Editor & Publisher - Transcontinental Inc. Second Quarter: Revenues Increase 6% and Renews Multi-Year Agreements Valued at Over $1.5 Billion in Revenues

Transcontinental Inc. Second Quarter: Revenues Increase 6% and Renews Multi-Year Agreements Valued at Over $1.5 Billion in Revenues

Posted: 6/12/2012 | By: World of Print

Transcontinental Inc. increased its revenues by 6% in the second quarter, from $498.7 million to $529.4 million, driven primarily by the acquisition of Quad/Graphics Canada, Inc. as well as numerous acquisitions and launches of community newspapers in Quebec, and new contracts such as Canadian Tire. This growth was mitigated primarily by the sale of its black and white book printing business, destined for U.S. exports, to Quad/Graphics last September and by lower volume from the non-recurring revenue from the printing contract for the Canadian Census last year. Excluding acquisitions, divestitures and closures, the impact of the exchange rate and the paper component variance, organic revenue growth was essentially flat.