Last $12.57 USD
Change Today 0.00 / 0.00%
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TCLCF On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Toronto
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As of 4:30 PM 08/8/14 All times are local (Market data is delayed by at least 15 minutes).

transcontinental inc-cl b (TCLCF) Snapshot

Open
--
Previous Close
$12.57
Day High
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Day Low
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52 Week High
07/29/14 - $13.50
52 Week Low
01/9/14 - $12.54
Market Cap
1.1B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
14.8M
EX-Date
12/30/14
P/E TM
--
Dividend
$0.64
Dividend Yield
4.57%
Current Stock Chart for TRANSCONTINENTAL INC-CL B (TCLCF)

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transcontinental inc-cl b (TCLCF) Details

Transcontinental Inc. is engaged in the print and digital media businesses primarily in Canada and the United States. The company operates through Printing Sector and Media Sector segments. The Printing Sector segment prints retail flyers, magazines, newspapers, color books, and personalized and mass marketing products. The Media Sector segment publishes magazines, newspapers, and books; and operates a digital platform and a door-to-door network for distributing advertising material that enables advertisers to reach consumers directly. This segment also offers mass and personalized interactive marketing services and products that use new communication platforms supported by marketing strategy and planning services, database analytics, premedia, e-flyers, email marketing, custom communications, and mobile solutions. The company also manufactures a range of flexible packaging products in the United States; and provides interactive and mobile applications. Transcontinental Inc. was founded in 1976 and is headquartered in Montreal, Canada.

8,500 Employees
Last Reported Date: 12/9/14
Founded in 1976

transcontinental inc-cl b (TCLCF) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$901.5K
Chief Financial and Development Officer
Total Annual Compensation: C$416.1K
President of TC Transcontinental Printing
Total Annual Compensation: C$450.5K
President of TC Media
Total Annual Compensation: C$340.0K
Chief Legal Officer and Secretary
Total Annual Compensation: C$359.0K
Compensation as of Fiscal Year 2013.

transcontinental inc-cl b (TCLCF) Key Developments

Transcontinental Inc. Declares Quarterly Dividend for the Fourth Quarter of 2014, Payable on January 22, 2015; Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended October 31, 2014; Reports Impairment of Assets for the Fourth Quarter of 2014

The Board of Directors of Transcontinental Inc. declared a quarterly dividend of CAD 0.16 per share on Class A Subordinate Voting shares and Class B shares for the fourth quarter of 2014. This dividend is payable on January 22, 2015 to shareholders of record at the close of business on January 2, 2015. The company reported consolidated earnings results for the fourth quarter and year ended October 31, 2014. For the quarter, the company posted net earnings applicable to participating shares of CAD 9.0 million or CAD 0.12 per share against net loss applicable to participating shares of CAD 94.5 million or CAD 1.21 per share a year ago. Revenues were CAD 571.9 million against CAD 562.6 million a year ago. Adjusted EBITDA was CAD 124.3 million against CAD 110.0 million a year ago. Adjusted EBIT was CAD 97.1 million against CAD 83.4 million a year ago. Adjusted net earnings applicable to participating shares was CAD 67.4 million or CAD 0.87 per share against CAD 55.9 million or CAD 0.71 per share a year ago. The increase in revenues is mainly due to the contribution from the acquisitions of Capri Packaging and the Quebec weekly newspapers owned by Sun Media Corporation, as well as new printing and distribution agreements. The improvement in net earnings applicable to participating shares is mainly due to a decrease in the asset impairment charge and an increase in adjusted operating earnings, partially offset by higher restructuring costs. Adjusted operating earnings before amortization were CAD 124.3 million against CAD 110.0 million a year ago. For the year, the company has posted operating earnings of CAD 169.8 million against CAD 35.6 million a year ago. Operating earnings before amortization was CAD 272.8 million against CAD 140.6 million a year ago. Revenues were CAD 2,069.4 million against CAD 2,096.7 million a year ago. Net earnings attributable to participating shares was CAD 105.1 million or CAD 1.34 per diluted participating share against net loss attributable to participating shares of CAD 23.4 million or CAD 0.30 per basic and diluted participating share a year ago. Adjusted EBITDA was CAD 360.4 million against CAD 338.6 million a year ago. Adjusted EBIT was CAD 257.4 million against CAD 233.6 million a year ago. Adjusted net earnings applicable to participating shares was CAD 168.2 million or CAD 2.16 per share against CAD 148.3 million or CAD 1.90 per share a year ago. Cash flows from operations were CAD 334.8 million against CAD 415.9 million a year ago. Acquisitions of property, plant and equipment was CAD 35.3 million against CAD 47.0 million a year ago. The decrease in revenues is mainly due to lower advertising revenues in both sectors, particularly in the company’s newspaper and marketing-products printing activities and the company’s consumer magazine publishing activities, and to the sale of Rastar's assets. The decline was partially offset by the contribution from new distribution, newspaper-printing and magazine-printing agreements, and from acquisitions. Adjusted operating earnings were up 10.2%, due to cost-reduction initiatives in the company’s two sectors, the positive impact of the share-price variance on the stock-based compensation expense and the net contribution from acquisitions and disposals. This increase was, however, mitigated by lower revenues, as noted above. The improvement in net earnings applicable to participating shares stems mainly from a lower asset impairment charge in 2014 and an increase in the company’s adjusted operating earnings, partially offset by higher restructuring and other costs. Earnings before share of net earnings in interests in joint ventures and income taxes were CAD 150.3 million against CAD 7.1 million a year ago. Net earnings attributable to shareholders of the corporation were CAD 111.9 million against net loss attributable to shareholders of the corporation of CAD 16.2 million a year ago. Increase in intangible assets was CAD 26.3 million against CAD 26.8 million a year ago. Net indebtedness was CAD 441.6 million as at October 31, 2014 against CAD 320.8 million as at October 31, 2013. For the fourth quarter of 2014, the company reported impairment of assets of CAD 45.5 million against CAD 165.3 million a year ago.

