Sun Chemical to Globally Increase Prices on Color Materials Portfolio

TC Transcontinental is proud to release its 2020 Corporate Social Responsibility (CSR) Progress Report, which outlines the results achieved in the course of its three-year 2019-2021 Acting Together CSR Plan and its 11 objectives around four axes: its employees, its operations, its products and its communities. Highlights of the report include innovative projects related to our commitment to the circular economy of plastics and the reduction of the corporation’s carbon footprint, in addition to an excellent performance on employee-related goals, including a reduction in the health and safety incident rate and an increased balance in gender diversity. "The achievements reflected in this progress report are supported by strong governance and oversight of TC Transcontinental's corporate strategy and sustainability objectives, by its Board of Directors and its Governance and Social Responsibility Committee. These achievements also demonstrate the resilience and agility of the Corporation's leadership and its employees," said Isabelle Marcoux, Chair of the Board of TC Transcontinental. In 2020, we continued our efforts to increase the representation of women in our leadership teams and are very proud to have surpassed our initial target by reaching 31% of women in leadership positions in our Packaging, Printing and Media Sectors."

*Revenue for the third quarter was $92.6 million higher than the previous year. Not including the First American acquisition, which closed on June 1, 2021, revenue increased $10.1 million, or 2.3% year-over-year. *The Payments segment delivered revenue growth of 114.6% over the previous year to $160.3 million, $82.5 million of which was from First American. *Net income of $12.5 million includes $11.9 million in acquisition amortization from the First American acquisition, as well as increased interest expense associated with the transaction. *Cash flow from operations for the third quarter was $65.4 million and capital expenditures were $34.5 million. Free cash flow, defined as cash provided by operating activities less capital expenditures, was $30.9 million, an increase of $11.6 million from the second quarter of 2021, and a decrease of $10.7 million compared to the third quarter of 2020, largely attributable to capital investments this year. *Total debt outstanding decreased from $1,833.4 million as of June 30, 2021 to $1,776.2 million as of September 30, 2021. Net debt was $1,655.1 million and liquidity was $433.6 million as of September 30, 2021.

Sheridan’s Pennsylvania facility (a CJK Group company) is the site of the first Komori Lithrone GX840P+C, Eight-Unit Perfecting Press to be installed in the world. The latest press in the GLX series from Komori features the most productive and robust automation available. Among its many advanced features are Parallel Makeready*, which dramatically shortens makeready times, Smart Sequence* for non-stop automation, A-APC (Asynchronous Automatic Plate Changing System) for fast plate changes, PDC-SX (Spectral Print Density Control – SX), and Full Unit Ink Mist Filtering—all targeted to increase productivity and reduce costs. One of the most significant process changes is the adoption of energy cured inks. UV inks are instantly cured, eliminating all marking concerns on press and in finishing, thus allowing the press to run at higher speeds. Furthermore, a coater is integrated after the 8th unit, which is capable of applying UV or AQ solutions for superior enhancement and protection.