Avery Dennison Corporation AVYreported adjusted earnings of $1.44 per share in first-quarter 2018, which surged around 30% year over year. Earnings also beat the Zacks Consensus Estimate of $1.34. The year-over-year improvement was mainly driven by strong operating results, currency translation tailwinds and a lower tax rate.
Including one-time items, the company reported earnings of $1.40 per share in the quarter, up 12% from $1.25 per share recorded in the prior-year quarter.
Total revenues jumped around 13% to $1.78 billion from $1.57 billion witnessed in the year-earlier quarter. The revenue figure also surpassed the Zacks Consensus Estimate of $1.76 billion. On an organic basis, sales were up nearly 3.4% year over year.