Supremex Announces Results for the First Quarter of 2025 and its Intention to Renew Normal Course Issuer Bid ("NCIB")

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[{"type":"text","content":"Supremex Announces Results for the First Quarter of 2025 and its Intention to Renew Normal Course Issuer Bid (“NCIB”)\n\n\n\n MONTREAL, May 08, 2025 (GLOBE NEWSWIRE) -- 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, 2025. The Company will hold a conference call to discuss these results today at 9:00 a.m. (Eastern Time).\n \n\n\n First Quarter Financial Highlights and Recent Events\n \n\n\n\n Total revenue of $70.2 million, down from $73.3 million in the first quarter of 2024.\n \n\n Envelope segment revenue of $48.4 million, versus $53.4 million a year ago.\n \n\n Packaging and Specialty Products segment revenue of $21.8 million, versus $19.8 million last year.\n \n\n Net earnings of $1.9 million, or $0.08 per share, versus $3.5 million, or $0.14 per share, in the first quarter of 2024.\n \n\n Adjusted EBITDA\n \n 1\n \n of $8.8 million, or 12.6% of revenue, versus $10.5 million, or 14.3% of revenue, last year.\n \n\n Net debt\n \n 1\n \n decreased by $5.8 million to $35.4 million, the equivalent of 0.9X of Adjusted EBITDA.\n \n\n Subject to approval of the TSX, the Company intends to renew its NCIB.\n \n\n On May 7, 2025, the Board of Directors declared a quarterly dividend of $0.05 per common share, payable on June 20, 2025, to shareholders of record at the close of business on June 5, 2025.\n \n\n\n\n\n\n Financial Highlights\n \n\n (in thousands of dollars, except for per share amounts and\n \n margins)\n \n\n\n Three-month periods ended\n \n\n\n\n\n\n March 31,\n \n\n\n 2025\n \n\n\n\n\n\n December 31,\n \n\n\n 2024\n \n\n\n\n\n\n March 31,\n \n\n\n 2024\n \n\n\n\n\n\n\n\n Statement of Earnings\n \n\n\n\n\n Revenue\n \n\n\n 70,228\n \n\n\n\n\n 69,075\n \n\n\n\n 73,268\n \n\n\n\n\n\n Operating earnings\n \n\n\n 3,778\n \n\n\n\n\n 8,811\n \n\n\n\n 5,763\n \n\n\n\n\n\n Adjusted EBITDA\n \n (1)\n \n\n\n\n 8,829\n \n\n\n\n\n 12,919\n \n\n\n\n 10,483\n \n\n\n\n\n\n Adjusted EBITDA margin\n \n (1)\n \n\n\n\n 12.6\n \n\n %\n \n\n\n\n\n 18.7%\n \n\n\n\n 14.3%\n \n\n\n\n\n\n Net earnings\n \n\n\n 1,920\n \n\n\n\n\n 5,819\n \n\n\n\n 3,496\n \n\n\n\n\n\n Basic and diluted net earnings per share\...

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