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Sales declined 2.7% to $1,296.5 million on organic declines across all segments.
May 15, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
CCL Industries Inc. reported 2020 first quarter results. Sales for the first quarter of 2020 decreased 2.7% to $1,296.5 million, compared to $1,332.1 million for the first quarter of 2019, with 2.8% organic decline and 1.0% negative impact from foreign currency translation partially offset by 1.1% acquisition-related growth. Operating income for the first quarter of 2020 was $200.3 million compared to $204.8 million for the comparable quarter of 2019. Operating income decreased 1.2%, excluding...
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