Avery Dennison experiencing ‘challenging’ finish to the year, says CEO
The Fly

Avery Dennison experiencing ‘challenging’ finish to the year, says CEO

Avery Dennison Chairman and CEO Mitchell Butler said in a fireside chat hosted by Bank of America that the company is seeing a "challenging" finish to the year, but expects to end the year with double digit organic growth and double digit EPS growth ex-currency. Quarter to date, Butler said revenue has been off the company’s previous forecast by about $100M, so the company is activating its recession scenario plan that both take near-term cost reduction actions and mitigate the lower volumes.

Published first on TheFly

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