Avery Dennison Corp

Company facts

Industry

Converted Paper & Paperboard Prods (No Contaners/Boxes)

Headquarters

Mentor, Ohio

Most recent report

8-K, filed Aug 19, 2026

Incorporated

Delaware

Filings on record

1,003+ filings

On EDGAR

CIK 8818

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 1 positive, 6 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Full financial statements with period results, restructuring, venture investment.
  Notable

  • Restructuring charges $34.7M in H1 2026 for 600 positions, mostly in Solutions Group.
  • $75M minority investment in Wiliot Ltd. on April 27, 2026 to expand sensor tech.

• Management's Discussion (Item 2)

  Detailed Q2 2026 results, cash flow, restructuring, and a $75M strategic investment all need attention.
  Positive

  • Quarterly dividend raised 6% to $1.00 per share in April 2026.
  Notable

  • Effective tax rate rose to 27.8% in Q2 2026 from 26.0%, due to discrete charges from a foreign court ruling.
  • Share repurchases slowed to 1.2M shares in H1 2026 from 2.0M in H1 2025.

• Risk Factors (Item 1A)

  New tariff actions and legal appeal add real risk to international operations.
  Notable

  • 69% of net sales came from outside the U.S. in 2025, so trade policy shifts have outsized impact.
  • Israel sales are below 1% of total, still not recovered from the Israel-Hamas war that started in late 2023.
  Negative

  • New tariffs of 10.0% and 12.5% on imports from 60 countries in July 2026 could raise costs or reduce demand.
  • Indirect tariff impact cut apparel sales by a low single-digit rate in Q2-Q4 2025, showing real harm.
  • DOJ appeal in June 2026 challenges refunds of tariffs ruled unlawful, prolonging trade uncertainty.

What changed: Jun 2026 vs. Mar 2026

About 11% of AVY's Jun 2026 10-Q is new information. 38 paragraphs were added, 122 changed, and 22 removed. Below are the most important lines SECSift identified.

• Item 2 65
• Item 1 41
• Item 6 1
• Item 1A 1
• Item 5 1