Supremex Announces Results for Third Quarter of 2024

“Supremex’ third quarter operating performance was driven by higher envelope volume and improving packaging markets, and although profitability was impacted by approximately $1.9 million of non-operating items, it remains below its true potential,” said Stewart Emerson, President and CEO of Supremex. “As anticipated, envelope volumes continue to improve from the lows of 2023, and backlogs are stronger. However, the market continues to give back some of the pricing gains made in 2022 and profitability was also impacted by the temporary effect of our consolidation in the Greater Toronto Area, which is expected to yield important benefits going forward. In packaging, sales for e-commerce fulfillment remained solid and channels subject to discretionary consumer demand have improved, while increased profitability reflected greater efficiency from recent cost reduction and productivity initiatives and the benefits of improved absorption. Additionally, with a new senior leader steering our folding carton activities, we are confident that we will further leverage our high-quality assets, blue-chip customer base and dedicated employees. Based on a gradually improving market, efficiency and productivity gains, and the expectation of a substantial gain on the sale-leaseback transaction, the Board of Directors has decided to increase the dividend.”
details at: https://supremex.com/wp-content/uploads/2024/02/SXP-Q3-2024-Press-Release-EN-Final-1.pdf

Related Posts

Ahlstrom supports the transition to renewable energy sources with Elektro-Tek® electrotechnical papers

As the world shifts towards renewable energy sources, the demand for high-performance insulation materials for electrotechnical uses is on the rise. Supporting this transition, electrotechnical papers are designed as an ideal solution for demanding applications such as high-voltage cables, distribution transformers, instrument transformers, power transformers, and bushings. Ahlstrom offers a comprehensive range of innovative electrotechnical papers under a new brand Elektro-Tek® that offer excellent thermal and electrical properties. The key features required in electrotechnical papers include for example their insulation properties, density and thermal endurance, to enable the insulation to perform in operation for the defined lifecycle of the highest quality OEM producers.

Mondi’s high-speed inkjet papers race towards Hunkeler Innovations Days at full throttle

Back at high speed, the Hunkeler Innovation Days in Lucerne, Switzerland will be held from February 27 to March 2. Over the past three years, where the pandemic prevented this industry event from happening, high speed inkjet printing continued to evolve and will continue to do so according to the 2021 Smithers report “The Future of Print Equipment Markets to 2026”. For both types of high-speed presses – reel fed and sheet fed – the market is growing. In Europe, inkjet reel fed installations are expected to grow by around 50% between 2021 and 2026. Still, sheet fed inkjet installations top these figures as they are expected to grow by 126% in Western Europe and by 288% in Eastern Europe in the same period. Mondi Uncoated Fine Paper – part of the international packaging and paper group Mondi – developed the largest selection of high-speed inkjet papers in close collaboration with renowned OEMs (Original Equipment Manufacturers). The papers feature ideal gamut, reels as well as sheets in grammages ranging from 60 to 300 gsm and various surface treatments.

Verso Announces Price Increase

Effective with all new and existing orders with confirmed delivery dates of January 15, 2018 or later, Verso Corporation is increasing the transaction price of all Coated Economy Freesheet Sheets and Sheeter Roll grades by 4% to 6%. This includes, but is not limited to: Anthem Plus® sheets/sheeter rolls, Blazer Digital® sheets/sheeter rolls. The increase applies to all basis weights, bulks, finishes and related private label grades.
Back To Top
×Close search
Search