Q2 resultsSXP reported solid revenue growth of 15%, but earnings of 9c, which was disappointing. Volumes were impacted as warned, and clearly hit margins in the quarter.
The good news is the company still generates a lot of free cash flow. In Q2 free cash flow was $9.8 million, similar to $10.2 million last year. The company paid down debt and has been buying back shares. They said they plan to renew the NCIB at the end of this month.
https://www.globenewswire.com/news-release/2023/08/10/2722483/0/en/Supremex-Announces-Q2-2023-Results.html