The packaging firm reported stronger-than-expected earnings and a 33.9% jump in adjusted EBITDA for the quarter.
Supremex posted Q2 GAAP earnings per share of $0.04 as revenue climbed to $71.6 million, exceeding expectations by $20.26 million. The results reflect broad-based growth across segments.
Packaging & Specialty Products revenue rose 19.0% year-over-year to $26.4 million, while the Envelope segment increased 3.2% to $45.2 million. Adjusted EBITDA reached $7.8 million, or 10.9% of revenue, up from $5.8 million last year.
The company did not disclose immediate market reactions to the earnings release.