CCL Industries Inc. is engaged in specialty packaging. The Company operates through three segments: the Label Segment, Avery and the Container Segment. The Label Segment is the producer of label solutions for consumer product marketing companies in the personal care, food and beverage, household chemical and promotional segments of the industry, and it supplies regulated labels to pharmaceutical, healthcare and industrial chemical customers plus long life labels to automotive and other durable goods companies. The Avery segment is a supplier of labels, specialty converted media and software solutions to enable short run digital printing in businesses and homes alongside complementary office products sold through distributors and mass market retailers. The Container Segment, operating under the name CCL Container, manufactures extruded aluminum aerosol containers for the personal care and homecare markets, bottles for beverage customers and a various other specialty products.
Market: Toronto
Fair value: CAD 257.5
Discount: 13%Average yearly return: 47%
Yield: 0.86%
Outperformer
HOLD
On May 5 CCL Industries reported quarterly results
First Quarter Highlights
- Record quarterly basic and adjusted basic earnings per Class B share (3) of $2.57 and $2.65, up 30.5% and 33.2% respectively; includes $0.13 currency tailwind
- Sales increased 22.8% supported by 7.3% CCL Label organic sales growth
- Operating income (1) increased 28.0% driven by strong performances across CCL Label, Avery and CCL Container
- Closed five bolt-on acquisitions during the quarter in addition to the planned transaction to acquire Checkpoint Systems, Inc.
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