CCL Industries Reports Record Fiscal 2026 First-Quarter Revenue and Earnings

CCL Industries reported record financial results for the first quarter ended March 31, 2026, driven by strong demand across its packaging and labeling businesses.

The company posted revenue of $1.93 billion for the quarter, an increase of 7.7% compared with the same period a year earlier. Operating income rose 10.7% year-on-year to $327.3 million, while net earnings increased 14.4% to $228.6 million.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached $413.3 million, up 9.3% from the prior-year quarter. Diluted earnings per Class B share improved to $1.29 from $1.12 a year earlier.

Chief Executive Officer Geoffrey T. Martin said the company delivered another quarter of record profitability despite ongoing macroeconomic uncertainty. He attributed the performance to operational execution, product innovation, and contributions from recent acquisitions.

The company’s CCL segment, which supplies pressure-sensitive and specialty packaging solutions, recorded higher sales and profitability across food, beverage, healthcare, and consumer sectors. The Avery division also reported growth supported by apparel branding and logistics-related demand.

CCL Industries said capital spending during the quarter totaled $111.7 million as the company continued investing in manufacturing capacity and technology upgrades. The company also repurchased shares under its normal course issuer bid program.

The company maintained a strong balance sheet with net debt leverage remaining below targeted levels, providing flexibility for future acquisitions and expansion initiatives.