CCL Industries (TSE:CCL.B) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.85b (up 12% from 2Q 2023).

• Net income: CA$279.5m (up 79% from 2Q 2023).

• Profit margin: 15% (up from 9.5% in 2Q 2023). The increase in margin was driven by higher revenue.

• EPS: CA$1.56 (up from CA$0.88 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

CCL Industries Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.6%. Earnings per share (EPS) also surpassed analyst estimates by 53%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 3.4% growth forecast for the Packaging industry in Canada.

Performance of the Canadian Packaging industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with CCL Industries, and understanding it should be part of your investment process.

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