Mills Farm Magazine Kids Edition was launched due in part to an anonymous donation to fund the magazines print production. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Higher revenues were noteworthy in the Sectors growth activities, namely in-store marketing, book printing and premedia. These items were partially offset by higher volume in the two main sectors, the decrease in the stock-based compensation expense related to the share price, acquisitions, as well as the contractual transfer of the rise in the price of raw materials and other increases to counter inflationary pressures in the Packaging Sector. Net earnings attributable to shareholders of the Corporation decreased by $9.3 million, from $27.7 million in the first quarter of 2021 to $18.4million in the first quarter of 2022. Respect, teamwork, performance and innovation are the strong values held by the Corporation and its employees. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. A valuation method that multiplies the price of a company's stock by the total number of outstanding shares. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. TCTranscontinental's commitment to its stakeholders is to pursue its business activities in a responsible manner. Real-time analyst ratings, insider transactions, earnings data, and more. In this document, unless otherwise indicated, all financial data are prepared in accordance with International Financial Reporting Standards(IFRS) and the term "dollar", as well as the symbol "$" designate Canadian dollars. The decline in operating earnings before depreciation and amortization was partially offset by the decrease in restructuring and other costs. "Despite a challenging quarter, our financial performance will improve with the actions we have taken, and with the lessening impact of COVID-19. Focused on supporting customer growth, we continued to prioritize the security of supply and invest to grow our sustainable packaging portfolio. Reconciliation of Non-IFRS Financial Measures. Operating earnings before depreciation and amortization decreased by $12.6 million, or 12.2%, from $103.3million in the first quarter of 2021 to $90.7 million in the first quarter of 2022. Fiscal Q2 2022 ended 5/1/22. Income taxes before income taxes on restructuring and other costs (revenues), impairment of assets, amortization of intangible assets arising from business combinations as well as the adjustment on additional income taxes in other jurisdictions resulting from a prior year and the tax impact of an internal reorganization. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the second quarter of fiscal 2022, which ended May 1, 2022. Earnings before interest, taxes, depreciation, and amortization, is a measure of a company's overall financial performance and is used as an alternative to net income in some circumstances, The percent of their income that a corporation pays in taxes, Investments that are relatively liquid and have maturities between 3 months and one year, The total amount of assets owned by a company, The value of subtracting the total liabilities from the total assets of a company, Total number of common shares outstanding as of the latest date disclosed in a financial filing, A ratio used to determine if a companys market value is in line with the value of its assets less liabilities and preferred stock, A financial ratio that shows a companys profitability compared to its assets, Companys return above the average cost it pays for its debt and equity capital, Net cash used or generated for core business activities, Net cash used or generated in investing activities such as purchasing assets, Net cash used or generated in financing activities such as dividend payments and loans, The amount by which a company's cash balance increases or decreases in an accounting period, Amount of cash a business has after it has met its financial obligations such as debt and outstanding payments, Ownership of a fraction of a corporation and the right to claim a share of the corporation's assets and profits equal to the amount of stock owned, Headquartered in Montreal, Quebec, Canada, The range between the high and low prices over the past day, The range between the high and low prices over the past 52 weeks. Looking for new stock ideas? Get a glimpse into a one-of-a-kind system built by a 50-year Wall Street veteran. Transcontinental Inc. (TSX: TCL.A TCL.B), known as TC Transcontinental, has approximately 8,000 employees, the majority of which are based in Canada, the United States and Latin America. The chart below shows up to four years of a company's earnings history. Reported on 6/7/22. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter. Transcontinental has generated C$0.00 earnings per share over the last year. reagan gorbachev president ronald soviet war cold states united mikhail geneva secretary 1985 meeting general left This decline is mainly due to lower operating earnings, partially offset by the decrease in income taxes and financial expenses. The Corporation cautions against undue reliance on such statements since actual results or events may differ materially from the expectations expressed or implied in them. