Avery Dennison Posts 43% Increase in Profit

Avery Dennison Corp. reported a 43% jump in second-quarter profit, citing solid sales and profit growth by its core materials and office products businesses.

The company posted net income of $22.3 million, or 37 cents a share, for the second quarter ended June 30, up from $15.6 million or 25 cents a share the year before. Sales increased 6.5% to $667.5 million from $626.6 million. Pasadena-based Avery Dennison is a leader in pressure-sensitive adhesives and materials, office products, labels, tags, retail systems and specialty chemicals.