Transcontinental Again Generates Organic Revenue and Profit Growth

Similarly, adjusted operating income increased 5 percent, from $105.6 million to $111.1 million, while the adjusted operating income margin increased from 10.3 percent to 10.6 percent.

Net income applicable to participating shares went from $93.2 million to $59.2 million. Excluding unusual items, adjusted net income applicable to participating shares increased 14 percent, from $61.2 million to $70.0 million.