CCL Industries Inc. (OTCPK:CCDBF) Q1 2025 Earnings Convention Name Could 8, 2025 7:30 AM ET
Firm Members
Sean Washchuk – Senior Vice President and Chief Monetary Officer
Geoff Martin – President and Chief Government Officer
Convention Name Members
Ahmed Abdullah – Nationwide Financial institution of Canada
Hamir Patel – CIBC Capital Markets
Sean Steuart – TD Cowen
Stephen MacLeod – BMO Capital Markets
Daryl Younger – Stifel
Arthur Nagorny – RBC Capital Markets
Operator
Good morning, and welcome to CCL Industries First Quarter Investor Replace. Please be aware that there can be a question-and-answer session after the decision. The moderator for at present is Mr. Geoff Martin, President and Chief Government Officer; and becoming a member of him is Mr. Sean Washchuk, Senior Vice President and Chief Monetary Officer.
Please go forward, gents.
Sean Washchuk
Thanks, everybody. Sean right here. Welcome to our first quarter investor replace, and we’ll leap proper in. Flip everybody’s consideration to Slide quantity 2, our disclaimer relating to ahead data. I’ll remind you that our enterprise faces identified and unknown dangers and alternatives. For additional particulars of those dangers, please check out our 2024 Annual Report, significantly beneath the part Dangers and Alternatives. Our annual and quarterly reviews could be discovered on-line on the corporate’s web site, cclind.com or on sedarplus.ca.
The subsequent slide, our abstract earnings assertion. For the primary quarter of 2025, gross sales elevated 8.6%, with 3.8% natural progress, 1.4% acquisition-related progress and three.4% optimistic influence from international forex translation, leading to gross sales of $1.89 billion, in comparison with $1.74 billion within the first quarter of 2024.
Working earnings was $316.9 million for the 2025 first quarter, in comparison with $282 million for the primary quarter of 2024, a 9% improve, excluding the influence of international forex translation. Geoff will broaden on the segmented working outcomes of our CCL, Avery, Checkpoint and the Innovia segments momentarily.
