Adjusted Earnings Per Share Improvement
The company reported a significant improvement in adjusted earnings per share for the third consecutive quarter, increasing by 16.7% from $0.60 to $0.70.
Retail Services and Printing Sector Growth
The Retail Services and Printing sector had a strong quarter with a 4.5% revenue increase to $261.2 million, largely due to growth in book printing activities.
Successful Acquisitions
The company acquired Middleton Group and Mirazed Intergraphics, enhancing in-store marketing capabilities in Quebec and Western Canada and diversifying product offerings.
Cost Savings and Debt Reduction
Financial expenses decreased by $4.6 million due to lower debt levels and favorable FX impact, with a net debt ratio improving to 1.68x.
Introduction of Artificial Intelligence
Investment of $2.5 million in AI to automate content production for flyers, with expected efficiency improvements and better customer offerings.