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Supremex Inc. (TSE:SXP)
:SXP
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.09Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: -12.06%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of achievements and challenges for Supremex in Q3 2024. While there were notable improvements in the packaging segment and effective facility consolidations leading to operational efficiencies, the company faced significant challenges with a decline in envelope revenue and a substantial asset impairment charge. The strategic initiatives, including debt reduction and a dividend increase, highlight positive steps forward, but these were offset by restructuring costs and a decline in overall EBITDA.Company Guidance
During the Supremex, Inc. Q3 2024 earnings call, management provided guidance indicating strong performance and strategic initiatives to enhance future growth. The quarter saw envelope volume increase for the second consecutive quarter, despite a slight decrease in revenue due to lower average selling prices. The envelope adjusted EBITDA margin was close to 17%, slightly lower than the previous year but sequentially higher than Q2. Supremex also reported solid free cash flow generation, aiding debt reduction and share buybacks. The packaging segment experienced improved sales and EBITDA, driven by e-commerce demand and efficiency initiatives. Supremex plans a sale-leaseback transaction for two properties, aiming to unlock significant value, with the appraised value of these properties at $57 million compared to a net book value of $9 million. The company anticipates annual cost savings of over $2 million from ongoing consolidation efforts, setting a robust foundation for future growth.Packaging Revenue Growth
Packaging and specialty products revenue increased to $21.9 million from $20.5 million last year, driven by higher demand from e-commerce-related packaging solutions.
U.S. Envelope Volume Growth
The U.S. envelope business saw a 6.6% volume increase, with the assets of Forest Envelope acquired in May contributing to this growth.
Successful Facility Consolidation
The consolidation of facilities in Toronto is on track, with significant progress made in moving and recommissioning equipment, leading to a 25% increase in units produced in October compared to September.
Strong Free Cash Flow
Free cash flow remained strong at $7.4 million for the quarter, and over the last 12 months, Supremex generated more than $38 million in free cash flow, representing a yield of over 35%.
Debt Reduction and Dividend Increase
Net debt was reduced by over $4 million in the last 3 months. The company increased the quarterly dividend by 25% to $0.05 per common share.
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TSE:SXP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | C$4.23 | C$3.96 | -6.38% |
| Aug 08, 2024 | C$3.90 | C$3.66 | -6.15% |
| May 08, 2024 | C$4.00 | C$3.79 | -5.25% |
| Feb 22, 2024 | C$4.11 | C$3.71 | -9.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Supremex Inc. (TSE:SXP) report earnings?
Supremex Inc. (TSE:SXP) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Supremex Inc. (TSE:SXP) earnings time?
Supremex Inc. (TSE:SXP) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SXP EPS forecast?
TSE:SXP EPS forecast for the fiscal quarter 2024 (Q4) is 0.14.
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