How did Avery Dennison's revenue and expenses trends shift in Q4 2024?

Avery Dennison Corporation exhibited robust financial performance in Q4 2024, with notable trends in revenue and expense shifts contributing to its strong earnings growth. 1. **Revenue Trends**: - The company's total revenue for Q4 2024, amounted to $2.19 billion. - Avery Dennison's fiscal year net sales for 2024 reached $8.8 billion, marking a 4.7% increase. - The sales change, excluding currency fluctuations, was up by 5.1%, with organic sales growing by 4.5%. 2. **Expense Trends**: - Specific expense data for Q4 2024 is not available; however, the company's reported operating margin was 14.7%, indicating a healthy profitability level. - The adjusted operating margin (non-GAAP) improved by 80 basis points to 14.8%, reflecting enhanced operational efficiency. - The adjusted EBITDA margin (non-GAAP) increased by 80 basis points to 17.0%, driven by benefits from higher volume/mix and productivity, despite partial offsets from pricing and raw material input costs. 3. **Comparative Analysis**: - In Q3, the company's revenue was $2.18 billion, which was slightly below the $2.2 billion forecast. However, this minor shortfall did not dampen the overall growth trajectory. - The Q4 performance underscores Avery Dennison's resilience and growth momentum, setting a positive tone for the upcoming year despite broader market challenges. In conclusion, Avery Dennison's Q4 2024 financial results demonstrate the company's continued success in managing its revenue growth and optimizing expenses, which is a testament to its strong market position and strategic initiatives.