Avery Dennison (AVY) reported Q4 adjusted earnings Thursday of $2.38 per diluted share, up from $2.16 a year earlier.

Analysts polled by FactSet expected $2.38.

Net sales for the quarter ended Dec. 28 were $2.19 billion, compared with $2.11 billion a year earlier.

Analysts polled by FactSet expected $2.19 billion.

The company said it expects 2025 adjusted EPS of $9.80 to $10.20. Analysts polled by FactSet expect $10.43.

Shares of the company were down more than 4% in recent premarket activity.