Transcontinental Inc. announces its financial results for fiscal 2017
Fiscal 2017 Highlights: Revenues decreased by $12.3 million, or 0.6%. Operating earnings increased by $89.2 million, from $212.8 million to $302.0 million. Adjusted operating earnings, which exclude restructuring and other costs (gains) and impairment of assets, increased by $9.9 million, from $283.4 million to $293.3 million, or 3.5%. Net earnings increased by $65.2 million, from $146.3 million to $211.5 million. Adjusted net earnings, which exclude restructuring and other costs (gains) and impairment of assets, net of related taxes, increased by $5.9 million, from $196.3 million to $202.2 million, or 3.0%. Maintained a solid financial position, with a net indebtedness ratio of 0.3x. Click Read More below for additional information.