• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Top Companies
    • Printing Inks
    • Raw Materials
    • Equipment
    • Directories
    • Events
    • Jobs
    • More
  • Magazine
  • News
  • Exclusives
  • Top Companies
  • Printing Inks
  • Raw Materials
  • Equipment
  • Directories
  • Events
  • Jobs
  • Current / Back Issues
    Features
    Columns
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Sustainability and the Ink Industry

    The State of the Pigment Industry in 2021

    The 2021 Regulatory Report

    Production Equipment Helps Drive Ink Industry’s Sustainability Efforts

    Ink Industry Sees Opportunities in the Circular Economy
    Breaking News
    Distributor News
    Financial News
    Industry News
    Ink Manufacturers News
    Market Research
    Mergers and Acquisitions
    New Products
    Personnel
    Price Increases
    Printers News
    Suppliers News
    Live From Shows
    Top News
    FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

    NUtec Launches Quartz Q50-RTR2

    Quad Reports 4Q, Full-Year 2020 Results

    Arkema Reports Full-Year 2020 Results

    RRD Reports 4Q, Full-Year 2020 Results
    Top North American Companies
    Top International Companies
    Conductive Inks and Printed Electronics
    Graphic Arts Coatings
    Inkjet Inks and Toners
    Marking and Pad Printing Inks
    News Inks
    Packaging Flexo Inks
    Packaging Gravure Inks
    Publication Gravure Inks
    Publication Offset Inks
    Screen Inks
    Sheetfed Inks
    Specialty Inks
    UV and EB Inks

    FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

    NUtec Launches Quartz Q50-RTR2

    Quad Reports 4Q, Full-Year 2020 Results

    RRD Reports 4Q, Full-Year 2020 Results

    CCL Industries Reports Record 2020 Results
    Additives
    Energy-Curable Materials
    Flushed Colors and Pigments
    Metallics and Special Effects Pigments
    Resins
    Vehicles and Varnishes
    Waxes

    Arkema Reports Full-Year 2020 Results

    Ingevity Increasing Pine Chemical-based Products Prices

    Ingevity Adding Caprolactone Polyol Production in DeRidder, LA

    Jean Blackwell Elected Chair of Ingevity’s Board of Directors

    Final PV29 Risk Evaluation Produces Mixed Conclusions
    Energy-Curing Equipment
    Mills and Mixers
    Testing, Color and QC

    Union Process Develops Attritor for Inks, Coatings Supplier

    Phoseon Technology Introduces Near-Infrared LED Lamps

    Ruth Metzler-Arnold Resigns from Bühler Group's Board of Directors

    Bühler Reports 2020 Annual Results

    FTA Announces Color-Focused Professional Development Training Course
    Buyers Guide
    Distributor Guide
    European Ink Directory
    U.S. Ink Directory
    International Buyers Guide Companies
    Hockmeyer Equipment Corp.

    Custom Milling and Consulting

    Brilliant Group, Inc.

    Standard Colors

    Keim-Additec Surface USA, LLC
    Industry Events
    Live from Show Event
    Webinars
    Top Events
    Labelexpo Americas/Brand Print Americas 2021

    Coatings Expo Vietnam 2021

    PRINTING United Expo 2021

    Eastern Coatings Show 2021
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directory
      • Buyers Guide
      • Distributor Guide
      • European Ink Directory
      • U.S. Ink Directory
      • Trade Associations
    • Printing Inks
      • Conductive Inks and Printed Electronics
      • Graphic Arts Coatings
      • Inkjet Inks and Toners
      • Marking and Pad Printing Inks
      • News Inks
      • Packaging Flexo Inks
      • Packaging Gravure Inks
      • Publication Gravure Inks
      • Publication Offset Inks
      • Screen Inks
      • Sheetfed Inks
      • Specialty Inks
      • UV and EB Inks
    • Raw Materials
      • Additives
      • Energy-Curable Materials
      • Flushed Colors and Pigments
      • Metallics and Special Effects Pigments
      • Resins
      • Vehicles and Varnishes
      • Waxes
    • Equipment
      • Energy-Curing Equipment
      • Mills and Mixers
      • Testing, Color and QC
    • Top Companies
      • Top North American Companies
      • Top International Companies
    • Online Exclusives
    • Slideshows
    • Expert's Opinion
    • Videos
    • eBook
    • Podcasts
    • Blog
    • Infographics
    • Whitepapers
    • Jobs
    • Supplier Microsites
      • Companies
      • Literature / Brochures
      • Whitepapers
      • Product Spec Sheets
      • Videos
      • Jobs
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    CCL Industries Announces Record Quarterly Results for 3Q 2020

    Sales for 3Q 2020 increased 1.2% to $1,373.4 million, while operating income increased 17.4% to $246.3 million.