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. The total amount of income generated by the sale of goods or services related to the company's primary operations, Represents the total incurred expenses through normal operations, Companys earnings for a period net of operating costs, taxes, and interest. "In our Packaging Sector, our financial performance was negatively affected by operational inefficiencies caused by Omicron, and by delays in passing through cost increases to our customers. The team continues to take action to improve our performance, the benefits of which will continue to be felt in the second half of our fiscal year.. In addition, excluding amounts related to the Canada Emergency Wage Subsidy and the impact of the 53rd week on the results for fiscal year 2021, we expect an increase in adjusted operating earnings before depreciation and amortization for fiscal year 2022 compared to fiscal year 2021. After choosing Allen Press as its printing partner, local Sales Executive, Kathy Lafferty, organized a pressroom tour for Ava, Rider, and her parents, Theresa and Wes Middleton, to see how the magazine was printed and to learn more about magazine publishing and production. Learn more on analysts' earnings estimate vs. TCL's actual earnings. Adjusted operating earnings before depreciation and amortization decreased by $5.8 million, or 5.3%, from $109.4 million in the second quarter of 2021 to $103.6 million in the second quarter of 2022. Note: The above results include $9.0 million in Canada Emergency Wage Subsidy for the first quarter of 2021. Twitter Copyright 2019 FactSet Research Systems Inc. All rights reserved. Highlights*Revenue growth of 21% for the Packaging Sector and 9% for the Printing Sector. (3) Depreciation and amortization and Adjusted operating earnings before depreciation and amortization have been restated to conform to the presentation adopted in the current period. These cash flows are expected to enable us to reduce our net indebtedness, while providing us with the flexibility needed to pursue our investments focused on organic growth as well as strategic and targeted acquisitions. Represents the company's profit divided by the outstanding shares of its common stock. Transcontinental last posted its earnings results on June 8th, 2022. A big dollar battle could soon unfold between Tesla & this stock. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. Volume growth and significant work to offset cost increases due to inflation drove the improvement in the sectors adjusted operating earnings before depreciation and amortization. The forward-looking statements in this press release are made pursuant to the safe harbour provisions of applicable Canadian securities legislation. (1) Intangible assets arising from business combinations include our customer relationships, trademarks and non-compete agreements. In our Packaging Sector, we recorded significant volume growth during the quarter. In the Packaging Sector, as a result of signing new contracts, introducing new products to the market and investing in new production equipment, we expect organic volume growth in fiscal year 2022 compared to fiscal 2021, excluding the impact of the 53rd week on the results for fiscal year 2021. Initiated by a strategic discovery process, the formation of this solution includes an alignment of the following services: *Creative and content development fueled by Alchemy by RRD, a one-stop global creative studio *Full-service digital marketing support led by RRDs platform-agnostic expertise and long-standing email service provider partnerships *Commercial print and direct mail resources to effectively test and execute highly targeted, event-triggered campaigns, https://tctranscontinental.com/en-us/company-overview/news-room/press-releases/transcontinental-inc-announces-results-for-the-second, Dreaming Big: Young entrepreneur sets out to conquer the publishing world, Sign of the Times? To see all exchange delays and terms of use please see disclaimer. All rights reserved. Data may be intentionally delayed pursuant to supplier requirements. Adjustments to reconcile net earnings and cash flows from operating activities: Financial expenses on long-term debt and lease liabilities, Net foreign exchange differences and other, Cash flows generated by operating activities before changes in non-cash operating, Business combinations, net of acquired cash, Acquisitions of property, plant and equipment, Disposals of property, plant and equipment, Financial expenses paid on long-term debt and credit facilities, Repayment of principal on lease liabilities, Effect of exchange rate changes on cash denominated in foreign currencies, Net change in capital asset acquisitions financed by accounts payable. Adjusted operating earnings margin before depreciation and amortization. Through the strength of our development of sustainable packaging, strong customer relationships, ability to generate solid cash flow and strong financial position, we are well placed to take advantage of growth opportunities and achieve our full potential.". Just $99 for a limited time (normally $199), Unlock Wall Streets Secret Logic with This NEW system. To support this audience-driven expectation, RRD has mobilized to offer a specialized set of solutions designed to perform as an extension of marketing and business support teams. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.32 in the first quarter of 2021 to $0.21 for the same period in 2022. "Our Printing Sector produced strong organic growth in revenues and solid profitability, despite the challenges of the pandemic. Learn more on TCL's earnings history. In-depth profiles and analysis for 20,000 public companies. This increase is mainly attributable to the impact of the rise in the price of resin and the acquisition of H.S. Amortization of intangible assets arising from business combinations. