Transcontinental Generates Organic Revenue and Profit Growth

Similarly, adjusted operating income increased 3 percent, from $161.0 million to $166.4 million, while the adjusted operating income margin increased slightly from 10.9 percent to 11.0 percent.

Net income applicable to participating shares went from $122.1 million to $69.8 million. Excluding unusual items and discontinued operations, adjusted net income applicable to participating shares increased 9 percent, from $93.2 million to $101.5 million.