Quarterly Results | Avery Dennison Corporation

Q1 revenue up 18% on a constant currency basis and 13% organically – LGM revenue up significantly, driven by pricing – Volume/mix strong, though modestly down as expected – RBIS revenue up significantly, with strong growth in all divisions Successfully navigating dynamic macroeconomic environment -LGM accelerating pricing actions, reducing lead times between inflation and pricing Revenue growth outlook increased due to higher pricing to offset additional inflation. Higher revenue base from price increases alone, with no corresponding incremental EBITDA as they offset inflation.