Strong Financial Position
Completed a sale leaseback of two owned properties grossing $53 million, significantly strengthening the financial position. Net debt was reduced to $89 million, providing excellent flexibility for future strategies.
Special Dividend to Shareholders
Shareholders received a $0.50 per share special dividend in addition to the regular $0.05 quarterly payout, showcasing the company's commitment to returning value to shareholders.
Successful Acquisition Strategy
Acquired Enveloppe Laurentide and Trans-Graphique, resulting in improved absorption, significant synergies, and contributing to double-digit growth in folding carton and e-commerce solutions.
U.S. Envelope Business Growth
Despite challenges, net of the impact of one customer, U.S. units and revenue are up mid- to high single-digit percentages.