Q: Could I have your assessment of earnings for CCL.B .
Thanksh
Thanksh
5i Research Answer:
EPS of 97c beat estimates of 87c. Sales of $1.66B beat estimates of $1.64B. EPS (adjusted) rose 17%. Sales rose 4.7% with 3% acquisition growth and currency benefits. Operating margin rose 2 percentage points. CCL did take a $95M charge to close a facility. It was a good quarter. We would like to see more organic growth (it was slightly negative). The dividend was increased 9.4%.