09:38 AM EDT, 05/08/2025 (MT Newswires) -- Supremex ( SUMXF ) on Thursday fell nearly 3% after it reported a decrease in earnings for the first quarter.

The company reported adjusted net earnings per share of $0.09 compared with $0.14 per share, a year earlier, and missed the consensus estimate compiled by FactSet of $0.15. Net earnings decreased to $1.9 million compared with $5.8 million, a year-ago.

Revenue for the quarter decreased to $70.2 million, compared with $73.3 million in the same three months of 2024, and were in line with the consensus estimate compiled by FactSet of $70 million.

"Supremex ( SUMXF ) generated healthy financial results despite uncertainty caused by the threat of North American tariffs," said Supremex ( SUMXF ) Chief Executive Stewart Emerson.

Subject to approval of the TSX, the company said it intends to renew its NCIB.

The board also declared a quarterly dividend of $0.05 per common share, unchanged from the prior quarter, payable on June 20 to shareholders of record at the close of business on June 5.

Shares of the company were last seen down $0.10 at $3.69 in early morning trade on the Toronto Stock Exchange.

Price: 3.65, Change: -0.14, Percent Change: -3.69