Business
CCL Releases Record Fourth Quarter Results and Increases Dividend
CCL Releases Record Fourth Quarter Results and Increases Dividend.
About this update from Ccl Industries Inc. Class A
[{"type":"text","content":"\n\n\n\nStock Symbol: TSX - CCL.A and CCL.B\n\n\nWILLOWDALE, ON, Feb. 22 /CNW/ -\n\n\nDear Shareholder:\n\n\nPlease find enclosed the Fourth Quarter and Full Year 2006 financial\nresults and related public disclosures for CCL Industries Inc. This\nshareholder package provides detailed information about your Company's\nbusiness activities and financial performance.\n\n\nYour Company continues to enjoy improved profitability and growth in its\nspecialty packaging niches. We are particularly pleased to have acquired in\nJanuary 2007 the shrink sleeve and stretch sleeve label business from Illinois\nTool Works located in the United Kingdom, Austria, Brazil and the United\nStates. This acquisition provides further breadth in our label offerings and\nties into the product lines of many of our existing customers, particularly in\nthe beverage industry.\n\n\nAfter experiencing a slowdown in some of our businesses in the third\nquarter and concerns about a continuation of that trend, we are pleased to\nreport that demand for our products and our profitability bounced back\nsignificantly in the fourth quarter. CCL is very well positioned to enjoy\nfurther growth in 2007.\n\n\nIn light of the improved financial performance in 2006 and strong\noperating cash flow, your Board of Directors is very pleased to approve\nanother increase in the quarterly dividend payable on March 30, 2007. This\n9% dividend increase is the second in nine months and the fourth in the last\nfive years and amounts to a 50% increase in that time period. The quarterly\ndividend is now $0.12 per Class B non-voting share and $0.1075 per Class A\nvoting share.\n\n\nConference calls with our stakeholders are held following the release of\nour quarterly results and when significant events require additional\ncommunication. These calls are made to ensure that all stakeholders are kept\ncurrent with our business developments and to support our good corporate\ngovernance practices. Presentation materials used during conference calls and\nformal investor meetings are posted on our website along with audio recordings\nof the meetings. Instructions for accessing these services are set out at the\nend of this earnings release.\n\n\nWe encourage all shareholders to access our website www.cclind.com on a\nregular basis for investor and company news. If you would like to have future...