Industry News, Printers News

CCL Industries Reports Adjusted Net Earnings of $1.38 per Share for 3Q 2013, Declares Dividend

Sales for the third quarter of 2013 increased 91.6 percent to a record $606.6 million

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By: DAVID SAVASTANO

Editor, Ink World Magazine

CCL Industries Inc. reported its results for the third quarter and first nine months of 2013, ending Sept. 30, 2013. Sales for the third quarter of 2013 increased 91.6% to a record $606.6 million, compared to $316.6 million for the third quarter of 2012, with 3.3% organic growth, 4.5% positive currency translation and the balance from the Avery Dennison and INT Autotechnik acquisitions. For the nine months ended Sept. 30, 2013, sales increased 31.7%, excluding currency translation, driven prima...

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