CCL Industries Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 05:30 pm EST
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CCL Industries Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 1,690.5 million compared to CAD 1,658.1 million a year ago. Net income was CAD 169.1 million compared to CAD 163.9 million a year ago. Basic earnings per share from continuing operations was CAD 0.95 compared to CAD 0.93 a year ago. Diluted earnings per share from continuing operations was CAD 0.94 compared to CAD 0.92 a year ago.
For the nine months, sales was CAD 4,987.1 million compared to CAD 4,795 million a year ago. Net income was CAD 491.4 million compared to CAD 477.5 million a year ago. Basic earnings per share from continuing operations was CAD 2.77 compared to CAD 2.68 a year ago. Diluted earnings per share from continuing operations was CAD 2.75 compared to CAD 2.66 a year ago.
CCL Industries Inc. is a Canada-based company, which provides specialty label, security, and packaging solutions. The Company provides its solutions to global corporations, government institutions, small businesses, and consumers. The Company operates through four segments: CCL, Avery, Checkpoint, and Innovia. Its CCL segment is a converter of pressure sensitive, and specialty extruded film materials for a range of decorative, instructional, functional and security applications. Its Avery segment is a supplier of labels, specialty converted media and software solutions. Its Checkpoint segment is a developer of radio frequency (RF) and radio frequency identification (RFID) based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries. Its Innovia segment is a producer of specialty and layered surface engineered films for label, packaging, and security applications.
CCL INDUSTRIES INC. 
