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CCL Industries Announces Record Results for 1Q 2025

Sales increased 8.6% to $1,887.1 million on 3.8% organic growth, 1.4% acquisitions and 3.4% positive currency translation.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

CCL Industries Inc. reported 2025 first quarter results. Sales for the first quarter of 2025 increased 8.6% to $1,887.1 million, compared to $1,737.2 million for the first quarter of 2024, with organic growth of 3.8%, acquisition-related growth of 1.4% and 3.4% positive impact from foreign currency translation.

Operating income for the first quarter of 2025 increased 12.4% to $316.9 million compared to $282 million for the comparable quarter of 2024. Operating income improved 9.4%, excluding currency translation.

Checkpoint’ sales increased 7.3% to $241.1 million, on organic growth of 3.9% and by 3.4% positive impact from foreign currency translation. Operating income was $37.3 million, up 0.8%.

“I am very pleased to report record quarterly adjusted earnings, with all our segments performing well, but with notably strong results for our CCL and Innovia segments, against a strong prior year period and amidst a tense volatile geopolitical backdrop,” said Geoffrey T. Martin, president and CEO.

“Rebounding demand and new business wins in electronics markets, particularly across Asia, alongside improved profitability in automotive despite slowing end market demand, drove significant gains for CCL Design,” Martin added. “Checkpoint posted good sales and profit growth in apparel labeling for both traditional categories and RFID, offset by modestly lower profitability in MAS products compared to a very strong first quarter in 2024.”

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