Supremex Announces Solid Q4 2022 Results
Fourth Quarter Financial Highlights and Recent Events • Total revenue increased by 19.0% to $78.8 million, from $66.2 million in the fourth quarter of 2021. • Envelope segment revenue was up 30.1% to $60.7 million, from $46.7 million in the fourth quarter of 2021. • Packaging & specialty products segment revenue declined by 7.6% to $18.1 million, from $19.6 million last year, largely as a result of the wind down of Durabox and the relocation of folding carton operations. • Net Earnings increased 36.0% to $6.7 million, from $4.9 million in the fourth quarter of 2021. • Acquisitions of Royal Envelope Corporation (“Royal Envelope”), on November 1, 2022, and Impression Paragraph Inc. (“Paragraph”), on January 16, 2023.