Business
Transcontinental Generates organic revenue and profit growth for the 6th consecutive quarter
Highlights July 13, 2011, Transcontinental announced an agreement to indirectly acq...
About this update from Transcontinental Inc. Class A
[{"type":"text","content":"\n\n\n\n\n\nHighlights \n\n\n(in millions of dollars, except per share data)\n\n\nQ3-2011\n\n\nQ3-2010\n\n\n%\n\n\nRevenues\n\n\n$492.6\n\n\n$481.3\n\n\n2%\n\n\nAdjusted operating income\n\n\n57.2\n\n\n57.4\n\n\n-%\n\n\nAdjusted net income applicable to participating shares\n\n\n32.8\n\n\n33.4\n\n\n(2%)\n\n\nPer share\n\n\n0.40\n\n\n0.41\n\n\n(2%)\n\n\nNet income applicable to participating shares\n\n\n10.6\n\n\n28.9\n\n\n(63%)\n\n\nPer share\n\n\n0.13\n\n\n0.36\n\n\n(64%)\n\n\nJuly 13, 2011, Transcontinental announced an agreement to indirectly\n acquire all of the shares of Quad Graphics Canada Inc. This transaction\n is currently being reviewed by the Competition Bureau of Canada\n\n\nThe Mexican Federal Competition Commission approved the sale of\n Transcontinental's Mexican operations to Quad/Graphics\n\n\nAcquired the publishing assets of Groupe Le Canada Français and the\n majority of the assets of Avantage Consommateurs de l'Est du Québec\n inc.\n\n\nAnnounced the consolidation of production activities of two commercial\n printing plants in Montreal, Transcontinental Litho Acme and\n Transcontinental Direct Montreal\n\n\nRanked by Corporate Knights as one of the Best 50 Corporate Citizens in\n 2011 and included in the Maclean's/Jantzi-Sustainalytics ranking of the\n 50 most socially responsible corporations in Canada\n\n\nMONTREAL, Sept. 7, 2011 /CNW Telbec/ - Transcontinental's revenues\n increased 2% in the third quarter of 2011, from $481.3 million to\n $492.6 million. This increase was primarily due to a number of new\n contracts, most notably from the expanded relationship with The Globe and Mail. Excluding acquisitions, divestitures and closures, the impact of the\n exchange rates and the paper component variance, organic revenue growth\n was 2%, driven primarily by the Printing sector.\n\n\nAdjusted operating income was flat at $57.2 million, while the adjusted\n operating income margin slightly decreased from 11.9% to 11.6%. The\n contribution from new contracts coupled with the synergies associated\n with the use of our most productive assets and continued efficiency\n improvement initiatives in the Printing sector was compensated by more\n difficult market conditions in the Media sector, more specifically\n related to the educational book publishing division, continued\n strategic investments in the I...