Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,729 | $6,972 | $9,039 | $8,364 | $8,756 |
| Gross Profit | $484 | $1,923 | $2,404 | $2,278 | $2,531 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | N/A | $556 | $757 | $503 | $705 |
Over the five-year period, Avery Dennison’s revenue and gross profit show notable fluctuations, with a dramatic ramp-up between 2020 and 2021. In 2020, revenue was approximately $1.73 billion, which surged to nearly $7.0 billion in 2021 – an increase of over 300 percent that likely reflects rapid recovery from pandemic-related challenges and possible strategic shifts or acquisitions. Gross profit followed a similar trend, rising from $484.2 million in 2020 to $1.92 billion in 2021, before reaching $2.40 billion in 2022. However, by 2023, both revenue and gross profit experienced a moderate decline, with revenue dipping to around $8.36 billion and gross profit to $2.28 billion, before rebounding slightly in 2024 to $8.76 billion and $2.53 billion, respectively. Net income displayed parallel volatility. The company shifted from reporting no net income in 2020 to a sizeable profit margin of $555.9 million in 2021, climbing to $757.1 million in 2022. A significant year-over-year decline occurred in 2023, when net income fell roughly 33 percent to $503 million before recovering to $704.9 million in 2024. Although operating income was not reported during this period, the marked swings in both net income and revenue point to a business sensitive to market conditions and operational adjustments. Overall, despite the evident volatility—with dramatic jumps and modest retracements—the rebound in key metrics by 2024 suggests that Avery Dennison maintains a relatively healthy financial position within the specialty packaging and labeling industry, though ongoing monitoring is recommended to ensure sustained growth and profitability.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.