• Avery Dennison Announces Second Quarter Net Income, Drop from 2010


    PASADENA (CNS) – Avery Dennison Corp., a Pasadena-based manufacturer of
    office products, adhesive materials and paper goods, announced today second
    quarter net income of $73.3 million dollars, or 69 cents per share, compared to
    $83.8 million, or 78 cents per share, in the second quarter of 2010 — a
    decline of about 13 percent.
    “During the second quarter, our two largest segments, pressure-sensitive
    materials and retail branding and information solutions, experienced a rapid
    decrease in unit volumes that drove results below expectations,’ said Avery
    Dennison Chairman, President and CEO Dean Scarborough.
    “We are taking action to reduce costs and increase productivity through
    this slowdown, and we expect to regain momentum when market conditions
    improve. We remain focused on maintaining a strong balance sheet and increasing
    return of cash to shareholders.’

    1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)


    Loading ... Loading …

    Comments are closed

     
  • Make Music is quickly approaching once again and we are treated to another line up of great up and coming musical acts. The festivities take place this Saturday in Pasadena, June 7, from 11 a.m. to 11 p.m. and is geared for people of all ages. Those in...
    Happy New Year! Rose Parade Float Trophy Winners...
    Top Christian recording artist, Phil Wickham, will be performing live in Pasadena on Friday, August 22. Maranatha High School is delighted to welcome this talented artist to the stage of the famous Ambassador Auditorium. His song, “This is Amazing Grac...
    Fifteen years ago, a handful of curious citizens assembled in front of The Tribune and watched as then-Los Angeles County Sheriff Lee and still-San Marino resident Lee Baca started the city’s inaugural 5K walk and run....
    The Pasadena Guild of Children’s Hospital Los Angeles has pledged a $3 million endowment to fund the Pasadena Guild Chair in Developmental Biology and Regenerative Medicine at Children’s Hospital Los Angeles....
     
     
     
    Directory powered by Business Directory Plugin