CCL Industries Announces Strong Fourth Quarter Fourth Quarter Highlights
- Per Class B share (3) : $0.97 adjusted basic earnings up 16.9%; $0.22 basic earnings down 73.2%, currency translation positive $0.01
- Innovia goodwill impairment loss and restructuring charges reduced basic earnings by $0.75 per share
- Sales increased 4.7% on 3.0% acquisition growth and 2.2% positive currency translation partially offset by 0.5% organic decline
- Operating income (1) increased 20.6%, with a 15.3% operating margin (1) up 200 bps
2023 Highlights
- Per Class B share (3) : $3.76 adjusted basic earnings up 5.3%; $2.99 basic earnings down 14.6% including $0.77 of restructuring and goodwill impairment loss; currency translation positive $0.16
- Sales increased 4.2% on 2.4% acquisition growth and 4.3% positive currency translation partially offset by 2.5% organic decline
- Operating income (1) increased 8.2%, with a 15.2% operating margin (1) up 60 bps
- Annual dividend increased 9.4% effective March 15, 2024
TORONTO, ON / ACCESSWIRE / February 21, 2024 / CCL Industries Inc. (TSX:CCL.A)(TSX:CCL.B) ("the Company"), a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, today reported fourth quarter and annual financial results for 2023.
CCL Industries Announces Strong Fourth Quarter and 2023 Results (accesswire.com)