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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.18B | 2.9% |
| Gross Profit | 627M | 0.9% |
| Cost of Revenue | 1.93B | 1% |
| Operating expense | 369M | 5.2% |
| Net Income | 182M | 5.4% |
| EBITDA | 280M | 2% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 8.45B | 2.4% |
| Total Liabilities | 6.06B | 0.1% |
| Total Equity | 2.39B | 8.6% |
| Shares Outstanding | 80M | 0.2% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 182M | 51.7% |
| Cash from financing | -218M | 156.1% |
EPS
Financial Highlights for Avery Dennison in Q3 '24
Avery Dennison reported a revenue of 2.18B, which is a 2.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 627M, marking a -0.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.93B, a 1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 369M, showing a -5.2% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 182M, showing a 5.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 280M, showing a -2% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Avery Dennison faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. A decline in EBITDA signals potential operational challenges or increased costs.
