Transcontinental Inc. announces its results for the third quarter of fiscal 2020
2020 Third Quarter Results: Revenues decreased by $141.5 million, or 19.4%, from $728.9 million in the third quarter of 2019 to $587.4 million in the corresponding period of 2020. Operating earnings increased by $18.7 million, or 33.0%, from $56.6 million in the third quarter of 2019 to $75.3 million in the third quarter of 2020. In the Packaging Sector, adjusted operating earnings increased by $11.5 million, from $34.1 million in the third quarter of 2019 to $45.6 million in the third quarter of 2020. In the Printing Sector, adjusted operating earnings increased by $7.7 million, or 16.4%, from $46.8 million in the third quarter of 2019 to $54.5 million in the third quarter of 2020. Net earnings attributable to shareholders of the Corporation increased by $44.9 million, from $3.4 million in the third quarter of 2019 to $48.3 million in the third quarter of 2020.