Review of CCL Industries Inc.

APR 25, 2024 - CCL.B is a leader in the label and special packaging industry. In 2023, the company was faced with unfavourable macroeconomic trends but was able to continue to grow revenue. Due to the nature of CCL.B’s business, the company is very exposed to macroeconomic and consumer spending trends, but management appears positive for what lies ahead. Following the increase in dividend along with positive performance and outlook for CCL.B, we are maintaining our rating of a ‘B+.’