Business
Supremex Announces Results for the First Quarter of 2026
Montreal, Quebec--(Newsfile Corp. - May 7, 2026) - Supremex Inc. (TSX: SXP) ("Supremex"...
About this update from Supremex Inc.
Supremex Announces Results for the First Quarter of 2026Montreal, Quebec--(Newsfile Corp. - May 7, 2026) - Supremex Inc. (TSX: SXP) ("Supremex" or the "Company"), 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, 2026. The Company will hold a conference call to discuss these results today at 9:00 a.m. (Eastern Time).First Quarter Financial Highlights and Recent EventsTotal revenue of $74.8 million, up 6.6% from $70.2 million in the first quarter of 2025.Envelope segment revenue of $50.9 million, versus $48.4 million a year ago.Packaging & Specialty Products segment revenue of $24.0 million, versus $21.8 million last year.Net earnings of $0.8 million, or $0.03 per share, versus $1.9 million, or $0.08 per share, in the first quarter of 2025.Adjusted EBITDA1 of $9.9 million, or 13.2% of revenue, up from $8.8 million, or 12.6% of revenue, last year.On January 29, 2026, the Company launched an optimization initiative involving the closure of its Envelope facility in Indianapolis, Indiana. Management anticipates this initiative will result in annual cost savings in excess of $1.5 million once all measures are implemented.Acquisition on April 20, 2026, of the shares of Fantasia Printing Ltd, doing business as iFlex Labels ("iFlex"), a label manufacturing company located in Saint-Laurent, Quebec.Concurrently with the acquisition of iFlex, the Company undertook a reorganization of its label business, including the planned relocation of both its existing label facility in Laval, Quebec and the newly acquired iFlex label manufacturing facility in Saint-Laurent, Quebec, with all label operations to be consolidated into the Lachine, Quebec folding carton plant. As this was initiated subsequent to quarter end, no provision was recorded in the Q1 2026 financial statements. The Company estimates it will record a restructuring provision of approximately $0.2 million in Q2 2026, and to generate annual cost savings in excess of $0.5 million.On May 6, 2026, the Board of Directors declared a quarterly dividend of $0.05 per common share, payable on June 18, 2026, to shareholders of record at the close of business on June 4, 2026.Financial Highlights(in thousands of dollars, except for per share amounts and margins)Three-m...