Supremex (TSE:SXP) has released an update.
Supremex Inc., a North American envelope and packaging provider, reported a slight dip in total revenue to $69.3 million in Q2 of 2024, down 3.3% year-over-year, while maintaining stable earnings per share at $0.08. Despite the revenue decrease, the company has seen a nearly 10% increase in envelope volume and has announced cost optimization measures expected to save over $2 million annually. Additionally, Supremex continues to pay out dividends, with a declared quarterly dividend of $0.04 per common share.
For further insights into TSE:SXP stock, check out TipRanks’ Stock Analysis page.