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Transcontinental Inc. announces its financial results for fiscal 2018

Transcontinental Inc. announces its financial results for fiscal 2018

Highlights

  • Revenues increased by $616.3 million, or 30.7%, from $2,007.2 million to $2,623.5 million, mainly as a result of the transformational acquisition of Coveris Americas completed on May 1, 2018. This increase was partially mitigated by the sale of our local and regional newspaper media assets in Québec and the sale of the printing operations of our Fremont, California, plant. Adjusted revenues, which exclude the accelerated recognition of deferred revenues of $102.1 million, increased by $514.2 million, or 25.6%, from $2,007.2 million to $2,521.4 million.
  • Operating earnings increased by $65.6 million, or 21.7%, from $302.0 million to $367.6 million. Adjusted operating earnings, which exclude the accelerated recognition of deferred revenues, accelerated depreciation, restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, increased by $46.1 million, or 14.8%, from $310.7 million to $356.8 million.
  • Net earnings increased by $1.9 million, or 0.9%, from $211.5 million to $213.4 million. Adjusted net earnings, which exclude the accelerated recognition of deferred revenues, accelerated depreciation, restructuring and other costs (gains), impairment of assets, amortization of intangible assets and the reversal of the fair value adjustment of inventory sold arising from business combinations, net of related income taxes, increased by $25.7 million, or 12.0%, from $213.7 million to $239.4 million.
  • Completed the acquisition of Coveris Americas, positioning TC Transcontinental as a North American leader in flexible packaging.
  • Concluded an agreement with The Hearst Corporation whereby the Corporation transferred to Hearst, on April 2, 2018, the printing of the San Francisco Chronicle.
  • Finalized the sale process of local and regional newspapers in Québec as well as their related web properties.
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News - Financial News

Mercer International Inc. Announces Plans to Issue $350 Million of Senior Notes in Private Offering

Mercer International Inc. Announces Plans to Issue $350 Million of Senior Notes in Private Offering

NEW YORK, Nov. 28, 2018 -- Mercer International Inc. (Nasdaq: MERC) (the "Company") today announced that it intends to offer for sale (the "Offering") $350 million in aggr...

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News - Financial News

Kimberly-Clark Declares Quarterly Dividend and Announces Date of the 2019 Annual Shareholder Meeting

Kimberly-Clark Declares Quarterly Dividend and Announces Date of the 2019 Annual Shareholder Meeting

DALLAS, Nov. 15, 2018 -- The board of directors of Kimberly-Clark Corporation (NYSE: KMB) has declared a regular quarterly dividend of $1.00 per share. The dividend is pay...

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News - Financial News

Graphic Packaging Declares Quarterly Dividend

Graphic Packaging Declares Quarterly Dividend

ATLANTA, Nov. 15, 2018 -- Today Graphic Packaging Holding Company's (NYSE: GPK) Board of Directors declared a quarterly dividend of $0.075 per share. The dividend is payab...

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News - Financial News

KP Tissue declares a Quarterly Dividend of $0.18 per Common Share

KP Tissue declares a Quarterly Dividend of $0.18 per Common Share

Mississauga (ON), November 8, 2018 – KP Tissue Inc. ("KPT") (TSX: KPT) announced today that the Board of Directors has declared a quarterly dividend of $0.18 per common sh...

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News - Financial News

Sappi delivers solid full year and improved fourth quarter results while completing higher margin conversion and dissolving wood pulp debottlenecking projects

Sappi delivers solid full year and improved fourth quarter results while completing higher margin conversion and dissolving wood pulp debottlenecking projects

Commenting on the results, Sappi Chief Executive Officer Steve Binnie said: "I am very satisfied that we have delivered results for the year in line with that of the prio...

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News - Financial News

KP Tissue Releases Third Quarter 2018 Financial Results

KP Tissue Releases Third Quarter 2018 Financial Results

Moving Forward with Long-Term Strategic Initiatives

MISSISSAUGA, Ontario, Nov. 08, 2018 -- KP Tissue Inc. (KPT) (TSX: KPT) reports the Q3 2018 financial and operational res...

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News - Financial News

Clearwater Paper Reports Third Quarter 2018 Results

Clearwater Paper Reports Third Quarter 2018 Results

SPOKANE, Wash.--Nov. 8, 2018-- Clearwater Paper Corporation (NYSE:CLW) today reported financial results for the third quarter of 2018.

The company reported net sales of $42...

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News - Financial News

WestRock Reports Strong Fiscal 2018 Fourth Quarter Results - Consolidated Segment EBITDA Increased 26%

WestRock Reports Strong Fiscal 2018 Fourth Quarter Results - Consolidated Segment EBITDA Increased 26%

ATLANTA, Nov. 05, 2018 -- WestRock Company (NYSE:WRK), a leading provider of differentiated paper and packaging solutions, today announced results for its fiscal fourth qu...

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News - Financial News

Verso Corporation Reports Third Quarter 2018 Financial Results

Verso Corporation Reports Third Quarter 2018 Financial Results

MIAMISBURG, Ohio, Nov. 7, 2018 -- Verso Corporation (NYSE: VRS) today reported financial results for the third quarter of 2018.

Third Quarter 2018 Highlights:

  • Net income of ...
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News - Financial News

Neenah Reports Third Quarter 2018 Results

Neenah Reports Third Quarter 2018 Results

Sales Increase 5% to $256 million; E.P.S. of $0.75 per share ($0.76 Adjusted E.P.S.)

ALPHARETTA, Ga., Nov. 6, 2018 -- Neenah, Inc. (NYSE: NP) today reported 2018 third quar...

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News - Financial News

Cascades Announces Solid Results for the Third Quarter of 2018

Cascades Announces Solid Results for the Third Quarter of 2018
  • Strong quarterly performance driven by record containerboard results
  • Solid Containerboard fundamentals support favourable near-term outlook

KINGSEY FALLS, QC , Nov. 8, 2018...

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News - Financial News

Glatfelter Reports Third Quarter 2018 Results

Glatfelter Reports Third Quarter 2018 Results

~ Significant progress on strategic transformation ~

~ Launching plan to eliminate $14 million to $16 million of corporate costs ~

YORK, Pa., Nov. 06, 2018 -- Glatfelter (NY...

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News - Financial News

Rayonier Advanced Materials Reports Third Quarter 2018 Results

Rayonier Advanced Materials Reports Third Quarter 2018 Results
  • Third quarter 2018 net income of $38 million and adjusted EBITDA of $99 million
  • Year-to-date diluted earnings per share of $1.82 and adjusted net income per share of $1.53...
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News - Financial News

Fortress Global Enterprises Reports Third Quarter 2018 Results and Management Transition

Fortress Global Enterprises Reports Third Quarter 2018 Results and Management Transition

Vancouver, British Columbia, November 5, 2018

Third Quarter 2018 Consolidated Results

Fortress Global Enterprises Inc. ("Fortress Global Enterprises" or the "Company") (TSX...

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News - Financial News

Port of HaminaKotka chosen for Finnpulp’s export harbour

Port of HaminaKotka chosen for Finnpulp’s export harbour

Finnpulp has signed a letter of intent with Port of HaminaKotka for operating the export of its pulp products. The agreement consists of the leasing of the land and plann...

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News - Financial News

Borregaard - EBITA adj. NOK 145 million in 3rd quarter

Borregaard - EBITA adj. NOK 145 million in 3rd quarter

Borregaard's operating revenues increased to NOK 1,150 million (NOK 1,089 million)1 in the 3rd quarter of 2018. EBITA adj.2 was NOK 145 million (NOK 197 million). Other B...

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