05:30 PM EDT, 06/04/2025 (MT Newswires) -- Transcontinental (TCL-A.TO) after trade Wednesday said its fiscal second-quarter adjusted profit and revenue rose slightly year-over-year.
Adjusted earnings, excluding most one-time items, rose to $48.2 million, or $0.58 per share, in the quarter, up from last year's $45.3 million, or $0.52 per share. The company said that the increase was mainly due to lower financial expenses, partially offset by lower adjusted operating earnings before depreciation and amortization.
Revenue edged up to $684.1 million from $683.2 millon in the year-ago quarter. The company said the increase was driven by favorable exchange rates and higher volume in Retail Services and Printing, especially book printing. This was partly offset by the sale of the industrial packaging business and lower volume in the Packaging Sector.
For fiscal 2025, the company expects the Packaging Sector to show organic growth in adjusted operating earnings before depreciation and amortization, compared to 2024. In the Retail Services and Printing Sector, it expects earnings to remain stable year over year.
The company also anticipates strong cash flow from operations, allowing it to reduce debt, invest, and return capital to shareholders.