CCL Industries Inc. (CCL.A) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to CCL Industries 2025 Fourth Quarter and Year End 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. Welcome to our fourth quarter investor call and record year-end results. I'll draw everyone's attention to page two of this presentation and remind everyone of our disclaimer regarding forward-looking statements. If you would like more information about the risks and opportunities facing our business, please have a look at our 2024 and 2025 annual reports, particularly the sections Risks and Opportunities. Our annual and quarterly reports can be found online on the company's website, CCLIND.com, or on CDARplus.ca. Moving to page three, for the fourth quarter of 2025, sales increased 3.5%, with 0.6% organic growth, 0.2% acquisition-related growth, and 2.7% positive impact from foreign currency translation, resulting in sales of almost $1.9 billion compared to approximately $1.8 billion in the fourth quarter of 2024. Operating income was $280.7 million for the 2025 fourth quarter compared to $267.9 million for the fourth quarter of 2024. a 2% increase excluding the impact of foreign currency translation. Jeff will expand on our segmented results for CCL, Avery, Check Point, and Inovia momentarily. Corporate expenses were up for the 2025 fourth quarter compared to the prior year fourth quarter due to higher variable long-term compensation expenses. Consolidated EBITDA for the 2025 fourth quarter excluding the impact of foreign currency translation, increased 3% to $3...