Avery Dennison posts investor presentation outlining long-term growth strategy, 2028 financial targets
AVY•Long-term framework and capital allocation
Avery Dennison outlined a long-term framework targeting 5%+ sales growth ex-currency, a 17%+ adjusted EBITDA margin by 2028, and 10% adjusted EPS growth.
The capital allocation plan calls for about $8 billion of deployment capacity in 2024-2028, with 50%-55% earmarked for buybacks and M&A.
The company set a leverage target at about 2-3x net debt to adjusted EBITDA to support investment while maintaining a strong credit profile.
2025 financial results and segment performance
2025 net sales totaled $8.9 billion; adjusted EBITDA margin was 16.4%.
- Materials Group posted $6.1 billion in sales with a 17.4% adjusted EBITDA margin.
- Solutions Group delivered $2.8 billion in sales with a 17.3% margin.
