Ccl Industries Class B ( (CCDBF) ) has released its Q4 earnings. Here is a breakdown of the information Ccl Industries Class B presented to its investors.
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CCL Industries Inc. is an industry leader in specialty label, security, and packaging solutions, serving a diverse range of clients from global corporations to small businesses across multiple sectors.
In its 2024 financial report, CCL Industries announced record annual results with notable growth in both the fourth quarter and the full year, driven by strong organic and acquisition-related sales growth.
The company’s sales for the fourth quarter increased by 9.0%, reaching $1,812.5 million, supported by 6.8% organic growth and 1.4% from acquisitions. Operating income rose by 5.1% to $267.9 million, despite some negative impact from currency translation. The CCL, Checkpoint, and Innovia segments showed significant organic sales growth, while Avery experienced a slight decline. For the full year, sales reached $7,245.0 million, with operating income and adjusted net earnings improving by 13.0% and 15.5%, respectively.
CCL Industries maintained a strong balance sheet with a leverage ratio of 1.08 times Adjusted EBITDA and ended the year with substantial cash reserves. The company invested heavily in acquisitions, dividends, and capital stock buybacks while continuing to expand its global footprint through technology and capacity additions.
Looking forward, CCL Industries remains optimistic about sustaining its growth trajectory, supported by strong free cash flows and ongoing investments in greenfield initiatives and technological advancements, despite potential geopolitical uncertainties.
