Business
Transcontinental Inc. generates organic revenue and profit growth in 2011 and is well positioned for the future
Highlights Notes 1, 2 and 3: please refer to the table "Reconciliation of Non-GAAP fin...
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\n2011\n\n\n2010\n\n\n%\n\n\nQ4- 2011\n\n\nQ4- 2010\n\n\n%\n\n\nRevenues\n\n\n$2,043.6\n\n\n$2,028.3\n\n\n1%\n\n\n$537.5\n\n\n$556.4\n\n\n(3%)\n\n\nAdjusted operating income (1)\n\n\n252.7\n\n\n249.9\n\n\n1%\n\n\n86.3\n\n\n88.9\n\n\n(3%)\n\n\nAdjusted net income applicable to participating shares (2)   \n\n\n161.7\n\n\n155.9\n\n\n4%\n\n\n60.2\n\n\n62.7\n\n\n(4%)\n\n\nPer share\n\n\n2.00\n\n\n1.93\n\n\n4%\n\n\n0.74\n\n\n0.78\n\n\n(5%)\n\n\nNet income applicable to participating shares\n\n\n77.8\n\n\n166.6\n\n\n(53%)\n\n\n8.0\n\n\n44.5\n\n\n(82%)\n\n\nPer share\n\n\n0.96\n\n\n2.06\n\n\n(53%)\n\n\n0.10\n\n\n0.55\n\n\n(82%)\n\n\nNotes 1, 2 and 3: please refer to the table \"Reconciliation of Non-GAAP\n financial measures\" in this press release.\n\n\nAdjusted net income applicable to participating shares increased 4%,\n from $155.9 million to $161.7 million.\n\n\nThe decrease in net income applicable to participating shares is\n primarily due to two non-cash and non-operational items.\n\n\nImproved on our already strong investment grade financial position by\n further reducing our debt and optimizing our debt portfolio. As at\n October 31, 2011, our adjusted net indebtedness ratio(3) was 1.4x as compared to 1.9x for the same time last year.\n\n\nIncreased our dividends on participating shares twice in fiscal 2011. It\n now stands at $0.54 per share on an annual basis.\n\n\nDeveloped our new digital and interactive business by acquiring Vortxt\n Interactive and launching an online auction site, BidGo.ca and a group buying site, Themegacatch.com. Reached close to $200 million in digital and interactive revenues in\n 2011.\n\n\nAnnounced the acquisition of Quad/Graphics Canada, Inc. which is subject\n to the approval of the Competition Bureau. This transaction is expected\n to generate net incremental EBITDA of at least $40 million over the 12\n to 24 months following the closing.\n\n\nStarted printing our new 18 year contract with The Globe and Mail on our new hybrid presses.\n\n\nMONTREAL, Dec. 8, 2011 /CNW Telbec/ - Transcontinental Inc. (TSX: TCL.A\n TCL.B TCL.PR.D) increased its revenues by 1%, from $2,028.3 million to\n $2,043.6 million, driven primarily by the Printing sector as a result\n of numerous new contracts, most notably from t...