Despite Difficult Economy, Transcontinental Improves Profitability

Net income decreased 15%, from $29.9 million to $25.3 million, due to the unusual item of restructuring costs; on a per-share basis, net income decreased from $0.37 to $0.31. Adjusted net income, which excludes unusual items, rose 4%, from $29.9 million to $31.2 million; on a per-share basis, adjusted net income increased from $0.37 to $0.39.