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TORONTO, ONTARIO -- (Marketwire) -- 02/21/13 -- CCL Industries Inc. (TSX: CCL.A)(TSX: CCL.B) -
Results Summary
For periods ended Three months December 31 unaudited Twelve months unaudited----------------------------------------------------------------------------(in millions of Cdn % % dollars, Change Change except per % Excl. % Excl. share data) 2012 2011 Change FX(i) 2012 2011 Change FX(i)----------------------------------------------------------------------------Sales $313.5 $317.3 (1.2%) 2.8% $1,308.6 $1,268.5 3.2% 5.8%----------------------------------------------------------------------------EBITDA(1) $ 57.7 $ 54.7 5.5% 10.8% $ 254.6 $ 239.1 6.5% 9.5%----------------------------------------------------------------------------Operating income(2) $ 38.6 $ 35.4 9.0% 15.2% $ 178.4 $ 163.7 9.0% 12.2%----------------------------------------------------------------------------Earnings in equity accounted investments $ 1.1 $ 1.4 (21.4%) $ 2.2 $ 1.2 83.3%----------------------------------------------------------------------------Restructuring and other items - net loss $ - $ (0.3) n.m. $ - $ (0.8) n.m.----------------------------------------------------------------------------Net earnings $ 19.9 $ 18.4 8.2% 18.9% $ 97.5 $ 84.1 15.9% 21.8%----------------------------------------------------------------------------Per Class B share Basic earnings per share $ 0.59 $ 0.55 7.3% $ 2.91 $ 2.54 14.6% Diluted earnings per share $ 0.58 $ 0.54 7.4% $ 2.86 $ 2.50 14.4%----------------------------------------------------------------------------Restructuring and other items - net loss - $ 0.02 n.m. $ - $ 0.03 n.m.Adjusted basic earnings per Class B share(3) $ 0.59 $ 0.57 3.5% $ 2.91 $ 2.57 13.2%----------------------------------------------------------------------------Number of outstanding shares (in 000s) Weighted average for the period - basic 33,484 33,111 Actual at period end 33,820 33,689(i) - Change over prior year's comparative period excludes estimated impactof foreign currency translation.
CCL Industries Inc. ("CCL" or "the Company") is a world leader in the development of label solutions for global producers of consumer brands in the home & personal care, healthcare, durable goods, and premium food & beverage sectors; and a specialty supplier of aluminum containers and plastic tubes for the same customers in North America.
Full Year 2012 Results
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.
