Supremex Announces Strong Q4 and 2020 Year End Results

Fourth Quarter Financial Highlights and Recent Events

  • Total revenue increased by 11.1% to $54.6 million, from $49.2 million in the fourth quarter of 2019.
  • Envelope segment revenue was up 13.2% to $40.5 million, from $35.7 million in the fourth quarter of 2019.
  • Packaging and specialty products segment revenue increased by 5.4% to $14.2 million, from $13.4 million.
  • EBITDA1was $4.6 million, down from $6.8 million in the fourth quarter of 2019 resulting primarily from a non-cash asset impairment charge of $2.8 million and a restructuring expense of $1.8 million.
  • Net Earnings at $0.3 million (or $0.01 per share), down from $2.3 million (or $0.08 per share) in the fourth quarter of 2019 from the above mentioned non-recurring items.

Fiscal Year Financial Highlights

  • Total revenue increased by 6.7% to $204.6 million, from $191.7 million in 2019.
  • Envelope segment revenue was up 6.8% to $146.5 million, from $137.1 million in 2019.
  • Packaging and specialty products segment revenue was up 6.5% to $58.1 million, from $54.5 million.
  • EBITDA1 was $27.2 million, which include a fourth quarter non-cash asset impairment charge of $2.8 million and restructuring expenses of $1.8 million, up $1.9 million from $25.3 million in 2019.Adjusted EBITDA1was up 27.9%, or $7.1 million, to $32.4 million from $25.3 million in 2019.
  • Net Earnings were $7.5 million (or $0.27 per share), which include the above mentioned non-recurring items, increased $0.4 million from $7.1 million (or $0.25 per share) in 2019.

“We ended the year on very solid ground with revenue and profitability growth from both our envelope and packaging platforms and a significant deleveraging of the balance sheet during the course of the year,” said Stewart Emerson, President & CEO.

“The acquisition of Royal Envelope earlier in the year provided important earnings power to our envelope business. Our packaging and specialty products segment also performed well on the strength of our e-commerce offering and improved operations in Folding Carton, which allowed margins to trend towards higher historical levels.”

“I would like to once again thank all our dedicated employees who have contributed to these results, during challenging times. Strong leadership was demonstrated at every level of the organization ensuring our success during the pandemic. We integrated one of the largest acquisitions in our history, kept employees safe and our customers well supplied all while optimally managing capital spending to position us well as we emerge from the pandemic. Our priority in 2021 will be on operational excellence as we leverage our envelope platform, focus on growing our packaging segment and work to continue to build shareholder value,” concluded Stewart Emerson, President & CEO.
details at: https://cms.supremex.com/document/885/show

Related Posts

Quad and the Quadracci Family’s Windhover Foundation Commit $1 Million to Bring The BrandLab to Milwaukee

Quad/Graphics, Inc. and the Quadracci family’s Windhover Foundation are announcing a three-year, $1 million commitment to The BrandLab, a non-profit dedicated to changing the face and voice of the marketing industry by creating opportunities for young people from diverse ethnic and socioeconomic backgrounds. This new partnership will enable The BrandLab to expand into the Milwaukee community and bring together local agencies, corporations and student interns who identify as Black, Indigenous and People of Color (BIPOC), or who come from low-income families. Already operational in Kansas City and Minneapolis, The BrandLab’s success in bringing young, diverse voices into the creative profession directly aligns with Quad’s decades-long dedication to creating a better way. “The BrandLab starts by exposing students to creative and viable careers before they graduate from high school and then we stay with them on their journey to their first full-time role,” said Ellen Walthour, Chief Executive Officer of The BrandLab. “This is a long-term solution that requires long-range vision from the industry’s top leaders. Quad understands that our work not only advances racial equity, but it makes the creative field so much stronger.”

HP PageWide Presses Hit 500 Billion Printed Pages (piworld.com)

HP Inc. announced its inkjet production printing solution, PageWide Web Press, has reached a milestone of 500 billion printed pages, as the print platform continues to expand its page capacity driven by global HP print service providers (PSPs). “PSPs operating HP PageWide Web Presses are finding new success and opportunities for more sophisticated and profitable digital print applications, as well as transferring more pages from offset to digital inkjet technology,” said Carles Farre, vice president and general manager, HP PageWide Press. “They have more than doubled the number of pages they print on HP PageWide Presses since drupa 2016 for a growth rate that is nearly twice that of the market. More than half of these customers have printed over 1 billion pages on their devices.” HP PageWide Web Press is an inkjet leader, reaching a share of more than 30% of the 8.8 billion page capacity added in high-volume color inkjet page capacity in the first quarter of 2020.1

LSC Communications Launches Anti-Piracy IntercepTagTM Technology Platform

LSC Communications, Inc. announced the release of the company’s IntercepTag solution delivering a platform for verifying textbook authenticity through the scanning of secure unique identifier codes. The platform leverages the scale of LSC's production and distribution facilities and HP’s Link Technology for product authentication, to help protect intellectual property and fight counterfeiting throughout the entire supply chain. "In the book publishing industry, textbook piracy has been a major problem and an increasing concern for publishers,” said David McCree, president of the Book division of LSC. “Our latest investment with HP builds on our strategic investment with Context Labs and strengthens our Supply Chain as a Service (SCaaS) offering. We are committed to help protect our clients’ intellectual property and to support technology innovation within the supply chain." Click Read More below for additional detail.
Back To Top
×Close search
Search