Transcontinental Inc Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : First off, Francois, congratulations and best of luck and Peter, congratulations as well. Maybe my first question, just on pricing within Packaging. At this point, have you sort of fully caught up on your pricing adjustments? If not, sort of how far maybe behind and so when can we sort of expect before you caught up? Francois Olivier Yes. We're almost there, just a couple of more months. As you know, most of them is about a 2 to 3-month lag. And we had a few at 6 that are longer to [caught] up, but they're not meaningful. So I would say, 1 or 2 more months, and we have seen in certain grade of resin, price decrease. So it should, in some area, stabilize and even for certain resin, like I said, turn the other way. So a month or 2, but each month is a lot less, Mark, because we are at the end of the line.

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. But in terms of the maybe absolute dollar figures, and you're talking about growing next year in each segment, sort of excluding the rate subsidy, excluding the extra week. Is there sort of round numbers you can help us with?

Question: Mark Neville - Scotiabank Global Banking and Markets, Research Division - Analyst : Okay. Maybe one last question. Can you -- maybe you mentioned, but have you disclosed the purchase price for the Crocker acquisition?

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : Francois, congratulations on your long tenure. And Peter, I look forward to working with you. A couple of questions here. Specifically, when you think about the packaging segment in the quarter and sort of what you've seen on a year-to-date basis, can you talk a little bit about where you're seeing the volume growth in terms of the end markets and the segments? And if there's any differentiation across that spectrum? Francois Olivier Well, Donald mentioned advanced coating in the medical space. We had a good quarter. But for the most part, all the sector we operate in, whether it's the dairy, the consumer space or the agriculture in LatAm and the level of activity is pretty good. So everybody participates to the organic growth, positive organic growth in Q4. And we expect everybody to participate in 2022. So we highlighted for Q4, the coating business around the medical space that had the best year-over-year growth. But there's not a specific sector that is overperforming or one that is underperforming. We have good loading in most of our factory. And frankly, we have more supply chain issue in terms of delivering our customer than we have right now a problem with the loading.

Question: Stephen MacLeod - BMO Capital Markets Equity Research - Analyst : That's great. And then just finally, I was wondering if you could sort of just summarize if you have it in front of you. Just the CWS dollar impact in both the Printing segment and the Packaging segment? Francois Olivier Well, in the Packaging segment, this year, didn't have any impact. We received minimum dollars. But overall, at the consolidated level, we received this year, 50% of what we received in 2020. And obviously, as I said in my opening remarks, we don't expect to receive any dollars. So you can look at our MD&A, where it's close to $30 million of, if you want, negative coming from that end of fiscal 2022, that it's mainly at Print level. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 09, 2021 / 9:15PM, TCLa.TO - Q4 2021 Transcontinental Inc Earnings Call