Yahoo Finance CCL Industries Third Quarter 2022 Earnings: Revenues Beat Expectations
CCL Industries (TSE:CCL.B) Third Quarter 2022 Results
Key Financial Results
Revenue: CA$1.66b (up 11% from 3Q 2021).
Net income: CA$163.9m (up 6.9% from 3Q 2021).
Profit margin: 9.9% (in line with 3Q 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CCL Industries Revenues Beat Expectations
Revenue exceeded analyst estimates by 2.4%.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Packaging industry in Canada.
Performance of the Canadian Packaging industry.
The company's shares are down 4.8% from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for CCL Industries that we have uncovered.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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