4 October 2023
Transcontinental Sales and Profits Down, Investment Up
MONTREAL—
Canada's largest printer by far.
Canada's largest printer by far.
 Lower volume in the Packaging and Printing Sectors, partially offset by the positive impact of actions implemented to adjust their cost structure.Revenues of $706.7 million for the quarter ended July 30, 2023; operating earnings of $39.2 million. Revenues decreased by $41.1 million, or 5.5%,
Transcontinental Owen Sound one of 13 plants in Canada and some 3,500 employees.
Transcontinental Owen Sound one of 13 plants in Canada and some 3,500 employees.
from $747.8 million in the third quarter of 2022 to $706.7 million in the corresponding period of 2023. This decrease is mainly due to the organic decline largely related to lower volume, partially offset by the favourable exchange rate effect mainly in the Packaging Sector, and the acquisitions of Éditions du renouveau pédagogique Inc. and Banaplast S.A.S.On August 22, 2023, announced a major investment to accelerate the commercialization of innovative recyclable flexible packaging.
 
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Rick says:
Is this good or bad for all NON-Epson printers?...
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