Industry News, Printers News

CCL Industries Announces Record 2022 Results

For the 2022 year, sales, operating income and net earnings improved 11.3%, 4.8% and 3.9% to $6.4 billion, $934.4 million and $622.7 million, respectively.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported fourth quarter and annual financial results for 2022. Sales for the fourth quarter of 2022 increased 6.6% to $1,587.2 million, compared to $1,488.8 million for the fourth quarter of 2021, with an organic decline of 0.6% offset by acquisition- related growth of 4.9% and 2.3% positive impact from foreign currency translation. Operating income for the fourth quarter of 2022 increased by 1.1% to $211.2 million compared to $208.8 million for the comparable quarter o...

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