Avery Dennison Corp Earnings Per Share Disclosure
| (In millions, except per share amounts) | 2025 | 2024 | 2023 | |||||||||||||||||
| (A) Net income | $ | 688.0 | $ | 704.9 | $ | 503.0 | ||||||||||||||
| (B) Weighted average number of common shares outstanding | 78.1 | 80.4 | 80.7 | |||||||||||||||||
| Dilutive shares (additional common shares issuable under stock-based awards) | .2 | .3 | .4 | |||||||||||||||||
| (C) Weighted average number of common shares outstanding, assuming dilution | 78.3 | 80.7 | 81.1 | |||||||||||||||||
| Net income per common share (A) ÷ (B) | $ | 8.81 | $ | 8.77 | $ | 6.23 | ||||||||||||||
| Net income per common share, assuming dilution (A) ÷ (C) | $ | 8.79 | $ | 8.73 | $ | 6.20 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 25, 2021 | |
| 2019 | Feb 26, 2020 | |
| 2018 | Feb 27, 2019 | |
| 2017 | Feb 21, 2018 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.