05:32 PM EST, 12/11/2024 (MT Newswires) -- Transcontinental (TCL-A.TO) after close Wednesday said its fiscal fourth-quarter adjusted profit fell 6.3% on weaker revenue.

The printing and packaging company said its adjusted earnings, excluding most one-time items, fell to $47.9 million, or $0.79 per share, in the quarter ended Oct.27, down from $71.8 million, or $0.83, in the year-prior quarter.

Revenue fell 3.9% to $749.3 million from $779.7 million. The company said the drop came on lower volume in the retail services and printing sector and the packaging sector.

"Once again, we posted solid quarterly results and therefore ended the fiscal year on a strong note," said chief executive Thomas Morin. "I am very pleased with the excellent results for fiscal 2024 and would like to thank our teams for their disciplined work in reducing costs and improving profitability.

The company said it expects higher earnings for its packaging business in Fiscal 2025, with stable earnings for its retail services and printing sector.

TransContinental's class A shares closed unchanged at $17.53 on the Toronto Stock Exchange.