Carnival (Paired CTF)

CCL Industries Inc. (OTCPK:CCDBF) Q4 2024 Earnings Conference Call February 20, 2025 7:30 AM ET Company Participants Geoff Martin - President, Chief Executive Officer and Director Sean Washchuk - Chief Financial Officer and Senior Vice President Conference Call Participants Ahmed Abdullah - National Bank of Canada Nicolai Goroupitch - CIBC Capital Markets Sean Steuart - TD Cowen Jonathan Goldman - Deutsche Bank Daryl Young - Stifel Arthur Nagorny - RBC Capital Stephen MacLeod - BMO Michael Glen - Raymond James Operator Good morning, and welcome to CCL Industries Fourth Quarter Investor Update. Please note that there will be a question-and-answer session after the call.» Mehr auf seekingalpha.com

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Fourth Quarter Highlights Per Class B share(3): $1.02 adjusted basic earnings up 5.2%; $1.01 basic earnings up 359.1%; $0.54 goodwill impairment loss in 2023 basic earnings; currency translation negative $0.01 per share Sales increased 9.0% on 6.8% organic growth, 1.4% acquisition growth and 0.8% positive currency translation CCL, Checkpoint and Innovia posted organic sales growth of 5.4%, 13.3%, and 20.2%, respectively, partly offset by an organic decline for Avery of 2.0% Operating income(1) improved 5.1%, with a 14.8% operating margin(1) down 50 bps 2024 Highlights Per Class B share(3): $4.32 adjusted basic earnings up 14.9%; $4.73 basic earnings up 58.2%; $0.44 revaluation gain included in 2024 basic earnings and $0.54 goodwill impairment loss in 2023 basic earnings; currency translation negative $0.02 per share Sales increased 9.0% on 6.1% organic growth, 2.3% acquisition growth and 0.6% positive currency translation Operating income(1) improved 13.0%, with a 15.8% operating margin(1) up 60 bps TORONTO, ON / ACCESS Newswire / February 19, 2025 / 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 fourth quarter and annual financial results for 2024. Sales for the fourth quarter of 2024 increased 9.0% to $1,812.5 million compared to $1,662.5 million for the fourth quarter of 2023, with an organic growth rate of 6.8%, acquisition-related growth of 1.4% and a 0.8% positive impact from foreign currency translation.» Mehr auf accessnewswire.com