Transcontinental Inc. Announces Results for the First Quarter of Fiscal 2025

Revenues of $643.0 million for the quarter ended January 26, 2025; operating earnings of $88.7 million.
Improvement of the net indebtedness ratio(1) to 1.53x as at January 26, 2025.
Sale of the industrial packaging operations to Hood Packaging Corporation for an amount of $132.0 million (US$95.0 million) on October 28, 2024.
Repurchase of 938,034 shares during the quarter ended January 26, 2025, for a total consideration of $16.3 million, as part of the normal course issuer bid.

“The results for this quarter continue to demonstrate the positive impact of the implementation of our program aimed at improving our profitability and our financial position announced in December 2023,” said Thomas Morin, President and Chief Executive Officer of TC Transcontinental.

“The Packaging Sector faced weaker demand in its Latin America operations and in the medical market. However, the initiatives put in place to reduce our costs as well as growth in our cheese and dairy products packaging contributed to maintaining the sector’s profitability for the quarter.

“The Retail Services and Printing Sector posted a 6.1% increase in adjusted operating earnings before depreciation and amortization for the quarter. The impact of the labour conflict at Canada Post was more than offset by the actions taken to improve our cost structure and mitigate the effects of that conflict, a more favourable product mix, including the roll-out of raddar™, as well as an increase in book printing and specialized solutions activities.”
details at: https://tctranscontinental.com/en-us/company-overview/news-room/press-releases/transcontinental-inc-announces-results-for-the-first-2

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