Supremex Announces Strong Q2 2021 Results
Second Quarter Financial Highlights and Recent Events * Total revenue increased by 8.7% to $51.8 million, from $47.7 million in the second quarter of 2020. * Envelope segment revenue was up 7.6% to $35.2 million, from $32.8 million in the second quarter of 2020. * Packaging and specialty products segment revenue increased by 11.1% to $16.6 million, from $14.9 million in the second quarter of 2020. * EBITDA1 at $8.6 million, up 24.1%, from $6.9 million in the second quarter of 2020. EBITDA margins stood at 16.5%, up from 14.5%. * Net Earnings at $3.4 million (or $0.12 per share), up from $1.9 million (or $0.07 per share) in the second quarter of 2020. * Recorded $0.8 million of assistance from the Canada Emergency Wage Subsidy (“CEWS”) program. * Purchased 488,100 shares for total consideration of $1.1 million as part of the Company’s Normal Course Issuer Bid (‘’NCIB’’). * Mary Chronopoulos was appointed CFO and Corporate Secretary effective May 31, 2021.