2024-05-09 10:30:00 ET
Summary
- Transcontinental reported an increase in gross profit and operating profit in Q1 despite lower revenue.
- The company's adjusted EBITDA is expected to remain stable compared to last year.
- With a current share price of almost C$14, the stock is considered inexpensive and has potential for debt reduction.
Introduction
As it has been more than a year since I last checked up on Transcontinental ( TCL.A:CA ) ( TCL.B:CA ) ( OTCPK:TCLAF ), I figured it's time to have another look at this company active in the (plastic) packaging and printing industry . The company reported Q1 results (the second quarter of the year has just ended but we are likely more than a month away from Transcontinental releasing its Q2 results)....
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For further details see:
Transcontinental: A 6.5% Dividend Yield Trading At Less Than 5x EV/EBITDA