Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2023
*Revenues of $779.7 million for the quarter ended October 29, 2023; operating earnings of $66.7 million; and net earnings attributable to shareholders of the Corporation of $41.7 million ($0.48 per share). *Launched an ambitious program including costs reductions, measures aimed at less-performing activities and the sale of real estate assets to improve the Corporation's earnings per share and balance sheet. Actions already undertaken: *Closed the Montreal recycling plant and integrated recycling into packaging plants. *Announced, on November 24, 2023, the closure of the Tomah, Wisconsin, packaging plant in February 2024.