Earnings call Presentation (Q4-2022)
Q4-2022 Supplemental Segmented Information
Transcontinental Inc. Announces Results for the Fourth Quarter and Fiscal Year 2022
Montréal, December 13, 2022 - "Excluding the impact of the 53rd week and the Canada Emergency Wage Subsidy on prior year's results, we posted solid growth in net earnings in the fourth quarter," said Peter Brues, President and Chief Executive Officer of TC Transcontinental. "In a challenging environment, our coworkers remained focused on making our clients successful and improving our performance.
"Building on the momentum of the previous quarters, our Packaging Sector recorded over 10% growth in adjusted operating earnings before depreciation and amortization on a comparable basis. With our investments in equipment and innovation, we are committed to continuing our profitable growth.
"In our Printing Sector, we are pleased to see continued growth in our in-store marketing, book printing, and premedia activities. However, inflationary pressures and their impact on our volume and cost structure had a negative effect on our results.
"In fiscal 2023, we will remain focused on improving profitability and cash flows from operating activities. Our solid financial position, with no major debt maturities until 2025, gives us the flexibility to pursue our disciplined approach to profitable growth."
Financial Highlights
