Q: Hi 5i Team,
If not already asked, pls comment on CCL Industries qtr. earning and this company going forward.
Thanks as always.
If not already asked, pls comment on CCL Industries qtr. earning and this company going forward.
Thanks as always.
5i Research Answer:
EPS of 95c missed estimates of 97c. Revenue of $1.69B missed estimates by 2%. EBITDA of $341.7M matched estimates. Sales rose 2% but earnings were flat year over year. Results were mostly uneventful, but considering that customers were destocking and inflation and labour issues continue to pressure the company, we would see the results as OK. Consensus calls for about 5% growth in 2024. The stock is priced well at 14X earnings. Not exciting, but reliable.