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 in two reporting 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 folding carton packaging and e-Commerce fulfillment packaging solutions. Other packaging and specialty products include the Conformer Products, labels, record sleeves and jackets, polyethylene bags for courier applications, bubble mailers and Enviro-logiX. It operates over ten manufacturing facilities across four provinces in Canada and five manufacturing facilities in three states in the United States.

TSX:SXP - Post by User

Supremex Inc

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Post by HermannHalleron Aug 10, 2023 7:23am

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Post# 35581180

Q2 results

SXP 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

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