Avery Dennison Corp
For the period ended Dec 30, 2023. Filed Feb 21, 2024.
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FY2023 · Filed Feb 21, 2024
AVY$189.04+0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income for 202, 202 and
Consolidated Statements of Income
| (In millions, except per share amounts) | 2023 | 2022 | 2021 |
|---|---|---|---|
| Net sales | $8,364.3 | $9,039.3 | $8,408.3 |
| Cost of products sold | 6,086.8 | 6,635.1 | 6,095.5 |
| Gross profit | 2,277.5 | 2,404.2 | 2,312.8 |
| Marketing, general and administrative expense | 1,313.7 | 1,330.8 | 1,248.5 |
| Other expense (income), net | 180.9 | (.6) | 5.6 |
| Interest expense | 119.0 | 84.1 | 70.2 |
| Other non-operating expense (income), net | (30.8) | (9.4) | (4.1) |
| Income before taxes | 694.7 | 999.3 | 992.6 |
| Provision for income taxes | 191.7 | 242.2 | 248.6 |
| Equity method investment (losses) gains | — | — | (3.9) |
| Net income | $503.0 | $757.1 | $740.1 |
| Per share amounts: | |||
| Net income per common share | $6.23 | $9.28 | $8.93 |
| Net income per common share, assuming dilution | $6.20 | $9.21 | $8.83 |
| Weighted average number of shares outstanding: | |||
| Common shares | 80.7 | 81.6 | 82.9 |
| Common shares, assuming dilution | 81.1 | 82.2 | 83.8 |
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