Transcontinental Inc. Provides Revenue Guidance for the Year 2022
December 09, 2021 at 10:23 am EST
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Transcontinental Inc. provided revenue guidance for the Year 2022. For the period, the company reported that in the Packaging Sector, as a result of investing in new production equipment, signing new contracts and introducing new products on the market, The company expects organic volume growth in fiscal year 2022, excluding the positive impact of the 53rd week on the results for fiscal year 2021. Despite the impact of the appreciation of the Canadian dollar against the U.S. dollar, which should continue to have a negative impact on the sector's profitability for the first quarter of fiscal year 2022, The company expects to post an increase in operating earnings for fiscal year 2022 compared to the prior fiscal year. In the Printing Sector, The company expects a continued recovery in printing volume. This anticipated recovery, combined with growth in company in-store marketing activities and other growth activities, gives confidence about the outlook for revenue growth for fiscal year 2022, excluding the positive impact of the 53rd week on the results for fiscal year 2021. In addition, excluding amounts related to the Canada Emergency Wage Subsidy and the impact of the 53rd week on fiscal year 2021, The company expects an increase in operating earnings for fiscal year 2022 compared to fiscal year 2021.
Transcontinental Inc. is a Canada-based packaging company. It conducts business in Canada, the United States, Latin America, and the United Kingdom. It operates in three segments: Packaging, Printing, and Media. The Packaging segment specializes in extrusion, lamination, printing, and converting packaging solutions, generates revenues from the manufacturing and recycling of flexible plastic, including roll stock, labels, die cut lids, shrink films, bags and pouches and advanced coatings. Its facilities are mainly located in the United States, Canada, Latin America, and the United Kingdom. The Printing segment provides integrated services for retailers, including premedia services, flyer printing and distribution, in-store marketing products as well as print solutions for newspapers, magazines, and mass marketing products. The Media segment offers print and digital publishing products, in French and English, including educational books and specialized publications for professionals.
TRANSCONTINENTAL INC. 
