Net sales increased on an organic basis compared to the same period in the prior year primarily due to higher volume, partially offset by the impact of raw material deflation-related price reductions. Organic sales change was 4%.

Solutions Group net sales including intersegment sales increased to $698.0 million compared to $647.5 million the previous year. This increase was driven by volume in key segments.

The company expects net sales to increase due to higher volume as markets improve following significant inventory destocking downstream from the company in 2023, as well as growth in Intelligent Labels. This increase is expected to be partially offset by raw material deflation-related price reductions.

Gross profit margin improved due to benefits from productivity initiatives, including material re-engineering and savings from restructuring actions, net of transition costs. This indicates effective management of costs and operational efficiency.

The company expects incremental savings from restructuring actions, net of transition costs. This demonstrates management's commitment to improving efficiency and profitability.

The company entered into a Settlement Agreement, License and Mutual Release with Adasa and agreed to pay $75.0 million to Adasa without any concessions or admissions of liability. No court approval of the settlement was required.

Based on recent rates, the company expects foreign currency translation to have an unfavorable impact on full-year operating income. This highlights the exposure to currency fluctuations.

International operations generated approximately 70% of our net sales during the nine months ended September 28, 2024. Our future results are subject to changes in political, social and economic conditions globally and in the regions in which we operate and the impact of fluctuations in foreign currency exchange and interest rates.

As of September 28, 2024 and December 30, 2023, the amounts due to financial institutions for suppliers that participate in these programs were $404.8 million and $397.4 million, respectively.

The company experienced organic sales growth, indicating a solid competitive position in its markets. This growth was driven by volume in key segments.

Company-wide, on an organic basis, net sales of Intelligent Label solutions increased by a mid-teens rate compared to the same period in the prior year. This demonstrates a competitive advantage in this growing market segment.

The company expects net sales to increase due to higher volume as our markets improve following significant inventory destocking downstream from our company in 2023, as well as growth in Intelligent Labels.

Operational working capital, as a percentage of annualized current-quarter net sales, in the third quarter of 2024 increased compared to the third quarter of 2023. The company objective is to minimize investment in operational working capital to maximize cash flow and return on investment.

Average inventory turnover was 6.1 in the third quarter of 2024 compared to 6.5 in the third quarter of 2023. The decrease in average inventory turnover was primarily due to the impact of foreign currency translation.

The company expects incremental savings from restructuring actions, net of transition costs. This demonstrates management's commitment to improving efficiency and profitability.

Company-wide, on an organic basis, net sales of Intelligent Label solutions increased by a mid-teens rate compared to the same period in the prior year. This demonstrates a competitive advantage in this growing market segment.

During the first nine months of 2024 and 2023, the company primarily invested in information technology upgrades in the U.S. This shows continued investment in technology.

The company expects net sales to increase due to higher volume as markets improve following significant inventory destocking downstream from our company in 2023, as well as growth in Intelligent Labels.

During the first nine months of 2024 and 2023, the company repurchased approximately 0.5 million and 0.7 million shares of our common stock, respectively.

In April 2024, we increased our quarterly dividend rate to $0.88 per share, representing an increase of approximately 9% from our previous quarterly dividend rate of $0.81 per share.

Capital resources used to fund our operational needs include cash flows from operations, cash and cash equivalents and debt financing, including access to commercial paper borrowings supported by our $1.20 billion revolving credit facility.

The 10-Q filing does not explicitly detail ESG initiatives or provide specific metrics related to environmental, social, or governance factors.

Environmental expenditures are generally expensed. When it is probable that a loss will be incurred and where a range of the loss can be reasonably estimated, the best estimate within the range is accrued.

As of September 28, 2024, we have been designated by the U.S. Environmental Protection Agency ("EPA") and/or other responsible state agencies as a PRP at ten waste disposal or waste recycling sites that are the subject of separate investigations or proceedings concerning alleged soil and/or groundwater contamination.

The company expects net sales to increase due to higher volume as our markets improve following significant inventory destocking downstream from our company in 2023, as well as growth in Intelligent Labels.

The company expects net sales to increase due to higher volume as our markets improve following significant inventory destocking downstream from our company in 2023, as well as growth in Intelligent Labels.

During 2019, the Argentine government instituted exchange controls restricting the ability of entities and individuals to exchange Argentine pesos for foreign currencies or remit foreign currency out of Argentina.