CCL Industries Inc. (OTCPK:CCDBF) Q4 2024 Earnings Conference Call February 20, 2025 7:30 AM ET
Company Participants
Geoff Martin – President, Chief Executive Officer and Director
Sean Washchuk – Chief Financial Officer and Senior Vice President
Conference Call Participants
Ahmed Abdullah – National Bank of Canada
Nicolai Goroupitch – CIBC Capital Markets
Sean Steuart – TD Cowen
Jonathan Goldman – Deutsche Bank
Daryl Young – Stifel
Arthur Nagorny – RBC Capital
Stephen MacLeod – BMO
Michael Glen – Raymond James
Operator
Good morning, and welcome to CCL Industries Fourth Quarter Investor Update. Please note that there will be a question-and-answer session after the call. The moderator for today is Mr. Geoff Martin, President and Chief Executive Officer; and joining him is Mr. Sean Washchuk, Senior Vice President and Chief Financial Officer. Please go ahead, gentlemen.
Sean Washchuk
Good morning, everyone. Sean Washchuk here. Let’s jump right into it. Moving to Slide 2, our disclaimer on forward-looking information. I’d like to draw everyone’s attention to our updated disclaimer regarding the forward-looking statements. I’ll remind you that our business faces known and unknown risks and opportunities. For further details of these key risks, please take a look at our 2024 and 2023 annual report, particularly the section risks and uncertainties. Our annual and quarterly reports can be found online on the company’s website cclind.com or on sedarplus.ca.
Moving to the next slide, our financial summary for the fourth quarter and the year. For the fourth quarter of 2024, sales increased 9% with 6.8% organic growth, 1.4% acquisition related growth and 0.8% positive impact from foreign currency translation, resulting in sales of $1.81 billion compared to $1.66 billion in the fourth quarter of 2023.
Operating income was $267.9 million for the 2024 fourth quarter compared to $254.8 million for the fourth quarter of 2023, a 5% increase
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