RE:margins for packaging business segment?See page 5 of Nov 12, 2021 MDA.
Ebitda margins 9mos to date:
Envelope = 18.6%;
Packaging 15%
Note, there will be bumps on the road to 50% packaging revenues. Some of their packaging acquistions to date were not great, and perhaps even poor. It has been sorted out now, but this is an example that there is still risk ahead.
They have righted the ship now, and it is producing simply great cash flow now. So time for SXP to be sold to a larger US competitor who can keep it all, or break it up into 2 separate companies.