Canada · Delayed Price · Currency is CAD Supremex Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 8.5% year-over-year to CAD 71.6 million, with adjusted EBITDA up 34% and strong free cash flow. Packaging now represents 37% of revenue, driven by folding carton and e-commerce, while envelope margins improved on operational efficiencies.
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Q1 2026 saw strong revenue and margin growth, driven by higher volumes, cost discipline, and recent acquisitions. Operational optimizations and facility consolidations are expected to yield significant annualized savings, while a robust balance sheet supports ongoing M&A and shareholder returns.
Fiscal Year 2025
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Q4 revenue rose 5.6% year-over-year, with strong gains in packaging and U.S. envelope volumes. Net debt dropped to under CAD 1 million, supporting ongoing M&A and shareholder returns. Entering 2026, the business expects continued growth as major headwinds subside.
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Q3 revenue declined year-over-year due to postal and economic headwinds, but operational improvements, accretive acquisitions, and a major sale leaseback strengthened the balance sheet. Double-digit growth in Folding Carton and E-commerce offset commercial print weakness.
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Q2 saw revenue decline and a net loss due to a one-time U.S. client volume drop and a non-cash FX loss, but packaging growth and post-quarter debt reduction via sale-leasebacks strengthened the balance sheet. Two tuck-in acquisitions and a special dividend were announced.
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Q1 2025 saw solid results amid tariff uncertainty, with envelope volumes up but revenue down due to lower average selling prices, while packaging posted its best quarter in two years. Strong free cash flow and a robust balance sheet support renewed share buybacks and targeted M&A.
Fiscal Year 2024
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Q4 2024 saw improved margins and profitability despite lower revenue, driven by operational optimization and cost-saving initiatives. Both envelope and packaging segments showed margin gains, with strong free cash flow and reduced net debt.
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Q3 2024 saw stable revenue, strong free cash flow, and improved packaging margins, despite a net loss from a large asset impairment and temporary production disruptions due to facility consolidation. Outlook remains positive with cost savings and growth initiatives underway.
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Q2 2024 saw envelope volume growth and improved packaging profitability, despite a 3.3% revenue decline. Cost-saving initiatives and US market gains supported strong free cash flow, debt reduction, and share buybacks, with a positive outlook for the second half.