Sep 12, 2024 / 12:00PM GMT
Donald Lecavalier - Transcontinental Inc - Chief Financial Officer, Executive Vice President
(audio in progress) in the packaging sector. Regarding profitability, we delivered another strong quarter with consolidated adjusted EBITDA of $121 million a 12.1% improvement versus last year.
This increase was mainly due to our cost reductions and efficiency initiatives related to the profitability improvement program and also a positive exchange rate impact.
Volume growth in our packaging sector and a favorable product mix in the retail services and printing sector also contributed to the strong performance. Financial expense decreased by $0.5 million, mainly due to a lower debt level following strong cash flow generation in the last 12 months, partially offset by exchange rate fluctuations. Adjusted income tax increased by $7 million to $17 million and represented an effective rate of 24.8%. This led to an adjusted earnings per share of $0.60, a $0.09 increase compared to the same quarter last year.
Now moving to Slide 6 for the sector review. In packaging, we generated revenue of
Q3 2024 Transcontinental Inc Earnings Call Transcript
Sep 12, 2024
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