CCL Industries Ord Shs Class A CCLLF

Primary Symbol: T.CCL.A Alternate Symbol(s): CCDBF | T.CCL.B

Consumer Cyclical Packaging & Containers

CCL Industries Inc. is a Canada-based company, which is primarily involved in the manufacture of labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates and specialty films. The Company's segments include CCL, Avery, Checkpoint and Innovia. CCL segment is a converter of pressure sensitive and specialty extruded film materials for a range of decorative, instructional, functional and security applications. Avery segment is a supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers. Checkpoint segment is a developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia segment is a producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications.

TSX:CCL.A - Post by User

CCL Industries Ord Shs Class A

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Post by retiredcfon Aug 18, 2024 1:42pm

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Another View of Earnings

CCL.B beat EPS expectations of $1.03, coming in at $1.13 for the quarter. Revenue also beat estimates of $1.76B coming in at $1.85B and displaying 12.2% year-over-year. Organic growth was 8.5% while acqusition related growth was 3%. Across segements: CCL, Avery, Checkpoint and Innovia posted organic sales growth of 9.0%, 1.1%, 17.5% and 6.2% from the prior year. Operating income improved 25.4%, with a 16.4% operating margin up 170 bps. Overall, we think this was a good quarter from CCL.B, seeing nice growth across revenue and EPS. (5iResearch)

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Two micro-cap stocks with strong fundamentals