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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