Mixed results for Avery

Avery announces preliminary, unaudited results for its third quarter ended September 26, 2020, revealing the impact COVID-19 had on the company.

Revenue was better than expected and together with cost reduction actions, Avery saw strong earnings growth during the quarter.

All three operating segments expanded their adjusted operating margins compared to last year, despite lower sales during the pandemic.

The label business experienced a small hit thanks to the chaotic Back-To-School market. But overall, results held steady in other areas of the business.

However, health and wellbeing to staff and customers remains top priority for the company.

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