The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Obviously, you guys managed through this very well. So a good job on that. First, maybe just on the over -- Geoff, lots of good color, so really
appreciate that. Just Avery, Checkpoints, do you care to sort of take a status sort of order of magnitude what that may be down in Q3?
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AUGUST 07, 2020 / 11:30AM, CCLb.TO - Q2 2020 CCL Industries Inc Earnings Call
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: Maybe just on M&A. Geoff, again, you guys had a better Q2, you raised CapEx budget. Again, you feel most better. I was just sort of curious your
thoughts around M&A now sort of being as you're -- while you're working through [see chilling] more comp. Again, I know diligence may be here
with travel restrictions, but the higher level. Anything about that?
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: And there are other large opportunities out there? Again, I know you can't do due diligence, but just curious...
Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst
: And if I can maybe just sneak one last one in. Just on the free cash flow guide, again, just on the -- I'm just trying to get the moving parts again,
going to get the CapEx. Again, just trying to -- we can come up around assumptions for sort of profitability, but just on working capital, is there
going to be -- if it's an investment sort of source of cash for the year just and try to help us sort of...
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AUGUST 07, 2020 / 11:30AM, CCLb.TO - Q2 2020 CCL Industries Inc Earnings Call
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: Just a couple of segment-specific questions. You talked about Innovia. It really got the benefit from pantry loading, but that's eased. Has Innovia
-- are you still up year-over-year in July? I mean, do you expect there is a possibility they could do down in Q3? Or is it not that dramatic of a...
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: And then maybe just turning to the Checkpoint business. You talked about RFID driving some growth in the late part of the quarter. What's the
driver of that do you think?
Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst
: And then on the last call, you mentioned that you would expect earnings to get back to 2019 levels. You were sort of suggesting it'd be 2022. Does
the quicker step back in demand kind of change that outlook?
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