Avery Dennison's First Quarter Earnings Slip; Sales Remain Flat

Avery Dennison’s first-quarter 2012 net earnings slipped 2% year-on-year, to $43.9 million.  Adjusted earnings were $83.4 million, falling 4% and include the pending discontinuation of its office and consumer products business. The company’s net sales were flat year-on-year at $1.5 billion. "As expected, first-quarter sales declined modestly on an organic basis, reflecting the slowdown in volume we began to experience in the second quarter of last year," says Dean Scarborough, Avery Dennison chairman, president and CEO...

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