Earnings release
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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 , August 5 , 2021 Stock Symbols : TSX - CCL.A and CCL.B CCL CCL Industries Announces Second Quarter Results Second Quarter Highlights • • • • Per Class B share ( ³ ) : $ 0.89 adjusted basic earnings up 50.8 % ; $ 0.86 basic earnings up 48.3 % ; currency translation negative $ 0.05 per share Sales increased 15.1 % on 20.5 % organic growth , 1.5 % acquisition growth partially offset by 6.9 % negative currency translation CCL , Avery , Checkpoint and Innovia posted organic sales growth of 14.4 % , 28.8 % , 61.6 % and 12.1 % , respectively Operating income ( ¹ ) improved 43.9 % , with a 16.7 % operating margin ( ¹ ) up 330 bps Six - Month Highlights . • • • Per Class B share ( 3 ) : $ 1.71 adjusted basic earnings up 30.5 % ; $ 1.68 basic earnings up 30.2 % ; currency translation negative $ 0.07 per share Sales increased 9.4 % on 12.1 % organic growth , 2.0 % acquisition growth partially offset by 4.7 % negative currency translation CCL , Avery , Checkpoint and Innovia posted organic sales growth of 9.8 % , 8.4 % , 33.3 % and 9.2 % , respectively Operating income ( 1 ) improved 26.0 % , with a 16.6 % operating margin ( 1 ) up 210 bps Toronto , August 5 , 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 2021 second quarter results . Sales for the second quarter of 2021 increased 15.1 % to $ 1,406.3 million , compared to $ 1,221.9 million for the second quarter of 2020 , with organic growth of 20.5 % , and acquisition- related growth of 1.5 % partially offset by 6.9 % negative impact from foreign currency translation . Operating income ( 1 ) for the second quarter of 2021 increased 43.9 % to $ 235.5 million compared to $ 163.6 million for the comparable quarter of 2020. Operating income ( 1 ) improved 51.4 % , excluding currency translation .