Flexible Electronics News

CCL Industries Announces 33.1% Sales Increase in 2Q 2016

Reports adjusted net earnings of $2.80 per basic share for the second quarter.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported 2016 second quarter results.   Sales for the second quarter of 2016 increased 33.1% to $960.2 million, compared to $721.5 million for the second quarter of 2015, with 6.9% organic growth, 2.8% positive currency translation impact and 23.4% acquisition related growth, primarily driven by the May 13, 2016 acquisition of Checkpoint Systems, Inc. and Nov. 6, 2015 acquisition of Worldmark Ltd.   Operating income for the second quarter of 2016 was $143.1 million, an in...

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