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Ccl Industries Class B (TSE:CCL.B)
:CCL.B
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.11Last Year’s EPS
1.07Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 4.69%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and strategic investments. However, challenges in specific segments and industries, such as Checkpoint and automotive, were noted. The company's overall position remains robust with continued growth and shareholder returns.Company Guidance
In the fourth quarter of 2024, CCL Industries reported a 9% increase in sales, reaching $1.81 billion compared to $1.66 billion in the same period in 2023. This growth was driven by 6.8% organic growth, 1.4% from acquisitions, and a 0.8% positive impact from foreign currency translation. Operating income rose to $267.9 million, up 5% from the previous year, while net earnings surged to $179.8 million from $38.8 million, influenced by a goodwill impairment charge in 2023. The effective tax rate decreased significantly to 22.9% from 57% in 2023. Earnings per share improved, with basic EPS at $1.01 and adjusted EPS at $1.02. Free cash flow from operations for the quarter was $261.7 million, slightly down from $273.8 million in 2023. The company's balance sheet remained strong with a net debt of $1.62 billion and a leverage ratio of 1.08x. Looking ahead, CCL expects to spend approximately $485 million on capital expenditures in 2025, with a new plant in Vietnam set to start operations in Q1.Strong Financial Performance
Sales increased by 9% in Q4 2024 compared to Q4 2023, with 6.8% organic growth, resulting in sales of $1.81 billion. Operating income rose by 5%, and net earnings for Q4 2024 were $179.8 million compared to $38.8 million in Q4 2023.
Segment Growth
CCL segment saw 5.4% organic growth with strong performance in Asia Pacific and Latin America. Innovia reported strong volume growth in North America with improved results in Europe and Poland.
Increased Returns to Shareholders
The company repurchased 2.6 million shares for $200.6 million. Dividends paid amounted to $206.4 million, totaling $407 million returned to shareholders in 2024.
Liquidity and Financial Position
Net debt was $1.62 billion, with a strong balance sheet and a leverage ratio of 1.08x. Liquidity was robust with $829 million of cash on hand and $1 billion of available undrawn credit capacity.
Expansion and Investment
Capital spending forecasted at $485 million for 2025, with new plant completions, including a new apparel label plant in Vietnam, highlighting ongoing investment in growth.
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TSE:CCL.B Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CCL.B Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | C$70.65 | C$73.96 | +4.69% |
| Nov 13, 2024 | C$81.08 | C$78.44 | -3.26% |
| Aug 08, 2024 | C$70.49 | C$73.37 | +4.08% |
| May 08, 2024 | C$72.27 | C$69.88 | -3.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ccl Industries Class B (TSE:CCL.B) report earnings?
Ccl Industries Class B (TSE:CCL.B) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Ccl Industries Class B (TSE:CCL.B) earnings time?
Ccl Industries Class B (TSE:CCL.B) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CCL.B EPS forecast?
TSE:CCL.B EPS forecast for the fiscal quarter 2025 (Q1) is 1.11.
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