Headline: Avery Dennison Corp. Reports Q4 Earnings Dip - ADI
[Para 1: The Lead] Avery Dennison Corp. (ADI) reported a decline in its fourth quarter earnings, signaling a 12% drop in net income to $100 million from $113 million in the same period last year. The company cited higher raw material costs and supply chain disruptions as primary factors affecting its bottom line. Shares of ADI fell 5% in after-hours trading following the earnings release. [Para 2-3: Supporting details & Context] The quarter saw revenue grow by 3% to $1.2 billion, outpacing the company's guidance but not enough to offset increased operational costs. Avery Dennison's management highlighted ongoing efforts to mitigate cost pressures and expects a gradual improvement in profitability in the upcoming quarters. The company's stock symbol is ADI on the NASDAQ. This financial performance update is critical for investors assessing the company's financial health and market position.