Supremex Announces Strong Q3 2020 Results

Supremex Inc. (“Supremex” or the “Company”) (TSX: SXP), a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions, today announced its results for the third quarter ended September 30, 2020.
Third Quarter 2020 Highlights and Recent Event

  • Total revenue increased by 10.4% to $49.9 million, from $45.2 million in the third quarter of 2019.
  • EBITDA1 was up 49.3% to $8.1 million, an increase of $2.7 million, from $5.4 million in the third quarter of 2019. EBITDA includes a $0.9 million of assistance from the Canadian Emergency Wage Subsidy (“CEWS”) program.
  • Net Earnings increased to $2.7 million (or $0.10 per share), from $1.2 million (or $0.04 per share) in the third quarter of 2019.
  • Packaging and Specialty Products segment revenue increased by 18.9% to $15.8 million, up from $13.3 million in the third quarter of 2019.
  • Envelope segment revenue increased by 6.9% to $34.1 million, up from $31.9 million in the third quarter of 2019.
  • Net cash flows from operating activities increased to $7.2 million, up from $3.7 million in the third quarter of 2019.
  • The TSX approved the renewal of the Company’s NCIB allowing for the purchase, for cancellation, of up to 5.0% of its issued and outstanding common shares for a period of twelve months. During the third quarter, the Company purchased 152,900 shares under this program for a total consideration of $200,841.

“We are pleased with our operational and financial results in the third quarter and wish to thank all our employees who continue to work with dedication in these challenging times”, said Stewart Emerson, President & CEO.

“Revenues in the quarter increased 10.4% through a combination of the Royal Envelope acquisition, sustained growth in our U.S. Envelope business and growing e-commerce packaging sales. EBITDA grew by 49.3% notably from synergies generated in our envelope operations, higher e-commerce packaging sales and cost mitigation measures implemented in the context of the ongoing pandemic.”

“Although there remains uncertainty with regards to the full impact of the pandemic on customers and the economy, these results demonstrate the resiliency of our business model and the benefits of our growth and diversification strategy. Looking ahead, we are focused on extracting operational leverage, profitably grow our packaging platform and creating shareholder value,” concluded Mr. Emerson.
more detail at: https://cms.supremex.com/document/873/show

Related Posts

Sun Chemical Acquires SAPICI to Expand Customer Offerings in Polymers and Lamination Adhesives Market

Sun Chemical has acquired SAPICI, a global leading company in high-performance polyurethanes for coatings, flexible packaging, industrial adhesives and more. With SAPICI, Sun Chemical reinforces its integrated supply strategy in the packaging market by adding capabilities to develop and produce unique polymers for the entire portfolio of inks, coatings, and lamination adhesives. The combined resources and technologies of DIC/Sun Chemical and SAPICI will provide a comprehensive and unique polymer portfolio for areas such as industrial coatings, elastomers, industrial adhesives, and sealants.

Nahan Wins Best in Category at PRINTING United Alliance Premier PRINT Awards

Nahan, a full-service, direct marketing and print solutions provider, announced today it has won the Digital Printing/ Direct Marketing Best in Category Award at the PRINTING United Alliance Premier PRINT Awards for the South Dakota Department of Tourism “Your Guide to Great Finds” campaign. The mini-catalog campaign was created in collaboration with client Lawrence & Schiller to promote South Dakota’s unique travel destinations. “We’re honored that our collaboration with the South Dakota Department of Tourism and Lawrence & Schiller has been recognized by Printing United Alliance this year. It demonstrates the agility of the Nahan print platform and our ability to produce highly unique, and personalized print pieces,” said John Klumb, VP, Sales.

Larry Martin Leads as Director of Quad’s Plant in The Rock

Larry Martin is the plant director for Quad’s print-production plant in The Rock. As plant director, Martin oversees all plant and employee operations, strategy development, growth-planning initiatives, and more. He is a Georgia native and was named plant director at The Rock in March 2021. Martin’s career in printing began at Quad 28 years ago. He has worked in management for the last 18 years, and prior to being promoted to plant director, served as the plant’s finishing operations manager for 10.5 years. Martin credits much of his success to his cousin Trent Jones, who served as a mentor to Martin throughout his upbringing and worked 32 years as a saddle stitch operator at Quad. Finishing is one of Quad’s largest departments, with quality-assurance and exceptional customer service as top priorities. Martin says he gained immense insight on teamwork and relationship building as a leader in finishing. It provided him opportunities to interact with teams and individuals in every area of the plant, and to engage with clients from around the world, according to Quad officials.
Back To Top
×Close search
Search