Supremex Inc. announced its results for the quarter and year ended December 31. Revenue for the three-month period ended December 31, 2016 , increased by 5.1%, or $2.1 million reaching to $43.4 million compared with $41.3 million during the three-month period ended December31,2015, mostly on the execution of the Company's diversification strategy with the acquisitions of Bowers Envelope and Durabox Paper.
EBITDA stood at $7.8 million for the three-month period ended December31,2016, compared with $8 .1million for the same period in 2015, a decrease of $0 .3million or 3.5%. EBITDA margins stood at 18% compared to 19.6% during the 4Q, mainly the result of a higher level of selling and administration expenses from a growing organization.
Net earnings increased by 22.0%, amounting to $4.6 million (or $0.16 per share) for the three-month period ended December 31, 2016, compared with $3.8 million (or $0.13 per share) for the same period in 2015.
Revenue for the year ended December 31, 2016 , increased by 12.8%, or $18.3 million , reaching $160.6 million . During the last sixteen months, the Company focused on executing its acquisition strategy to maintain a strong envelope platform in Canada, diversify into the U.S. envelope and packaging and specialty products markets.
EBITDA stood at $27.4 million (or 17.1% of revenues) for the year ended December 31, 2016, compared with $33.1 million (or 23.3% of revenues) in 2015, a decrease of $5 .7million or 17.3%. In 2015, gains on amendments to the pension and post-retirement benefits plans amounting to $5 million were recognized.
Net earnings amounted to $14.6 million (or $0.51 per share) for the year ended December 31, 2016, compared with the net earnings of $15 .9million (or $0.55 per share) for the same period in 2015, a decrease of $1.3 million or 8.4%.
Supremex Inc. is a leading North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products.
