CCL Industries Inc. (CCL.A) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to CCO Industries second 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 Washtuck, Senior Vice President and Chief Financial Officer. Please go ahead, gentlemen. Thanks, Holly. Welcome everyone to our second quarter call. I'll direct everyone to page two of this presentation and your attention regarding our disclaimer for forward-looking statements. I'll remind everyone that our business faces known and unknown risks and opportunities. For further details of these key risks, please take a look at our 2024 annual report, particularly 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 the next slide, a summary of financial results. For the second quarter of 2025, sales increased 4.8% with organic growth of 2%, 1% acquisition-related growth, and 1.8% positive impact from poor currency translation. resulting in sales of $1.9 billion compared to $1.8 billion in the second quarter of 2024. Operating income was $322.1 million for the 2025 second quarter compared to $303.5 million for the second quarter of 2024, a 5% increase excluding the impact of foreign currency translation. Jeff will expand on our segmented operating results for our CCL, Avery, Checkpoint, and Inovia segments momentarily. Corporate expenses were down for the 2025 second quarter compared to the prior year second quarter. Consolidated EBITDA for the 2025 second quarter, excluding the impact of foreign currency translation, increased 6% compared to the same period in 2024. Net finance expense, was $17.3 million for t...