    CCL Industries Announces Record Quarterly Results for 3Q 2020
    Related CONTENT
    • CDP Recognizes Crown for Supplier Engagement In Managing Climate Risk
    • CompanyBox Adds 2nd HP PageWide C500
    • HP Launches Certified Pre-Owned Program for HP Indigo Digital Presses
    • hubergroup Launches HYDRO-X GA Water Barrier Coating
    • Siam Toppan Earns WorldStar Packaging Award for 2nd Consecutive Year
    Ink World Staff11.17.20

    CCL Industries Inc. reported 2020 third quarter results.

     

    Sales for the third quarter of 2020 increased 1.2% to $1,373.4 million, compared to $1,357.1 million for the third quarter of 2019, with 2.5% organic decline offset by 2.2% acquisition-related growth and 1.5% positive impact from foreign currency translation.

     

    Operating income for the third quarter of 2020 increased 17.4% to $246.3 million compared to $209.8 million for the comparable quarter of 2019. Operating income increased 16%, excluding currency translation.

     

    Net earnings were $153.3 million for the 2020 third quarter compared to $127.7 million for the 2019 third quarter.

     

    For the nine-month period ended Sept. 30, 2020, sales and operating income declined 3.8% and 0.5% to $3.9 billion and $610.2 million, respectively. However, net earnings increased 3% to $383.8 million, compared to the same nine-month period in 2019.

     

    The 2020 nine-month period included results from 13 acquisitions completed since January 1, 2019, delivering acquisition-related sales growth for the period of 1.8%. Organic sales decline was 5.9% and foreign currency translation was a 0.3% positive impact.

     

    “I am very pleased to report record quarterly earnings,” said Geoffrey T. Martin, president and CEO. “This outstanding performance, in the midst of ‘once in a generation’ pandemic challenges, speaks to the resilience of our business model and the unrelenting commitment and dedication of our front line people around the world.

     

    “The CCL Segment posted organic sales growth of 4.2% and a 300 basis point improvement in operating margin. CCL Secure’s performance improved significantly on a favorable mix coupled with unusually strong demand for currency. Both CCL Design electronics and Healthcare & Specialty maintained second quarter momentum, as sales increased on share gains and higher consumer demand from the pandemic driving strong profit improvement,” Martin added.

     

    “Avery ‘WePrint’ and kids’ labels direct-to-consumer franchises were strong globally but not enough to offset steep declines in event and name badging as attended sports events, concerts, trade conventions and business meetings temporarily disappeared. Back-to-school performance, while initially encouraging, faded amid a somewhat chaotic return to schools and colleges in North America. Checkpoint sales declined compared to a strong prior year in the MAS business but overall profitability improved as apparel labeling demand rebounded, results aided by strong growth in RFID and cost-saving initiatives.”

     

    “The company completed the third quarter with a stronger balance sheet driven by persistent free cash flow, reducing the company’s net leverage ratio to 1.51 times adjusted EBITDA compared to 1.8 times at the end of 2020 second quarter,” Martin concluded.

    Related Searches
    • Conductive Inks and Printed Electronics
    • Packaging Flexo Inks
    • Inkjet Inks and Toners
    Related Knowledge Center
    • Packaging Flexo Inks
    • Inkjet Inks and Toners
    • Conductive Inks and Printed Electronics
    Suggested For You
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030 Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Novolex Appoints New CFO Novolex Appoints New CFO
    International Paper Named 1 Of the 2021 World International Paper Named 1 Of the 2021 World's Most Ethical Companies
    3M Named 1 of World 3M Named 1 of World's Most Ethical Companies
    CDP Recognizes Crown for Supplier Engagement In Managing Climate Risk CDP Recognizes Crown for Supplier Engagement In Managing Climate Risk
    CompanyBox Adds 2nd HP PageWide C500 CompanyBox Adds 2nd HP PageWide C500
    HP Launches Certified Pre-Owned Program for HP Indigo Digital Presses HP Launches Certified Pre-Owned Program for HP Indigo Digital Presses
    hubergroup Launches HYDRO-X GA Water Barrier Coating hubergroup Launches HYDRO-X GA Water Barrier Coating
    Siam Toppan Earns WorldStar Packaging Award for 2nd Consecutive Year Siam Toppan Earns WorldStar Packaging Award for 2nd Consecutive Year
    EuPIA: Printing Ink Producers Under Intense Pressure Due to Multiple Cost Drivers EuPIA: Printing Ink Producers Under Intense Pressure Due to Multiple Cost Drivers
    Siegwerk’s Raw Materials Supply Chain Under Pressure Due to Multiple Global Cost Drivers Siegwerk’s Raw Materials Supply Chain Under Pressure Due to Multiple Global Cost Drivers
    Kornit Digital Presents Kornit Fashion Week Tel Aviv 2021 Kornit Digital Presents Kornit Fashion Week Tel Aviv 2021
    Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050 Smurfit Kappa Sets New Sustainability Targets with Better Planet 2050
    BASF, Siemens Energy Cooperate in Carbon Management Field BASF, Siemens Energy Cooperate in Carbon Management Field
    BCF: UK Coatings Industry Faces Significant Challenges From EU Free Trade Agreement BCF: UK Coatings Industry Faces Significant Challenges From EU Free Trade Agreement

