2023-06-08 01:32:53 ET
- Transcontinental press release ( OTCPK:TCLAF ): Q2 Non-GAAP EPS of C$0.45.
- Revenue of C$747.2M (+4.4% Y/Y).
- Adjusted operating earnings before depreciation and amortization increased 5.2%, from C$103.6 million in the second quarter of 2022 to C$109.0 million in the second quarter of 2023.
- Outlook: "In the Packaging Sector, in terms of profitability, despite the pressures on volume, we expect an increase in adjusted operating earnings before depreciation and amortization for fiscal year 2023 compared to fiscal year 2022.
- In the Printing Sector, we expect volume growth in our book printing and in-store marketing activities. The anticipated volume reduction, combined with the effect of inflationary pressures, should result in lower adjusted operating earnings before depreciation and amortization for fiscal year 2023 compared to fiscal year 2022. We expect this decrease to be partially offset by the implementation of the cost reduction initiatives announced in March 2023.
- Finally, we expect to continue generating significant cash flows from operating activities, which will enable us to continue our strategic investments while maintaining our dividend and reducing our net indebtedness."
For further details see:
Transcontinental Non-GAAP EPS of C$0.45, revenue of C$747.2M