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Company reports revenues of $705.8 million and operating earnings of $40.8 million.
March 3, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
Transcontinental Inc. announced its results for the first quarter of fiscal 2020, which ended Jan. 26, 2020. Revenues decreased by $45.8 million, or 6.1%, from $751.6 million in the first quarter of 2019 to $705.8 million in the corresponding period of 2020. This decrease is partially due to a decline in Transcontinental’s recently sold paper packaging operations. Excluding the paper packaging operations, the organic decline would have been $8 million, or 2%. This decline is mainly due to the d...
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