.6

(5.1

)

8.6

%

-1.5

%

36.2

0.0

8.8

%

0.0

%

Office and Consumer Products

31.5

34.5

15.1

%

15.9

%

33.3

37.5

15.9

%

17.3

%

Other specialty converting businesses

4.2

(11.2

)

3.1

%

-9.8

%

4.2

(3.5

)

3.1

%

-3.1

%

Corporate expense

(11.9

)

(8.2

)

(11.2

)

(8.2

)

Total operating income before interest and taxes

$

146.9

$

60.6

142

%

8.7

%

4.2

%

$

151.5

$

90.2

68

%

9.0

%

6.2

%

Interes...

See the full content of this document

---