CCL Industries Inc. (CCL.A) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to CCL Industries' 2026 First Quarter Investor Update. Please note that there will be a question and answer session after the call. The moderator for today is Mr. Jeff Martin, President and Chief Executive Officer, and joining him is Mr. Sean Waschuk, Senior Vice President and Chief Financial Officer. Please go ahead, gentlemen. Good morning, everyone. Thank you, Holly. Here we are on our first quarter investor update. I'll draw everyone's attention to slide two. If I can advance the slide here. That's our disclaimer regarding forward-looking information. I'll let everyone note that our risks and uncertainties and opportunities are under our annual MD&A and our first quarter 2026 report. particularly under the section risks and uncertainties. Our annual and quarterly reports can be found online at the company's website, CCLIND.com, or on CDARplus.ca. Moving to our summary of financial results, slide number three. For the first quarter of 2026, sales increased 2.8%. with 1.9% organic growth, 0.3% acquisition-related growth, and 0.6% positive impact from foreign currency translation, resulting in sales of $1.94 billion compared to approximately $1.89 billion in the first quarter of 2025. Operating income was $317.5 million for the 2026 first quarter compared to $316.9 million for the first quarter of 2025, an improvement of 0.2%. Jeff will expand on the segmented operating results of our CCL, Avery, Check Point, and Inovia segments momentarily. Corporate expenses were down for the 2026 first quarter compared to the prior year first quarter due to lower variable compensation expenses. Consolidated EBITDA for the 2026 first quarter, excluding the impact of foreign currency translation, increased 1% compared to the same period in 2025. Net finance...