Supremex Inc. announced its results for the Q3 ended September 30, 2022. Total revenue for the Q3 2022 was $67.9 million, an increase of $13.1 million, or 23.9%, from the equivalent quarter of 2021.
Q3 2022 EBITDA was $15.1 million, up from $8.7 million, in the Q3 last year. Adjusted EBITDA amounted to $15.5 million, or 22.8% of revenue, compared to $8.7 million, or 15.9% of revenue, a year earlier. These increases resulted from higher sales volume and selling prices.
“Supremex once again generated record results in terms of sales and profitability. We are delighted with our team’s ability to sustain significant operating progress, as the third quarter was the eleventh straight period of year-over-year improvement in Adjusted EBITDA. As consolidated revenue grew nearly 24% over last year, strong profitability gains in both segments drove a significant improvement in Net Earnings per share that more than doubled from the previous year,” said Stewart Emerson, President & CEO of Supremex.
Total revenue for the nine-month period ended September 30, 2022, was $193.7 million, an increase of $33.5 million, or 20.9%, from the equivalent period of 2021.
EBITDA was $41.0 million, up from $26.7 million in the first nine months last year. Adjusted EBITDA was $41.5 million, or 21.4% of revenue, compared to $26.8 million, or 16.7% of revenue, in the first nine months of 2021.
Net earnings were $21.8 million, or $0.83 per share, for the nine-month period ended September 30, 2022, compared to $10.9 million, or $0.40 per share, for the equivalent period last year.
Adjusted net earnings amounted to $22.1 million, or $0.84 per share, for the nine-month period ended September 30, 2022, compared to $11.0 million, or $0.40 per share, for the equivalent period in 2021.
Supremex Inc. is a leading North American manufacturer and marketer of envelopes and a growing provider of paper-based packaging solutions.
