on CCL Industries Inc. (CVE:CCL.B)
CCL Industries Reports Notable Third Quarter Growth in 2026
CCL Industries Inc., a leader in specialty labels and packaging, announced a 12.9% increase in third-quarter sales for 2026, reaching $2,219.9 million. This was driven by 6.9% organic growth and a positive foreign currency impact of 2.1%. Operating income rose by 10.7% to $356.3 million, aided by a 2.8% positive currency effect. However, restructuring and acquisition costs, notably from Sleever, amounted to $5.2 million.
Net earnings for the quarter were $223.6 million, with basic earnings per share up to $1.32. The CCL Segment showed a 6.7% growth with significant improvements at Avery and Innovia. Avery benefited from a strong back-to-school season, while Innovia saw a 25.1% sales increase mainly due to organic growth.
The company's financial liquidity remains robust, with over $1 billion in cash and substantial credit capacity to support further expansion.
R. P.
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