CCL Industries Inc. (CCL.A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to CCL Industries' Third 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. Sean Waschuk here with Jeff Martin. We're in New Jersey at our home and personal care office in Lumberton, New Jersey, and we'll begin our Q3 presentation. Turning to slide two, our disclaimer regarding 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 on the company's website, CCLIND.com, or CDARplus.ca. Moving to slide three, our summary of our financial results. For the third quarter of 2025, sales increased 6.3%, with 3.7% organic growth 0.1% acquisition-related growth and 2.5% positive impact from foreign currency translation, resulting in sales of almost $2 billion compared to approximately $1.8 billion in the third quarter of 2024. Operating income was $321.8 million for the 2025 third quarter compared to $288.9 million for the third quarter of 2024. a 9% increase excluding the impact of foreign currency translation. Jeff will expand on our segmented operating results for our CCL, Avery, Check Point, and Inovia segments momentarily. Corporate expenses were up for the 2025 third quarter compared to the prior year third quarter due to higher variable long-term compensation expenses. Consolidated EBITDA for the 2025 third quarter excluding the ...