Filing Flows › Avery Dennison (AVY) › Q1 2025
Avery Dennison (AVY) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 29, 2025
Avery Dennison (AVY) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and -2% from the quarter before. Operating margin was 10.6%, net earnings $166M (7.7% of revenue).
Avery Dennison, Q1 2025: revenue $2.1B (-0.1% year over year), operating margin 10.6%, net earnings $166M, operating cash flow −$16.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | -2% | -0.1% |
| Gross profit | $622M | +2% | -2% |
| Operating profit | $227M | -6% | -3% |
| Net earnings | $166M | -4% | -4% |
| Operating cash flow | −$16.3M | — | — |
What changed
Revenue was $2.1B in Q1 2025, roughly flat year over year and down 2% from the previous quarter.
Gross margin was 28.9%, down 0.5 points from a year earlier. Operating profit was $0.23B, a 10.6% margin (down 0.3 points year over year). Operating expenses fell 1% while revenue was flat. The fastest-growing cost line was Other operating costs (+46%). Net earnings were $0.17B, down 4% year over year. The effective tax rate was 26.7%.
Operating cash flow was −$0.02B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.27B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.05B.
Questions
What was Avery Dennison's revenue in the first quarter 2025?
Avery Dennison (AVY) reported revenue of $2.1B for the first quarter 2025 (Q1 2025), -0.1% from a year earlier and -2% from the quarter before.
Was Avery Dennison profitable in the first quarter 2025?
Operating profit was $227M (10.6% of revenue) and net earnings $166M.
Source: Avery Dennison 10-Q on SEC EDGAR.