Supremex Inc. announced its results for the 2Q ended June 30, 2015. Revenue in the 2Q 2015 grew to $33.9 million, up 10.6% from $30 .6 million in the equivalent quarter of last year. Revenue from the U.S. envelope market grew by 78.9%, while revenue from the Canadian envelope market increased by 2.9%.

Supremex announces 10.6% increase in 2Q revenue

15:23 / 七月 31, 2015

Jul 31, 2015. /Lesprom Network/. Supremex Inc. announced its results for the 2Q ended June 30, 2015. Revenue in the 2Q 2015 grew to $33.9 million, up 10.6% from $30 .6 million in the equivalent quarter of last year. Revenue from the U.S. envelope market grew by 78.9%, while revenue from the Canadian envelope market increased by 2.9%, as the company said in the press release received by Lesprom Network.

Adjusted EBITDA grew by 10.6% to $6.4 million resulting from growth experienced in the U.S. market and mix of product sold; while as a result of non-cash gain on amendment to the Company's pension plan EBITDA increased by 77.6%, to $10.3 million .

Net earnings increased by 138.2%, or $3.3 million to $5.6 million, or $0.19 per share, compared to net earnings of $2.3 million or $0.08 per share last year.

"Our strong 2Q results reflect our ability to grow in key markets while continuing to deliver operational performance," said Stewart Emerson, President and CEO of Supremex. "With important market share gains in the U.S. and progress from our value added packaging and specialty products offering, we feel good about our ability to continue delivering growth and shareholder value."

Supremex Inc. is Canada's largest manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and speciality products.

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Supremex announces 10.6% increase in 2Q revenue

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