Supremex Announces Q3 2021 Results
Supremex Inc. a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, announced its results for the third quarter ended September 30, 2021. Third Quarter Financial Highlights and Recent Events * Total revenue increased by 9.9% to $54.8 million, from $49.9 million in the third quarter of 2020. * Envelope segment revenue was up 8.5% to $37.0 million, from $34.1 million in the third quarter of 2020. Packaging and specialty products segment revenue increased by 12.8% to $17.8 million, from $15.8 million in the third quarter of 2020. * Net Earnings at $3.4 million (or $0.12 per share), up from $2.7 million (or $0.10 per share) in the third quarter of 2020. * Purchased 292,400 shares for total consideration of $0.7 million as part of the Company’s NCIB program.