Avery Dennison(NYSE) AVY

Avery Dennison makes stickers and digital labels for products you use every day. Their materials help companies track items and display important information on packaging. These solutions help brands manage their supply chains and talk to customers through digital triggers.

What Avery Dennison Makes

• Label Materials: Paper and plastic film rolls sold to companies that print labels for food, medicine, and beverages; part of the Materials Group which represented 69% of net sales in 2025.
• Intelligent Labels: Digital tags using radio-frequency identification (RFID) that let retailers track inventory in real-time without touching the items.
• Branding Solutions: Physical tags, graphic tickets, and fabric labels for the global apparel and general retail industries; part of the Solutions Group which made up 31% of net sales in 2025.
• Performance Tapes: Strong adhesive tapes and fasteners used to hold parts together in cars, electronics, and medical devices.
• Graphics and Reflective Products: Specialized films for wrapping vehicles, creating commercial signs, and making highway safety signs reflect light.

Recent Growth and Expansion

• Acquired W.F. Taylor Holdings, Inc. (known as Taylor Adhesives) in 2025 for approximately $390 million to grow the flooring adhesives business.
• Opened a new manufacturing site in India in 2025 specifically to produce radio-frequency identification (RFID) inlays and labels.
• Completed a project in 2025 to optimize the manufacturing footprint in Belgium for the Materials Group.
• Expanded production capacity for the Intelligent Labels platform through global investments in 2025 to meet demand for digital triggers.

How the Company Stands Out

The company maintains a vast global reach with over 200 manufacturing and distribution facilities across more than 50 countries. It uses its expertise in materials science to create labels that can be recycled more easily, helping brands meet new environmental regulations.

The Financial Scorecard

• Net sales reached $2.3 billion in Q4 2025, a 3.9% increase over the same period in 2024.
• Free cash flow—the money left after paying for operations and equipment—rose to $309.7 million in Q4 2025, up 9.9% year-over-year.
• Gross profit grew to $650.7 million in Q4 2025, representing a 6.8% increase from the previous year.
• Operating income was $281.5 million in Q4 2025, up 0.6% compared to Q4 2024.

Bottom Line

Avery Dennison has transitioned from a traditional label manufacturer into a leader in digital identification and sustainable materials. By combining physical packaging with digital tracking technology, the company has integrated itself into the global retail and logistics infrastructure.