Supremex Inc (OTC:SUMXF)

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Friday, November 11, 2022

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Supremex Inc (OTC:SUMXF) ($3.42; $97.9M market cap) (SXP.TO) manufactures, markets, and sells envelopes, and paper packaging solutions and specialty products in North America announced Q3 2022 results:

  • Sales of $67.9 million vs $54.8 million in the prior year
  • EPS of $0.31 vs $0.13 in the prior year

“We expect the fourth quarter to be strong but anticipate the rate of revenue and EBITDA growth to moderate, excluding the added contribution of Royal Envelope. Over the longer term, both our Envelope and Packaging operations are very-well positioned for growth. Finally, our strong balance sheet will provide flexibility for further strategic initiatives to create shareholder value” 

You can see our RFT (Reasons for Tracking) note from February 2022 here



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