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CCL Industries Announces Fourth Quarter and Record 2020 Results Toronto Stock Exchange:CCL-A

Fourth Quarter Highlights

  • Per Class B share(3): $0.84 adjusted basic earnings up 25.4%; $0.81 basic earnings up 37.3%; currency translation neutral
  • Sales increased 5.7% on 2.5% organic growth, 0.4% positive currency translation, and 2.8% acquisition growth
  • Operating income improved 22.7%, with a 15.8% operating margin(1)up 220 bps
  • Annual dividend increase of 16.7% effective March 17, 2021

2020 Highlights

  • Per Class B share(3): a record $3.08 adjusted basic earnings, up 10.4%; $2.96 basic earnings up 10.4%; currency translation positive $0.01
  • Sales decreased 1.5% due to 3.9% organic decline, partially offset by acquisition-growth of 2.1% and 0.3% positive currency translation
  • Operating income(1) increased 4.6%, with a 15.7% operating margin(1) up 90 bps
  • Consolidated leverage ratio improved to 1.24 for 2020

TORONTO, Feb. 25, 2021 (GLOBE NEWSWIRE) — CCL Industries Inc. (TSX:CCL.A) (TSX:CCL.B) (“the Company”), a world leader in specialty label, security