Canada's CCL Industries Q1 sales rise on organic growth

CCL Industries

13/05/2026 22:40

Overview

Canada specialty label and packaging firm's Q1 sales rose 2.8%, slightly beating analyst expectations

Adjusted basic EPS for Q1 rose 1.7% to C$1.20; basic EPS was flat yr/yr at C$1.18

Company returned C$129.8 mln to shareholders via buybacks and dividends in Q1

Outlook

Company expects to resolve CCL Container's insurable event within the current financial year

Avery segment expected to improve for 2026 back-to-school season due to absence of tariffs

Result Drivers

SEGMENT PERFORMANCE - CCL, Avery and Checkpoint segments posted organic sales growth, partly offset by an organic decline for Innovia

REGIONAL VARIATION - CCL segment saw mid-teens organic sales growth in Asia Pacific and mid-single digit growth in Europe and Latin America, while North America and Middle East declined

INPUT COST PRESSURES - Input cost inflation, notably for resins, aluminum and energy, increased due to Middle East conflict; company is using supply chain measures and surcharges to mitigate

Company press release: ID:nACSzmPyNa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Slight Beat*
C$1.94 bln
C$1.93 bln (9 Analysts)
Q1 Net Income
C$204.90 mln
Q1 Gross Profit
C$585.30 mln
Q1 Pretax Profit
C$274.60 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the non-paper containers & packaging peer group is "buy"

Wall Street's median 12-month price target for CCL Industries Inc is C$101.00, about 19.6% above its May 13 closing price of C$84.46

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)