Q3 FY26 · Ended Sep 30, 2026 · View SEC filing
Label materials carried the quarter's growth
Materials Group sales rose 8.5% while Solutions Group fell 1.8%, so the core roll materials business set the pace.
For investorsWhat has to hold for the spread over raw materials to widen again
For foundersHow a converter gets its suppliers to finance its growth
Cost of products sold outgrew the 5.2% sales gain, so gross margin slipped even though pricing helped drive the growth.
Net income rose only 2.0%, yet each share earned more because the weighted share count fell 2.7%.
Payable days of 80 exceed receivable days of 68, so supplier credit finances much of the stock and receivables growth needs.
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Business Lens describes Avery Dennison from its own filings with the SEC. It is not a view on its shares, a target, or advice to buy, sell or hold anything; figures are as filed and may be restated by the company later. The filing is linked above.
