Flexible Electronics News

CCL Industries Announces 2023 1Q Results

Sales for the first quarter of 2023 increased 8.6% to $1,652.1 million.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported 2023 first quarter results. Sales for the first quarter of 2023 increased 8.6% to $1,652.1 million, compared to $1,521.7 million for the first quarter of 2022, with organic growth of 1.4%, acquisition-related growth of 3.0% and 4.2% positive impact from foreign currency translation. Operating income for the first quarter of 2023 increased 12.7% to $257.7 million compared to $228.6 million for the comparable quarter of 2022. “I am pleased to report first quarter...

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