CCL earnings date and guidance
CCL's next results are expected on November 11, 2026. Watch whether expected recoveries and operating improvements became real cash.
What has CCL guided for the year?
The price could reach C$112.40 in October 2029, but that outcome hinges on profitable operating recovery and cash discipline. Management guides to C$470.0 million of net capital expenditure for the year to December 2026. It expects solid main-segment orders, Avery direct-to-consumer growth, second-half improvement at Checkpoint and possible inventory reductions at Innovia.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Net capital expenditures | Year to Dec 2026 | 470.0 | 470.0 | Aug 12, 2026 |
What this means. Net capital expenditures means the company expects to spend about 470 million Canadian dollars after subtracting money received from selling assets.
Has CCL kept its past promises?
CCL also met its 2024 annual-report target for the German film plant: it began operating in the second quarter of 2025. The harder target was profitability by the end of 2026. The second-quarter 2026 presentation reported reduced losses, which is progress but not completion.
What do CCL's last eight quarters show about revenue and profit?
Revenue, operating income and diluted EPS all improved from the comparable quarter. EPS grew faster than total earnings because the share count was lower. Gross and operating margins, however, eased, so CCL earned more dollars while retaining slightly less from each sales dollar.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,110.2 | 1,939.0 | 1,876.2 | 1,965.9 | 1,934.6 | 1,887.1 | 1,812.5 | 1,849.7 |
| Gross margin | 29.9% | 30.2% | 28.8% | 30.3% | 30.4% | 30.3% | 28.7% | 29.8% |
| Operating income | 320.9 | 291.3 | 256.1 | 300.6 | 301.8 | 293.9 | 251.6 | 272.4 |
| Net income | 223.8 | 204.9 | 171.1 | 210.8 | 213.1 | 207.4 | 179.8 | 191.7 |
| EPS, diluted | 1.31 | 1.17 | 0.99 | 1.20 | 1.21 | 1.17 | 1.01 | 1.07 |
What this means. Free cash flow is the cash left after the company pays for equipment, leases, and interest, so it is lower than cash from operations.
What should CCL watch in its next results?
The immediate checkpoints are refinancing, faster capital spending and stronger operating cash in the third quarter. The year-end report should show whether projects were merely delayed or completed and put to productive use.