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CCL Industries Inc. 111 Gordon Baker Road , Suite 801 , Toronto , ON M2H 3R1 , Canada Tel +1 ( 416 ) 756-8500 www.cclind.com News Release For Immediate Release , Thursday , February 25 , 2021 Stock Symbols : TSX - CCL.A and CCL.B CCL CCL Industries Announces Fourth Quarter and Record 2020 Results Fourth Quarter Highlights • • Per Class B share ( ³ ) : $ 0.84 adjusted basic earnings up 25.4 % ; $ 0.81 basic earnings up 37.3 % ; currency translation neutral Sales increased 5.7 % on 2.5 % organic growth , 0.4 % positive currency translation , and 2.8 % acquisition growth Operating income improved 22.7 % , with a 15.8 % operating margin ( ¹ ) up 220 bps • Annual dividend increase of 16.7 % effective March 17 , 2021 2020 Highlights • • • • Per Class B share ( ³ ) : a record $ 3.08 adjusted basic earnings , up 10.4 % ; $ 2.96 basic earnings up 10.4 % ; currency translation positive $ 0.01 Sales decreased 1.5 % due to 3.9 % organic decline , partially offset by acquisition- growth of 2.1 % and 0.3 % positive currency translation Operating income ( 1 ) increased 4.6 % , with a 15.7 % operating margin ( 1 ) up 90 bps Consolidated leverage ratio improved to 1.24 for 2020 Toronto , February 25 , 2021 - CCL Industries Inc. ( " the Company " ) , a world leader in specialty label , security and packaging solutions for global corporations , government institutions , small businesses and consumers , today reported fourth quarter and annual financial results for 2020 . Sales for the fourth quarter of 2020 increased 5.7 % to $ 1,350.6 million , compared to $ 1,277.9 million for the fourth quarter of 2019 , with organic growth of 2.5 % , acquisition - related growth of 2.8 % and a 0.4 % positive impact from foreign currency translation . Operating income ( 1 ) for the fourth quarter of 2020 increased 22.7 % to $ 213.3 million compared to $ 173.9 million for the comparable quarter of 2019. Operating income ( 1 ) for the 2019 fourth quarter included a $ 9.6 million pension curtailment gain , associated with Company's decision to close the legacy Innovia U.K. defined benefit pension plan . Restructuring and other items were $ 5.8 million for the 2020 fourth quarter primarily for reorganization and severance costs at the Checkpoint Segment . For the fourth quarter of 2019 , restructuring and other items summed to $ 19.8 million , consisting of $ 13.3 million for settlement