艾利丹尼森公司第三季度利润上涨38%
Q3 profit climbs 38% at Avery Dennison
Avery Dennison's third-quarter of 2014 profit rose to $64.3 million or $0.68 per share from $46.5 million or $0.47 per share from the corresponding quarter of 2013.
Revenues in the third quarter of 2014 rose slower by 4 percent to $1.56 billion from $1.50 billion from the prior year quarter and fell marginally short of analysts’ estimates of $1.57 billion.
Pressure-sensitive Materials (PSM) segment sales increased approximately 5 percent year-on-year and within the segment, label and packaging materials sales rose in mid-single digits.
Operating margin of the PSM segment declined 10 basis points to 10.1 percent from a year ago, impacted by raw material input costs, which offset benefit of higher volume and productivity.
Sales at Retail Branding and Information Solutions (RBIS) division fell around 2 percent, reflecting softer demand from US-based apparel retailers and brands.
However, operating margin improved 220 basis points to 5.4 percent from higher productivity, lower restructuring costs, and lower incentive compensation.
In the first three quarters of 2014, Avery Dennison repurchased 5 million shares at an aggregate cost of $247 million and completed the sale of its OCP and DES businesses in July.
The effective tax rates for the third quarter and year-to-date were 36 percent and 32 percent, respectively. The adjusted tax rate for both the third quarter and year-to-date was 33 percent.
For full-year 2014, it has forecast earnings from continuing operations of $2.60 to $2.65 per share, and adjusted earnings from continuing operations of $3.00 to $3.05 per share.
CEO Dean Scarborough said, “We expect to deliver improved operational performance in the fourth quarter, with a reduction in the transition costs impacting PSM.”
“However, given recent top-line trends and headwinds from currency, we have modestly lowered our guidance for full-year adjusted earnings per share growth to approximately 13 percent,” he added.
The Board of Directors of Avery Dennison declared a quarterly cash dividend of $0.35 per share, which is payable on December 17, 2014, to shareholders of record on December 3, 2014.
Meanwhile, Avery Dennison also announced that it has promoted its current CFO - Mitchell Butier as President, who will continue to serve as CFO until a successor is named.
艾利丹尼森公司第三季度利润上涨38%
艾利丹尼森公司,是一家服装品牌的生产商和销售商,其表示在截至
艾利丹尼森公司2014年第三季度利润增长至6430万美元即每股0.68美元，而2013年相应季度为4650万美元即每股0.47美元。
2014年第三季度收入从前年的15亿美元缓慢增长了4%至15.6亿美元，略低于分析师预期的15.7亿美元。
压敏材料(PSM)部分销售同比增加约5%,在该分类内,标签和包装材料销售增长在个位数。
PSM部分的营业利润率同比下降了10个基点至10.1%,受原材料投入成本的影响,高产量和高效率的优势被抵消。
零售品牌及信息解决方案(RBIS)分部的销售下降了2%左右,反映了美国服装零售品牌的需求疲软。
然而,营业利润率由于更高的生产率以及重组成本和奖金的降低提高了220个基点至5.4%。
在2014年的前三个季度,艾利丹尼森公司以247亿美元的价格回购了500万股股份,完成了其7月份OCP和DES业务的销售。
第三季度和今年迄今的有效税率分别为36%和32%。调整税率都为33%。
在整个2014财政年度期间,预计重组成本约为5500万美元。
首席执行官迪恩斯卡伯勒说,“我们预计第四季度经营业绩将得到改善,由于降低了PSM的转换成本。”
“然而,考虑到最近的营收趋势和货币阻力,我们将全年的调整后每股收益的指导增长小幅下调至13%,”他补充道。
艾利丹尼森公司的董事会宣布季度现金股息为每股0.35美元,这将在
同时,艾利丹尼森公司还宣布,它晋升了其目前的首席财务官——Mitchell Butier作为主席,他将继续担任首席财务官,直到有人继任。