Transcontinental Inc. Announces Results for the First Quarter of Fiscal 2024
Highlights *Growth in adjusted operating earnings before depreciation and amortization(1) of 14.3% for the quarter, including an increase of 29.6% in the Packaging Sector. *Revenues of $680.4 million for the quarter ended January 28, 2024; operating earnings of $27.8 million; and net earnings attributable to shareholders of the Corporation of $13.9 million ($0.16 per share). "We had a solid first quarter despite persistently challenging market conditions," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "This performance is largely attributable to cost reductions in line with our priorities and the profitability and financial position improvement program announced in December.