Transcontinental RBW Owen Sound plant , print volume is down but profits up

Revenues increased by $31.7 million, or 4.4%, from $715.5 million in the second quarter of 2022 to $747.2 million in the corresponding period of 2023. This increase is mostly attributable to the favourable exchange rate and the acquisitions of Éditions du renouveau pédagogique Inc., Banaplast S.A.S. and Scolab Inc. Operating earnings increased by $2.4 million, or 2.3%, from $102.8 million in the second quarter of 2022 to $105.2 million in the second quarter of 2023.

Canada's largest printer and one of North America's largest packaging printer

Adjusted operating earnings increased by $5.4 million, or 5.2%, from $103.6 million in the second quarter of 2022 to $109.0 million in the second quarter of 2023. These increases are mainly due to the positive impact of the increase in prices to mitigate the impact of inflation, cost reduction initiatives and the favourable exchange rate effect, partially offset by lower volume. Finally, the increase in restructuring and other costs had a negative effect on operating earnings.