Quad to Close Three Printing Plants in Early 2021 (piworld.com)

TC Transcontinental announces the appointment of Eric Morisset as Chief Development Officer effective today, December 1, 2020. Based in Montréal, Mr. Morisset will report to François Olivier, President and Chief Executive Officer of TC Transcontinental, and will be part of the Executive Management Committee. Since 2018, the role of Corporate Development Officer had been held by Sam Bendavid, who was appointed earlier this year as Senior Vice President, TC Transcontinental Advanced Coatings and Procurement within TC Transcontinental Packaging. Mr. Morisset will be responsible for the Corporation’s M&A strategy and all aspects of acquisitions, divestitures and partnerships, as well as for overseeing company strategy. “We are extremely pleased to welcome Eric Morisset as Chief Development Officer at a time when, with our solid financial situation, we are well positioned to pursue growth opportunities through strategic, targeted acquisitions,” said François Olivier, President and Chief Executive Officer of TC Transcontinental. “Passionate about building and growing businesses, Eric is an accomplished senior executive who comes to us with a stellar background and extensive M&A and capital markets experience.”

We are thrilled to announce our remarkable success in the 2024 Graphics Excellence Awards (GEA) competition hosted by The Great Lakes Graphics Association (GLGA). This prestigious recognition highlights our unwavering dedication to excellence and innovation in the printing industry. We’re proud to share that we’ve received not just one but two prestigious awards in this year's competition. Our team is pleased to receive a Best of Division Award for Texas Parks & Wildlife’s Special Anniversary Issue and an Award of Excellence for Destination Madison’s Visitor Guide, reaffirming our commitment to delivering top-notch quality and service to our clients. The judging process, which took place from March 13-15, 2024, was conducted by a panel of independent judges carefully selected for their extensive expertise in printing, packaging, and print production. The GEA competition stands as one of the largest regional printing competitions in the nation, making this achievement all the more meaningful.

*Reported Net Sales of $700 million in the third quarter of 2023 compared to $830 million in the third quarter of 2022, and Net Loss of $3 million in the third quarter of 2023, or $0.06 diluted loss per share, compared to Net Earnings and diluted earnings per share of $14 million and $0.27 in the third quarter of 2022, respectively. *Increased Net Cash Provided by Operating Activities by $71 million for the nine months ended September 30, 2023, compared to the same period in 2022. *Increased Free Cash Flow by $61 million for the nine months ended September 30, 2023, compared to the same period in 2022, including $27 million of Free Cash Flow generation in the third quarter of 2023. *Reduced Net Debt by $132 million over the last 12 months to end the third quarter with a Debt Leverage Ratio of 2.36x, which is within the company’s long-term targeted leverage range of 2.0x – 2.5x.