CCL Industries Announces 2022 Second Quarter Results Second Quarter Highlights
- Per Class B share (3) : $0.94 adjusted basic earnings up 5.6%; $0.91 basic earnings up 5.8%; currency translation negative $0.02 per share
- Sales increased 14.9% on 10.9% organic and 4.8% acquisition growth partially offset by 0.8% negative currency translation
- CCL, Avery and Innovia posted organic sales growth of 10.9%, 13.8% and 19.5%, respectively
- Operating income (1) improved 5.2%, with a 15.3% operating margin (1) down 140 bps
Six-Month Highlights
- Per Class B share (3) : $1.79 adjusted basic earnings up 4.7%; $1.75 basic earnings up 4.2%; currency translation negative $0.04 per share
- Sales increased 13.8% on 10.8% organic and 4.7% acquisition growth partially offset by 1.7% negative currency translation
- CCL, Avery, Checkpoint and Innovia posted organic sales growth of 9.1%, 13.7%, 7.0% and 20.8%, respectively
- Operating income (1) improved 3.9%, with a 15.2% operating margin (1) down 140 bps
TORONTO, ON / ACCESSWIRE / August 10, 2022 / CCL Industries Inc. ("the Company")(TSX:CCL.A)(TSX:CCL.B), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, today reported 2022 second quarter results. CCL Industries Announces 2022 Second Quarter Results