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 solution 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. The Company also manufactures and distributes a diverse range of paper-based packaging solutions and specialty products, including folding carton packaging, e-commerce solutions, and labels. Its other packaging and specialty products include the Conformer Products, labels, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates 11 manufacturing facilities across four provinces in Canada and six manufacturing facilities in four states in the United States.

TSX:SXP - Post by User

Supremex Inc

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Post by retiredcfon Aug 21, 2023 6:31am

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Post# 35597418

Another View of Earnings

EPS of 9c missed estimates of 21c; revenue of $71.6M was 9% below estimates. EBITDA of $9.5M was 33% short. Sales rose 15% but profit dropped 71%. The acquisition of Royal Envelope boosted sales, but rising inventories, lower demand and inflationary pressures hurt results. Customers are making inventory adjustments in anticpation of possible weakening demand. Cormark downgraded its rating. SXP is very cheap, and the drop reflects the situation. There is small cap and debt risk here, but it is priced well enough to be a higher-risk hold, in our view. (5iResearch)

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