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CCL Industries (A) (TSE:CCL.A)
TSX:CCL.A
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.99Last Year’s EPS
0.97Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: -15.08%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales growth, improved operating income, and significant performance in the Checkpoint and Innovia segments. However, challenges remain with the CCL Secure segment, increased net debt, and start-up costs impacting future profitability. The balance sheet remains strong, and free cash flow has improved, indicating a cautiously optimistic outlook.Company Guidance
During the third-quarter investor update call for CCL Industries, guidance was provided by senior executives, including President and CEO Geoff Martin and CFO Sean Washchuk. The company reported a 9.4% increase in sales for Q3 2024, reaching $1.85 billion, driven by 6.9% organic growth, 1.8% acquisition-related growth, and a 0.7% positive impact from foreign currency translation. Operating income rose by 13% to $288.9 million, excluding currency impacts, while consolidated EBITDA increased by 11%. The net finance expense decreased slightly to $19.3 million, and the effective tax rate remained steady at 24.5%. Net earnings for the quarter were reported at $191.7 million, compared to $169.1 million in Q3 2023. The company also highlighted a $78 million non-tax, non-cash revaluation gain from acquiring the remaining interest in the Pacman CCL joint venture. Basic earnings per share for Class B shares were $1.08, with adjusted earnings at $1.09, reflecting a 14.7% improvement. Free cash flow from operations increased to $233 million, and net debt rose to $1.68 billion due to capital expenditures, acquisitions, and share buybacks. The balance sheet remained strong, with a leverage ratio of 1.14 times and robust liquidity. The company also mentioned expansion projects and market segment performances, including RFID growth in the Checkpoint segment and challenges in CCL Secure due to tough comparisons.Strong Sales Growth
Sales for the third quarter of 2024 increased by 9.4%, with 6.9% organic growth, 1.8% acquisition-related growth, and a 0.7% positive impact from foreign currency translation, reaching $1.85 billion compared to $1.69 billion in 2023.
Operating Income and EBITDA Increase
Operating income rose by 13%, and consolidated EBITDA increased by 11% for the third quarter of 2024 compared to the same period in 2023.
Net Earnings Improvement
Net earnings for the third quarter of 2024 were $191.7 million, up from $169.1 million in the third quarter of 2023.
Checkpoint Segment Performance
Checkpoint reported over 30% organic sales growth, driven by RFID wins and retailer inventory normalization, leading to significant profit gains.
Innovia Segment Recovery
Sales growth was aided by labor materials industry recovery in North America and Europe, and strong operating performance in the Americas.
Free Cash Flow Increase
Free cash flow from operations was an inflow of $233 million for Q3 2024, surpassing the $182 million from Q3 2023.
Strong Balance Sheet
The balance sheet remained strong with $760 million in cash and $0.9 billion in available undrawn credit capacity.
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TSE:CCL.A 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.A Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | C$82.42 | C$78.24 | -5.07% |
| Aug 08, 2024 | C$71.54 | C$73.75 | +3.09% |
| May 08, 2024 | C$73.64 | C$72.41 | -1.67% |
| Feb 21, 2024 | C$58.44 | C$67.64 | +15.74% |
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 (A) (TSE:CCL.A) report earnings?
CCL Industries (A) (TSE:CCL.A) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is CCL Industries (A) (TSE:CCL.A) earnings time?
CCL Industries (A) (TSE:CCL.A) earnings time is at Feb 19, 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.A EPS forecast?
TSE:CCL.A EPS forecast for the fiscal quarter 2024 (Q4) is 0.99.
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