- March 14, 2013
TORONTO, ON, CANADA | CCL Industries reports record net earnings for 2012. The company is a provider of label solutions for global producers of consumer brands in the home and personal care, healthcare, durable goods, and premium food and beverage sectors, as well as a specialty supplier of aluminum containers and plastic tubes for the same customers in North America.
Sales were $1,308.6 million in 2012, an increase of 3.2% compared to the $1,268.5 million in 2011. Excluding the impact of foreign currency translation, sales increased 5.3% organically and 0.5% from the acquisitions of Sertech in April 2011 and Graphitype in July 2012.
According to Geoffrey T. Martin, president and CEO, "CCL's 2012 fourth quarter results represented the ninth consecutive quarter of year-over-year improvement in earnings, resulting in a record performance from operations in 2012 despite significant currency headwinds and a low growth global economic environment."
He adds that, given CCL’s prospects for the coming year and the company's commitment to increasing total shareholder return, the board of directors has declared an increase in the quarterly dividend of $0.02 per share, equating to 10.3% on the Class B shares.