19 June 2024
Transcontinental Sales and Profits Down
MONTREAL, QUEBEC,—
Publisac, a plastic bag stuffed with flyers, coupons helped build the Company but has been discontinued
Publisac,  with flyers, coupons helped build the Company but has been discontinued
 Transcontinental, Canada's largest Commercial and packager printer says revenues were $683.2 million, down from $747.2 million during the same quarter last year.The company says its net earnings  were $15.9 million, down from $22.2 million a year earlier.President and CEO Thomas Morin says this past quarter, the company pursued cost reduction initiatives "with determination."
He says Transcontinental is also seeing the results of efforts to improve
Canada's largest printer and North America's fourth largest flexible package printer
Canada's largest printer and North America's fourth largest flexible package printer
its product mix toward higher-value products. Last February, the company announced it was closing its printing press in Saint-Hyacinthe, Que., one of a few recent closures across its network as it struggles with demand for packaging and printing. Transcontinental Printing has a network of 13 plants in Canada and some 3,500 employees. The sector offers a wide range of printing for flyers, in-store marketing products, newspapers, magazines and colour books.
 
Comments:
1. Allen says:
19 June 2024 at 11:48 PM
Sad to see my former company struggle like this. I am in the packaging sector so I don't understand how they are struggling there. We are busier than ever. Have more work than we can do in house. One of the big issues they have is loosing all the best/experienced people when they close plants. No long term thinking, they just axe everyone no matter the contribution they have and could still make.
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Mike Vavra says:
Maybe check in with Nova Scotia, they will never make top anything here....
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