    Related Breaking News

    • Breaking News | Packaging Flexo Inks | Printers News
      FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

      FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events

      Previously scheduled as hybrid events—both in-person and virtual—they will now take place solely in a virtual environment.
      Anthony Locicero, Associate editor 02.26.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | New Products | UV and EB Inks
      NUtec Launches Quartz Q50-RTR2

      NUtec Launches Quartz Q50-RTR2

      Low odor, roll-to-roll ink developed for curing with conventional mercury vapor and LED UV lamps.
      Anthony Locicero, Associate editor 02.26.21

    • Breaking News | Financial News | Inkjet Inks and Toners | Printers News | Publication Gravure Inks | Publication Offset Inks
      Quad Reports 4Q, Full-Year 2020 Results

      Quad Reports 4Q, Full-Year 2020 Results

      Notes increases in full-year margin and cash flow while reducing debt by $184 million.
      David Savastano, Editor 02.26.21


    • Breaking News | Financial News | Inkjet Inks and Toners | News Inks | Printers News | Publication Gravure Inks | Publication Offset Inks | Sheetfed Inks
      RRD Reports 4Q, Full-Year 2020 Results

      RRD Reports 4Q, Full-Year 2020 Results

      Total debt is down more than $500 million in the quarter.
      David Savastano, Editor 02.26.21

    • Breaking News | Conductive Inks and Printed Electronics | Financial News | Packaging Flexo Inks | Printers News
      CCL Industries Reports Record 2020 Results

      CCL Industries Reports Record 2020 Results

      Fourth quarter sales increased 5.7% to $1,350.6 million, while operating income improved 22.7%.
      David Savastano, Editor 02.26.21

    • Breaking News | Ink Manufacturers News | Packaging Flexo Inks | Packaging Gravure Inks | Personnel | Printers News | Sheetfed Inks
      International Paper

      International Paper's Board of Directors Elects DG Macpherson

      Macpherson, 53, currently serves as chairman and CEO of W.W. Grainger, Inc.
      Anthony Locicero, Associate editor 02.25.21


    • Breaking News | Packaging Flexo Inks | Printers News
      Rondo Ganahl Adds Koenig & Bauer Durst Delta SPC 130

      Rondo Ganahl Adds Koenig & Bauer Durst Delta SPC 130

      The corrugated board and packaging manufacturer now plans to build a new dedicated digital production plant.
      Anthony Locicero, Associate editor 02.25.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners
      INX International, CannedWater4Kids Send Drinking Water to Texas

      INX International, CannedWater4Kids Send Drinking Water to Texas

      The truckload of 33,600 units will arrive at the Montgomery County Food Bank near Houston.
      Anthony Locicero, Associate editor 02.24.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      CompanyBox Adds 2nd HP PageWide C500

      CompanyBox Adds 2nd HP PageWide C500

      CompanyBox becomes the first company in the world to operate two C500 presses in the same facility.
      Anthony Locicero, Associate editor 02.24.21


    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      American Litho Adds HP PageWide Web Press T250 HD

      American Litho Adds HP PageWide Web Press T250 HD

      22-inch continuous inkjet Web Press with HP Brilliant Ink.
      Anthony Locicero, Associate editor 02.24.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Agfa Invests in New UK Showroom

      Agfa Invests in New UK Showroom

      The 3,500-square-foot site is scheduled to open in March 2021.
      Anthony Locicero, Associate editor 02.23.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      HP Launches Certified Pre-Owned Program for HP Indigo Digital Presses

      HP Launches Certified Pre-Owned Program for HP Indigo Digital Presses

      Includes portfolio of previously owned HP Indigo digital presses for commercial printing, labels, and packaging, including the HP Indigo 10000.
      Anthony Locicero, Associate editor 02.23.21


