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.
The company's shares are down 4.8% from a week ago.
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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