Transcontinental Inc. to Close its Transcontinental Concord Printing Plant

Transcontinental Inc. announced that it will be closing its Transcontinental Concord printing plant at 89 Connie Crescent in Concord, Ontario, and its Transcontinental Edmonton printing plant at 18,130, 114th Avenue in Edmonton, Alberta, at the end of December 2014. Unfortunately, this reorganization will result in a total of 120 layoffs.

Transcontinental Inc. Declares Quarterly Dividend on Common and Preferred Shares, Payable on October 24, 2014 and October 15, 2014 Respectively; Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended July 31, 2014; Reports Impairment of Assets for the Third Quarter of 2014

Transcontinental Inc. declared a quarterly dividend of CAD 0.16 per share on Class A Subordinate Voting Shares and Class B Shares. This dividend is payable on October 24, 2014 to shareholders of record at the close of business on October 6, 2014. Dividend on Preferred shares The Corporation's Board of Directors declared a quarterly dividend of CAD 0.4253 per share on Cumulative 5-Year Rate Reset First Preferred Shares, Series D. This dividend is payable on October 15, 2014. The company also reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2014. For the third quarter, the company’s revenues were CAD 500.0 million compared to CAD 490.7 million a year ago. Revenues increased 1.9%, primarily due to the contribution from acquisitions and new printing and distribution agreements, partially offset by the soft advertising market. Adjusted EBITDA was CAD 84.7 million compared to CAD 78.8 million a year ago. Adjusted EBIT was CAD 58.3 million compared to CAD 52.5 million a year ago. Adjusted operating earnings rose 11.0% due to the contribution from acquisitions, new printing and distribution agreements, the company-wide optimization of cost structure and highly efficient printing platform. Adjusted net earnings applicable to participating shares were CAD 37.6 million or CAD 0.48 per share compared to CAD 33.4 million or CAD 0.43 per share a year ago. Net earnings applicable to participating shares were CAD 44.2 million or CAD 0.56 per share compared to CAD 30.1 million or CAD 0.39 per share a year ago. This improvement stems mainly from lower income taxes following a favorable unusual impact and an improvement in operating earnings. Operating earnings before amortization was CAD 79.8 million against CAD 74.1 million a year ago. Operating earnings was CAD 53.4 million against CAD 47.8 million a year ago. Net earnings were CAD 45.9 million compared to CAD 31.8 million a year ago. Net earnings attributable to shareholders of the company were CAD 45.9 million against CAD 31.8 million a year ago. Cash flows from operating activities was CAD 54.3 million against CAD 51.0 million a year ago. Acquisitions of property, plant and equipment was CAD 9.0 million against CAD 14.0 million a year ago. For the nine months, the company reported revenues of CAD 1,497.5 million compared to CAD 1,534.1 million a year ago, decreased 2.4% primarily as a result of the soft advertising market in two operating sectors, particularly in the printing of marketing products. Adjusted EBITDA was CAD 236.1 million compared to CAD 228.6 million a year ago. Adjusted EBIT was CAD 160.3 million compared to CAD 150.2 million a year ago. Adjusted net earnings applicable to participating shares were CAD 100.8 million or CAD 1.29 per share compared to CAD 92.4 million or CAD 1.19 per share a year ago. Net earnings applicable to participating shares were CAD 96.1 million or CAD 1.23 per share compared to CAD 71.1 million or CAD 0.91 per share a year ago. Adjusted operating earnings grew 6.7 %, attributable to the contribution from acquisitions, the positive effect of the Canadian dollar vis-à-vis the U.S attributable to the contribution from acquisitions, the positive effect of the Canadian dollar vis-à-vis the U.S. Net earnings applicable to participating shares rose mainly from the increase in operating earnings and lower financial expenses. Operating earnings before amortization was CAD 216.3 million against CAD 199.2 million a year ago. Operating earnings were CAD 140.5 million against CAD 120.8 million a year ago. Net earnings were CAD 101.3 million compared to CAD 76.3 million a year ago. Net earnings attributable to shareholders of the company were CAD 101.2 million against CAD 76.2 million a year ago. Cash flows from operating activities was CAD 192.0 million against CAD 331.4 million a year ago. Acquisitions of property, plant and equipment was CAD 27.7 million against CAD 34.3 million a year ago. For the third quarter ended July 31, 2014, the company reported impairment of assets of CAD 0.2 million compared to CAD 1.9 million a year ago.

 

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TCLCF

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Price/Earnings 11.9x
Price/Sales 0.6x
Price/Book 1.6x
Price/Cash Flow 4.7x
TEV/Sales 0.2x
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