Flexible Electronics News

CCL Industries Announces 1Q 2017 Results

Sales for the first quarter of 2017 increased 22.5% to $1,061.5 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported 2017 first quarter results. Sales for the first quarter of 2017 increased 22.5% to $1,061.5 million, compared to $866.8 million for the first quarter of 2016, with 2.1% organic growth, 4.7% negative currency translation impact and 25.1% acquisition-related growth, primarily driven by the acquisition of Checkpoint Systems, Inc. on May 13, 2016, and Innovia on February 28, 2017.   Operating income for the first quarter of 2017 was $158.9 million, an increase of 6.0% ...

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