    • Breaking News | Graphic Arts Coatings | Ink Manufacturers News | Inkjet Inks and Toners | New Products
      Ashland Introduces Purekote 29100

      Ashland Introduces Purekote 29100

      New water-based inkjet primer series.
      Anthony Locicero, Associate editor 02.23.21

    • Breaking News | Conductive Inks and Printed Electronics
      ChemCubed, Phoenix United Associates Partner

      ChemCubed, Phoenix United Associates Partner

      Phoenix UAI will now represent ElectroJet brand solutions for printed electronics.
      Anthony Locicero, Associate editor 02.22.21

    • Breaking News | Ink Manufacturers News | Inkjet Inks and Toners | Printers News
      Videojet Launches Videojet 1880 Continuous Inkjet Printer

      Videojet Launches Videojet 1880 Continuous Inkjet Printer

      Digitally enabled Videojet 1880 Continuous Inkjet (CIJ) printer features advanced diagnostics.
      Anthony Locicero, Associate editor 02.22.21

    Trending
    • Siegwerk’s Raw Materials Supply Chain Under Pressure Due To Multiple Global Cost Drivers
    • Sun Chemical To Increase Prices On Inks, Coatings, Adhesives In North America
    • EFI Launches Super High Speed, Single-Pass Nozomi
    • SICPA Leverages Security Ink Expertise For Brand Protection
    • Spotlight On 2020 Top International Companies
    Breaking News
    • FTA Moves FORUM, INFOFLEX 2021 to Fully Virtual Events
    • NUtec Launches Quartz Q50-RTR2
    • Quad Reports 4Q, Full-Year 2020 Results
    • Arkema Reports Full-Year 2020 Results
    • RRD Reports 4Q, Full-Year 2020 Results
    View Breaking News >
    CURRENT ISSUE

    January 2021

    • Sustainability and the Ink Industry
    • The State of the Pigment Industry in 2021
    • The 2021 Regulatory Report
    • Production Equipment Helps Drive Ink Industry’s Sustainability Efforts
    • Ink Industry Sees Opportunities in the Circular Economy
    • Shutterfly Turns to HP to Boost Range of Personalized Gifts
    • Offering Excellent Ink Portfolio Crucial to Durst’s Success
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Preliminary Study Links Markers of Impaired Bone Health to Vegan Diet
    Refined Grains Linked to Heart Attack Risk, Early Death
    Kappa Bioscience Extends Research Partnership For COVID-19 Research
    Coatings World

    Latest Breaking News From Coatings World

    Nippon Paint Marine Wins Korea Export Award
    Universal Display Corporation, PPG Expand Global Production of UniversalPHOLED Materials
    PPG Introduces Premium Iso-free Primer Surfacer, Catalyst
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    January AI Raises $8.8 Million in New Funding
    FDA Clears Ava Fertility Tracking Wearable Device
    First Patient in Europe Treated With Diamondback 360 Coronary Orbital Atherectomy System
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Spark Therapeutics Appoints CTO
    Cryoport Launches ESG Program
    U.S. Govt. Purchases 100k Doses of Lilly's COVID-19 Antibody Cocktail
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    The Top Beauty Products of 2021, According to HelloGiggles
    Estée Lauder Taps Ana de Armas as Global Brand Ambassador
    Sephora Announces Significant Expansion
    Happi

    Latest Breaking News From Happi

    ACI Urges Senate to Approve Regan as EPA Administrator
    Estée Lauder Signs Actress Ana de Armas
    GUM Recalls Oral Spray
    Ink World

    Latest Breaking News From Ink World

    Etiflex Enters New Markets with Nilpeter FA-22 Installation
    Hydrocarbon Solvents Market to Surpass $8.1 Billion by 2030
    Marshall & Bruce Adds Koenig & Bauer Rapida 106 41-Inch Seven-Color Press
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    FTA converts Forum & INFOFLEX to virtual events
    Xeikon launches two new digital label printing presses
    UFlex adds capacity in packaging films
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Texas Medical Technology Partners with My Protect Kit
    Mexico City Single-Use Plastics Ban Leads to Tampon Shortage
    Believe Diapers Launch in U.S.
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Fusion Robotics Receives FDA Clearance for Spinal Navigation and Robotics System
    Kaia Health Unveils Next-Gen Complete MSK Care Solutions
    First Implantation of CTL Amedica's Minimally Invasive Flex Tower
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Comercial Kywi Improves Customer Service, Front-Store Operations with Zebra Mobile Solution
    Global Printed Circuit Board Market Projected to Reach $69.32 Billion by 2027
    Global Smart Glass Market to Register 6.8% CAGR Between 2021-28: Grand View Research

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login