Recent Quarterly Results

Transcontinental

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Recent Quarterly Results

Q1-2025 Quarterly Report

Q1-2025 Earnings Call Presentation

Q1-2025 Supplemental Segmented Information

Transcontinental Inc. Announces Results for the First Quarter of Fiscal Year 2025

Thomas Morin, President and Chief Executive Officer, TC Transcontinental

Montréal, March 11, 2025 - "The results for this quarter continue to demonstrate the positive impact of the implementation of our program aimed at improving our profitability and our financial position announced in December 2023," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental.

"The Packaging Sector faced weaker demand in its Latin America operations and in the medical market. However, the initiatives put in place to reduce our costs as well as growth in our cheese and dairy products packaging contributed to maintaining the sector's profitability for the quarter.

"The Retail Services and Printing Sector posted a 6.1% increase in adjusted operating earnings before depreciation and amortization for the quarter. The impact of the labour conflict at Canada Post was more than offset by the actions taken to improve our cost structure and mitigate the effects of that conflict, a more favourable product mix, including the roll-out of raddarTM, as well as an increase in book printing and specialized solutions activities."

"The significant cash flows generated and the sale of the industrial packaging operations enabled us to reduce our net indebtedness ratio to 1.53x adjusted operating earnings before depreciation and amortization," added Donald LeCavalier, Executive Vice President and Chief Financial Officer of TC Transcontinental. "This ratio, which includes the impact of share repurchases totalling $48.6 million since June 2024, stands at its lowest level since the acquisition of Coveris Americas in 2018. As a result, our solid financial position provides us the flexibility needed to return more capital to shareholders while pursuing targeted acquisitions."

Financial Highlights

Cautionary Notice

The information posted was accurate at the time of posting but may be superseded by subsequent disclosure.

The information on this website may contain certain forward-looking statements concerning the future performance of the Corporation. Such statements, based on the current expectations of management, inherently involve numerous risks and uncertainties, known and unknown. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, many of which are beyond the Corporation's control. The main risks, uncertainties and factors that could influence actual results are described in the Management's Discussion and Analysis for the quarter ended January 26, 2025 and in the latest Annual Information Form.

Notes to readers

In this website, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards (IFRS) and the term “dollar”, as well as the symbol “$” designate Canadian dollars. On this website, we also use non-IFRS financial measures. Please refer to the section entitled “Reconciliation of Non-IFRS Financial Measures” in the Management’s Discussion and Analysis (MD&A) and Note 3 “Segmented Information” accompanying the unaudited condensed interim consolidated financial statements for the quarter ended January 26, 2025 for a complete description of these measures.