Flexible Electronics News

CCL Industries Announces 1Q 2022 First Quarter Results

Sales for the first quarter of 2022 increased 12.8% to $1,521.7 million, with RFID leader Checkpoint’s sales up 20.3% to $203 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported 2022 first quarter results. Sales for the first quarter of 2022 increased 12.8% to $1,521.7 million, compared to $1,349.5 million for the first quarter of 2021, with organic growth of 10.8%, acquisition-related growth of 4.5% partially offset by 2.5% negative impact from foreign currency translation. In particular, Checkpoint’s sales increased 20.3% to $203 million, on organic growth of 15.5% and acquisition contribution of 9.0%, partially offset by 4.2% negative ...

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