SUMXF - Supremex Non-GAAP EPS of $0.31 revenue of $78.8M beats by $19.98M

• Supremex press release ( OTCPK:SUMXF ): Q4 Non-GAAP EPS of $0.31, vs. $0.31 last year.
• Revenue of $78.8M (+19.0% Y/Y) beats by $19.98M .

• Driven by solid demand for its products and a robust backlog, Supremex is operating at high-capacity levels given its current labour force. With proactive sourcing and a solid reputation in the marketplace, the Company has the ability to secure raw material in the event of shortages, as occurred until recently, and it also demonstrated it can successfully pass through cost inflation. Entering 2023, market conditions in the supply chain have returned to more normal levels.

• In terms of capital deployment for 2023, the Company expects to invest in capital expenditures and continue paying quarterly dividends. The Company will also continue to look for strategic acquisitions, mainly in the Packaging and specialty products segment.

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