Industry News, Printers News

Transcontinental Inc. Completes Two Acquisitions, Increases Profitability in 2Q 2014

Revenues decreased 3.8 percent, primarily due to the soft advertising market.

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By: Bridget Klebaur

Director of Performance + Engagement / Chief Performance Officer, Office of the Commissioner, NYC Department of Design and Construction

Transcontinental Inc.’s revenues decreased by 3.8% in the second quarter, from $517.8 million to $498.2 million, primarily due to the soft advertising market, which continues to influence our marketing products printing as well as our newspaper and magazine publishing operations. This decrease was partially offset by the sustained performance of the company’s flyer printing operations and by new contracts in both operating sectors. Adjusted operating earnings rose from $54.2 million to $58.5 mi...

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