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Donnelley & Sons Company announced the launch of an omnichannel offering designed to meet the nonprofit industrys need for elevated communications agility that maximizes the value of each touchpoint along the donor-member journey. In another example of private equity firms targeting investments in distressed companies in the printing industry, Menomonee Falls, Wis.-based catalog printing specialist Arandell has reached a potential asset purchase agreement with Saothair Capital Partners, which is located outside of Philadelphia in Radnor, Pa. On Aug. 13, Arandell Holdings announced that the commercial printing company, along with all its subsidiaries, voluntarily filed for business reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. We believe that many of our readers analyze the financial performance of the Corporations activities based on these non-IFRS financial measures as such measures may allow for easier comparisons between periods. The Corporation is also the leading Canadian French-language educational publishing group. They do not substitute and are not superior to them. StockTwits International stock quotes are delayed as per exchange requirements. Net earnings attributable to shareholders of the Corporation decreased by $7.3 million, from $35.6 million in the second quarter of 2021 to $28.3 million in the second quarter of 2022. View our full suite of financial calendars and market data tables, all for free. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. These factors include, but are not limited to, the economic situation in the world, structural changes in the industries in which the Corporation operates, the impact of digital product development and adoption on the demand for retailer-related services and other printed products, the Corporation's ability to generate organic growth in highly competitive industries, the Corporation's ability to complete acquisitions and properly integrate them, the inability to maintain or improve operational efficiency and avoid disruptions that could affect its ability to meet deadlines, cybersecurity and data protection, the political and social environment as well as regulatory and legislative changes, in particular with regard to the environment and door-to-door distribution, changes in consumption habits related, in particular, to issues involving sustainable development and the use of certain products or services such as door-to-door distribution, change in consumption habits or loss of a major customer, customer consolidation, the safety and quality of its packaging products used in the food industry, the protection of its intellectual property rights, the exchange rate, availability of capital at a reasonable cost, bad debts from certain customers, import and export controls, raw materials, transportation and consumed energy costs, availability of raw materials, recruiting and retaining qualified personnel, taxation, interest rates and the impact of the COVID-19 pandemic on its operations, facilities and financial results, changes in consumption habits from consumers and changes in the operations and financial position of the Corporation's customers due to the COVID-19 pandemic and the effectiveness of plans and measures implemented in response thereto. Transcontinental Inc., operating as TC Transcontinental, is a Montreal-based packaging, commercial printing and specialty media company. MONTRAL, March 08, 2022 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the first quarter of fiscal 2022, which ended January 30, 2022. $15.68. Crocker Company, Inc. and higher volume on the results of the Packaging Sector, as well as the impact of higher volume in our in-store marketing and book printing activities and the acquisition of BGI Retail Inc. on the results of the Printing Sector. Total of long-term debt, of current portion of long-term debt, of lease liabilities and of current portion of lease liabilities, less cash. (2) Please refer to the section entitled "Reconciliation of Non-IFRS Financial Measures" in this press release for adjusted data presented above. Revenues increased by $92.2 million, or 14.8%, from $623.3 million in the second quarter of 2021 to $715.5 million in the corresponding period of 2022. 30 Days of MarketBeat All Access for $1.00, Sign in to your free account to enjoy these benefits. By creating a free account, you agree to our, Earnings Estimates and Acutals by Quarter Chart Description, Estimated Revenue and Actual Revenue by Quarter Chart Description, Trading Millionaire Reveals, 2008 Was My Most Profitable Year, Stay One Step Ahead of Inflation and Market Volatility, Sick of seeing others get rich in the stock market? Operating earnings before restructuring and other costs (revenues), amortization of intangible assets arising from business combinations and impairment of assets. The main risks, uncertainties and factors that could influence actual results are described in the Management's Discussion and Analysis for the year ended October 31, 2021 and in the latest Annual Information Form. Operating earnings before depreciation and amortization decreased by $6.1 million, or 5.6%, from $108.9 million in the second quarter of 2021 to $102.8 million in the second quarter of 2022. The Corporation also believes that these measures are useful indicators of the performance of its operations and its ability to meet its financial obligations. