8 June 2022
Transcontinental Sales up By 15%
MONTREAL—
Commercial printing sales up 9%, Owen Sound Printing plant .
Commercial printing sales up 9%, Owen Sound Printing plant .
 Revenue growth of 21% for the Packaging Sector and 9% for the Printing Sector. Total revenues increased by $92.2 million, or 14.8%, from $623.3 million in the second quarter of 2021 to $715.5 million in the corresponding period of 2022. This increase is mainly attributable to the impact of the contractual transfer of the rise in the price of raw materials and other increases to counter inflationary pressures, the acquisition of H.S. Crocker Company, Inc. and higher volume on the results of the Packaging Sector, as well as the impact of higher volume in their in-store marketing and book printing activities and the acquisition of BGI Retail Inc.
Canada's largest commercial   and packaging printer.
Canada's largest commercial and packaging printer.
on the results of the Printing Sector. The decrease in operating earnings before depreciation and amortization and adjusted operating earnings before depreciation and amortization is mainly due to the end of the Canada Emergency Wage Subsidy which Transcontinental received in the previous year, lags in passing through cost increases related to the inflationary environment to customers in the Printing Sector and additional costs related to the start-up period for new contracts in our in-store marketing activities. These items were partially offset by higher volume in the two main sectors, the decrease in the stock-based compensation expense related to the share price, acquisitions, as well as the contractual transfer of the rise in the price of raw materials and other increases to counter inflationary pressures in the Packaging Sector.
 
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