Short answer
Avery Dennison (AVY) filed its Q1 2026 10-Q quarterly report on May 5, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2.3B (up 7.0% year over year) with net income of $168M.
Q1 2026 key financials · XBRL
- Revenue
- $2.3B
- +7.0% YoY
- Net income
- $168M
- +1.1% YoY
- Gross margin
- 28.9%
- EPS (diluted)
- $2.18
- +4.3% YoY
Source: XBRL data from the Avery Dennison (AVY) Q1 2026 10-Q on SEC EDGAR. USD.
Avery Dennison Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Q1 revenue $2,298.5M, up 7% from $2,148.3M; organic sales up 1%
- Net income $168.1M vs $166.3M; effective tax rate 30.1% vs 26.7%
- Materials Group revenue $1,649.3M vs $1,480.1M; adjusted operating income $254.2M vs $230.3M
- Solutions Group revenue $649.2M vs $668.2M; adjusted operating income $58.5M vs $68.2M
- Operating cash flow $136.5M vs $(16.3)M; adjusted free cash flow $104.4M vs $(53.1)M; share repurchases $60.6M
- Outlook: high-twenty-percent tax rate; higher interest expense and normalized temporary savings headwinds
Risk Factors
- No material changes stated except expanded macroeconomic, geopolitical, trade, and labor conditions
- U.S. tariff instability after February 20, 2026 Supreme Court ruling invalidated IEEPA-based tariffs
- Trade-policy changes risk raw-material and finished-product costs, with tariffs reducing apparel sales low single digits
- Middle East conflicts affected operations in a region representing approximately 2% of 2025 net sales
- International exposure: approximately 69% of 2025 net sales originated outside the U.S.
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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