Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2024

“Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note,” said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. “I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability.

“In our Packaging Sector, despite the ongoing pressure on our medical market activities, we reported a 6.5% increase in adjusted operating earnings before depreciation and amortization for the quarter, mainly as a result of our cost reduction initiatives. For the fiscal year 2024, our adjusted operating earnings before depreciation and amortization amounted to $262.2 million, up 14.2% compared to the prior year.

“In our Retail Services and Printing Sector, we recorded an increase in adjusted operating earnings before depreciation and amortization for a second consecutive quarter. The actions taken to improve our cost structure, a more favourable product mix, including the roll-out of raddar™, as well as growth in our in-store marketing activities, continue to show results.
details at: https://tctranscontinental.com/en-us/company-overview/news-room/press-releases/transcontinental-inc-announces-results-for-the-fourth-1

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