Revenues increased 4 percent in the first quarter of 2011, from $511.6 million to $530.1 million, primarily due to a number of new printing contracts. Adjusted operating income increased 5 percent, from $47.3 million to $49.8 million, representing the seventh consecutive quarter of year-over-year growth.
Transcontinental has chosen De Marque’s technology platform to provide eBook production and distribution services to its customers in the United States and English-speaking Canada. The two companies have also entered into a business partnership to develop this very rapidly-growing market as quickly as possible.
Most Viewed stories from Printing Impressions’ daily e-newsletter—Today on PIworld—for the past month.
For fiscal 2010 as a whole, the company says it had the best operating performance in its history, including growth: of 16.3 percent in adjusted operating income, of 18.7 percent in adjusted net income applicable to participating shares, and from a loss of $82.3 million to a gain of $166.6 million in net income applicable to participating shares.
While many magazine and catalog printers have reported some improvement in their sectors since 2009, economic and industry uncertainty still carried its weight into 2010. Reduction in advertising pages, a migration to digital alternatives, and the rising cost of postage and paper have remained key issues.
Commercial printing industry news briefs, including items on RRD, Knepper Press, Standard Register, Transcontinental, Coronet Printing, Fey Printing, Pacific Printing and Shutterfly.
With publicly held companies on the 2010 Printing Impressions 400 reporting sales declines for their most recently completed fiscal years, pay levels for the principal officers at these large firms didn't necessarily follow suit. For most of the executives appearing here, their overall salaries were up significantly.
Through this acquisition, Transcontinental Inc. is adding key new services to its marketing solutions offering, namely the capacity to design and implement end-to-end marketing campaigns using mobile and social media channels. Transaction information and price were not released. The 37 Vortex employees and Brady Murphy, co-founder of Vortex Mobile, will be joining the 900 employees in Transcontinental's Marketing Communications Sector.
MONTREAL—Transcontinental announced that it is closing the Boucherville printing plant before the end of the year. The closure, scheduled for Dec. 17, will result in the loss of 180 employees.
Some 180 employees will be affected when the plant closes on Dec. 17, 2010. “Today, because of the major structural changes in the printing industry that have led to decreased demand in certain niche markets, Transcontinental is faced with overcapacity in the book, catalogue and magazine segment of its print network,” said Jacques Grégoire, senior vice president, Magazine, Book and Catalogue Group.
