Overview

* Supremex ( SUMXF ) Q2 revenue falls to C$66.0 mln, missing analyst expectations

* Company reports net loss of C$0.3 mln, compared to net earnings last year

* Supremex ( SUMXF ) renews NCIB, plans to repurchase up to 10% of public float

Result Drivers

* ENVELOPE DECLINE - Revenue in envelope segment fell due to decreased volume from a major U.S. customer and pricing pressures

* PACKAGING GROWTH - Packaging segment revenue rose due to higher demand and new business wins

* FOREIGN EXCHANGE LOSS - Non-cash foreign exchange loss impacted profitability, overshadowing cost reduction efforts

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss C$65.96 C$70.10

Revenue mln mln (1

Analyst)

Q2 C$0.14

Adjusted (1

EPS Analyst)

Q2 C$75,000

Adjusted

Net

Income

Q2 C$5.83

Adjusted mln

EBITDA

Q2 8.8%

Adjusted

EBITDA

Margin

Q2 C$692,00

Operatin 0

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the paper products peer group is "buy"

* Wall Street's median 12-month price target for Supremex Inc ( SUMXF ) is C$5.00, about 15.8% above its August 6 closing price of C$4.21

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)