Avery Dennison Issues FY16 Earnings Guidance - Quick Facts

(RTTNews) - Avery Dennison Corp. (AVY) announced the company expects 2016 earnings per share of $3.15 to $3.35. Excluding an estimated $0.20 per share for restructuring costs and other items, and an estimated $0.30 per share for non-cash charges associated with the settlement of the pension obligations, the company expects adjusted earnings per share of $3.65 to $3.85.

Analysts polled by Thomson Reuters expect the company to report profit per share of $3.70. Analysts' estimates typically exclude special items.

Dean Scarborough, Avery Dennison chairman and CEO, said: "In 2016, we expect to deliver solid organic sales growth and further expand our margins and return on capital, notwithstanding continued headwinds from currency translation and an uncertain economic climate, with continued return of cash to shareholders."