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. Tax on amortization of intangible assets arising from business combinations, Weighted average number of shares outstanding, Adjusted operating earnings before depreciation and amortization (last 12 months), (in millions of Canadian dollars, unless otherwise indicated and per share data), Net earnings per share - basic and diluted, Weighted average number of shares outstanding - basic and diluted (in millions), Net change in the fair value of designated derivatives - foreign exchange risk, Net change in the fair value of designated derivatives - interest rate risk, Reclassification of the net change in the fair value of designated derivatives recognized in net earnings during the period, Net unrealized exchange gains (losses) on the translation of the financial statements of foreign operations, Net gains (losses) on hedge of the net investment in foreign operations, Prepaid expenses and other current assets, Attributable to the shareholders of the Corporation. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Why Did State Street's Stock Rally Despite Weaker Earnings? Export data to Excel for your own analysis. 7 Stocks with the Pricing Power to Push Through High Inflation, 10 Recession-Proof Stocks That Will Let You Wait Out the Bear, 7 Dividend Aristocrats to Help You Take the Bite Out of the Bear, 7 Dividend Stocks That Earn 10% Every Month, 7 Commodities ETFs to Help Build a Hedge Against Inflation, 7 Stagflation Stocks to Help Navigate Periods of Low Growth, 7 Dividend Stocks to Buy When Safety is Your Top Priority, 7 Agricultural Technology Stocks to Buy as Commodity Prices Remain Volatile, 7 NFT Related Stocks That Are Helping to Drive This Trend, 7 Outdoor Living Stocks to Buy Before Investors Go Away For the Summer, 7 Consumer Discretionary Stocks That May Defy Expectations, Skip Charts & View Estimated and Actual Earnings Data. Our daily ratings and market update email newsletter. We are starting to see the benefit of the actions we have taken, and I am encouraged by their impact on our second quarter results. Transcontinental is publicly-traded on the Toronto Stock Exchange, and has over 9,000 employeesthe majority of which are based in Canada, the United States and Latin America. The dial-in numbers are 1 438 793-6811 or 1 888 440-2149. In the previous quarter, Transcontinental (TSE:TCL) missed the analysts' consensus estimate of C$0.51 by C$0.03 with a reported earnings per share (EPS) of C$0.48. Learn about financial terms, types of investments, trading strategies and more. For media requests or interviews, please contact Nathalie St-Jean, Senior Advisor, Corporate Communications of TCTranscontinental, at 514954-3581. The dark blue line represents the company's actual earnings per share. "The spread of the Omicron variant caused significant operational disruptions that hampered our ability to efficiently manage our business and, combined with inflationary pressures, had an adverse impact on our profitability. Transcontinental Inc. (1) Please refer to the section entitled "Non-IFRS Financial Measures" in this press release for a definition of these measures. The financial information has been prepared in accordance with IFRS. | Source: See what's happening in the market right now with MarketBeat's real-time news feed. Yet, Why Hershey's May Deliver a Sweet Surprise This Earnings Season. The Media Sector contributed another solid quarter with higher revenues and profitability. Transcontinental Inc. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Learn more on analysts' earnings estimate vs. TCL's actual earnings. Despite the strong demand for our products and services, our revenue growth was limited by reduced labour availability, leading to a significant increase in backlog. On a per share basis, net earnings attributable to shareholders of the Corporation went from $0.41 to $0.33, respectively.details at: https://tctranscontinental.com/en-us/company-overview/news-room/press-releases/transcontinental-inc-announces-results-for-the-second. (1) Operating earnings before depreciation and amortization and Adjusted operating earnings before depreciation and amortization have been restated to conform to the presentation adopted in the current period. *Adjusted operating earnings before depreciation and amortization(1) of $103.6 million for the quarter ended May 1, 2022; adjusted operating earnings(1) of $64.1 million; and adjusted net earnings attributable to shareholders of the Corporation(1) of $41.7 million ($0.48 per share). The average number of shares traded each day over the past 30 days, The ratio of current share price to trailing twelve month EPS that signals if the price is high or low compared to other stocks, The ratio of annual dividend to current share price that estimates the dividend return of a stock, A score provided by CDP (formerly the Carbon Disclosure Project) that rates a company on its climate transparency and performance. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. A big dollar battle could soon unfold between Tesla & this stock.document.write(''); Enter your email address below to receive the latest news and earnings results for TCL and its competitors with MarketBeat's FREE daily newsletter.