Supremex Inc T.SXP

Alternate Symbol(s): SUMXF

Forest Products Paper & Paper Products

Supremex Inc. is a Canada-based company, which manufactures and markets envelopes and provides paper-based packaging solutions designed to the specifications of national and multinational corporations, direct mailers, resellers, government entities, small-medium enterprises (SMEs) and solutions providers. The Company operates through two segments: the manufacturing and sale of envelopes and the manufacturing and sale of paper-based packaging solutions and specialty products. It also manufactures and distributes a diverse range of packaging and specialty products, including high-end quality folding carton packaging and e-commerce fulfillment packaging solutions. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 10 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.

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Supremex Inc > SXP Strong 1st quarter results!

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Post by hawkowl1on May 13, 2021 7:38am

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Post# 33189880

SXP Strong 1st quarter results!

Supremex Announces Strong Q1 2021 Results

Total revenue increased by 2.3% to $53.6 million , from $52.4 million in the first quarter of 2020.
Envelope segment revenue was down 2.3% to $38.3 million , from $39.1 million in the first quarter of 2020.
Packaging and specialty products segment revenue increased by 15.6% to $15.3 million , from $13.3 million in the first quarter of 2020.
EBITDA 1 increased by 22.1% to $9.4 million , up from $7.7 million in the first quarter of 2020 resulting primarily from growing packaging and specialty sales and operational efficiencies.
Adjusted EBITDA 1 was up by 14.5% to $9.5 million , from $8.3 million in the first quarter of 2020.
Net Earnings at $4.1 million (or $0.15 per share), up from $2.6 million (or $0.09 per share) in the first quarter of 2020.
Adjusted Net Earnings 1 at $4.2 million (or $0.15 per share), up from $3.1 million (or $0.11 per share) in the first quarter of 2020.
Recorded $0.6 million of assistance from the Canada Emergency Wage Subsidy ("CEWS") program.
Acquired Vista Graphic Communications, LLC, a print and folding carton supplier that brings the Company's manufacturing closer to its American e-commerce packaging customers.
Purchased 221,900 shares for total consideration of $473,887 as part of the Company's Normal Course Issuer Bid (''NCIB'') program.