Transcontinental reports lower Q4 profit after moving to sell its packaging business
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
MONTREAL – Transcontinental Inc. reported $42.9 million in net earnings attributable to shareholders during the fourth quarter, down about 10 per cent from $47.9 million during the same period a year earlier.
On a per share basis, that amounted to 51 cents, down from 57 cents during the fourth quarter last year.
Revenue for the Montreal-based company was $732.4 million for the period ended Oct. 26, down from $749.3 million a year earlier.
Transcontinental CEO Thomas Morin says in a press release that the retail services and printing sector experienced challenges in the fourth quarter, due partly to labour disruptions at Canada Post.
On Monday, Transcontinental announced it signed an agreement to sell its packaging business to ProAmpac Holdings Inc. in a deal valued at $2.22 billion, including debt lease obligations.
The company says the sale of its packaging business is subject to closing conditions and is expected to close in the first quarter of next year.
This report by The Canadian Press was first published Dec. 10, 2025.
Companies in this story: (TSX:TCL.A, TSX:TCL.B)