SupremeX Announces Record Q1 2023 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 first quarter ended March 31, 2023.

First Quarter Financial Highlights and Recent Events
• Total revenue increased by 39.8% to $88.4 million, from $63.3 million in the first quarter of 2022.
• Envelope segment revenue was up 44.4% to $64.5 million, from $44.6 million in the first quarter of 2022.
• Packaging and specialty products segment revenue rose by 28.7% to $24.0 million, from $18.6 million last year.
• Net earnings increased 50.7% to $9.5 million, from $6.3 million in the first quarter of 2022.
• Acquisitions of Impression Paragraph Inc. (“Paragraph”), on January 16, 2023 and of Graf-Pak Inc. (“Graf-Pak”) on May 8, 2023

“Supremex posted solid first-quarter results with recent acquisitions driving revenue growth, leading to a thirteenth consecutive period of year-over-year improvement in Adjusted EBITDA. Our robust performance in the Envelope segment reflects a focused penetration of the U.S. market and a continued emphasis on improving customer and product mix. In Packaging, revenue and profitability were affected by residual inefficiencies from a recent relocation of our primary folding carton facility in the Montreal area, and we continue to focus on leveraging the benefits from a larger and more efficient facility,” said Stewart Emerson, President & CEO of Supremex.

“For the balance of 2023, our focus remains on integrating recent acquisitions with a priority on capturing all sales and cost synergies. Looking to the immediate future, both segments we operate in are experiencing a slowdown in new orders as customers throughout the supply chain focus on reducing inventory levels built in 2022. Beyond this temporary ebb, we believe our solid position in the North American envelope market combined with a greater presence in the growing folding carton and e-commerce fulfilment packaging markets should drive further earnings and cash flow growth,” concluded Mr. Emerson.
details at: https://supremex.com/wp-content/uploads/2023/05/SXP-Q1-2023-PR-EN-FINAL-2023-05-09-pour-envoi.pdf

Related Posts

Join Two Sides in celebrating International Print Day 2020 on the 21st October!

Declare Your love for Print and Participate in 24-Hours of Global Knowledge Sharing Through Social Media. Watch this site for #IPD20 news and information, join the mailing list, and please connect with us on our social media channels. Find us on Twitter, Facebook and LinkedIn. Two Sides UK has created a range of co-branded factographics to share on your own social media channels! Download, share and #ElevatePrint.

Lux Global Label Announces New Leadership

Lux Global Label Company, one of the world's most respected printing packaging companies, today announced a series of leadership additions including naming Todd Kennedy as Chief Executive Officer and a member of the Board of Directors. The company also announced that two labeling and printing industry veterans, Robert (Bob) Coleman and John Wurzburger, have been named to the company's Board of Directors. Lux Global Label is the newly formed holding company that purchased certain assets from National Label, a 103-year-old global leader in the labeling industry. The establishment of Lux Global Label was announced by Resilience Capital Partners, a leading private equity firm, on April 28, 2017. Click Read More below for additional detail.

Keeping the Centuries-Old Tradition of Venetian Bookbinding Alive (atlasobscura.com)

The first thing one notices upon approaching Paolo Olbi’s bookstore from Ca’ Foscari bridge in Venice is the intricate patterns and vibrant colors. His carefully displayed selection of handmade books, notebooks, and stationery look like an old postcard. Olbi himself, an impeccably dressed and groomed 78-year-old native Venetian, is as much a caretaker as an artisan. “I started learning handmade bookmaking at 18,” he says. “And 60 years later I am still loving it.” The books for sale at Olbi’s store are traditionally hand-bound, using techniques that can only be learned through apprenticeships with masters of the form. When he started in this trade, there were around 20 traditional bookbinding shops in Venice. Today, he is one of just three.
Back To Top
×Close search
Search