13 June 2023
Transcontinental Revenue and Profits Up.
MONTREAL—
Transcontinental RBW Owen Sound plant , print volume is down but profits up
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
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.
 
Comments:
LATEST USED EQUIPMENT | RSS
Total Used Equipment Listings: 20
CLICK HERE to list your equipment
CLASSIFIED | RSS
Company wanted
CLICK HERE to list your business opportunity in the printing industry
Most Recent News Comment
Allen Gerow says:
Wish I could go this year. Some of my best experiences ever. Learned so much at these conferences an...
North Island Publishing PrintCAN Print Jobs Canada’s Estimators' & Buyers' Guide MastheadOnline PaperFinder Print World 2010 Design City
Graphic Monthly Print Equipment gutenbergs' guide COPA industrial print