Yahoo Finance CCL Industries First Quarter 2024 Earnings: Revenues In Line With Expectations
CCL Industries (TSE:CCL.B) First Quarter 2024 Results
Key Financial Results
Revenue: CA$1.74b (up 5.2% from 1Q 2023).
Net income: CA$192.1m (up 15% from 1Q 2023).
Profit margin: 11% (up from 10% in 1Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
CCL Industries Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Packaging industry in Canada.
Performance of the Canadian Packaging industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for CCL Industries that you need to take into consideration.
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