Wall Street expects a year-over-year increase in earnings on higher revenues when Cimpress (CMPR) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 31. O ...

Cimpress PLC (NASDAQ:CMPR) Q1 2024 Earnings Conference Call October 26, 2023 8:00 AM ET Company Participants Meredith Burns - VP, IR Robert Keane - Founder, Chairman and CEO Sean Quinn - EVP and CFO Conference Call Participants Operator Welcome to the Cimpress Q1 Fiscal Year 2024 Earnings Call. I will introduce Meredith Burns, Vice President of Investor Relations and Sustainability. Meredith Burns Thank you, Tanya, and thank you, everyone, for joining us. With us today are Robert Keane, our Founder, Chairma ...

Revenue and Income - Revenue increased by 8% to $757.3 million compared to the same period last year[188] - Operating income rose by $52.1 million to $34.1 million[189] - Total revenue for the Vista segment grew year over year across all product categories, with the fastest growth in promotional products, apparel, and gifts[190] - Vista reported revenue growth of 15% for the three months ended September 30, 2023, with constant-currency revenue growth at 6%[228] - PrintBrothers' reported revenue for the same period was $152,221,000, reflecting a 15% increase year-over-year, with a constant-currency growth of 6%[230] - The Print Group's revenue was $80,539,000, a 5% increase, impacted by an 8% currency effect, with a constant-currency decline of 3%[232] Cash Flow and Operations - Cash from operations increased by $67.5 million year over year, primarily due to increased net income and favorable working capital shifts[192] - Net cash provided by operating activities was $42.3 million, a significant improvement from a net cash used of $25.3 million in the prior year[216] - Adjusted free cash flow for the current quarter was $10.928 million, a recovery from a negative $52.217 million in the same quarter of the previous year[271] - Cash outflows included $22.6 million in capital expenditures primarily for manufacturing and automation equipment[239] EBITDA and Margins - Adjusted EBITDA increased year over year, although partially offset by a $3.5 million unfavorable currency impact[191] - Segment EBITDA for Vista increased by $43.7 million, driven by gross profit growth and cost reduction actions, resulting in a gross margin improvement[229] - PrintBrothers' segment EBITDA grew by 11% to $13,608,000, benefiting from gross margin expansion and operating expense efficiencies[231] - Adjusted EBITDA for the three months ended September 30, 2023, was $88.736 million, compared to $45.595 million for the same period in 2022, representing a significant increase[271] Expenses and Costs - Marketing and selling expenses decreased by $8.7 million, attributed to lower compensation costs and reduced advertising spend[198] - Central and corporate costs decreased by $2.8 million due to lower compensation costs and reduced consulting expenses[238] Debt and Financial Position - At September 30, 2023, the company had $125.2 million in cash and cash equivalents and $1,621.0 million in debt[217] - As of September 30, 2023, the company had $1,087.4 million in variable-rate debt, exposing it to interest rate risk[250] - The company’s $527.1 million 2026 Notes bear interest at a rate of 7.0% per annum, with interest payments made semi-annually[265] Tax and Uncertain Positions - The effective tax rate for the quarter was 64.0%, compared to (60.9)% in the prior year[203] - The company has uncertain tax positions amounting to $9.1 million as of September 30, 2023, which are excluded from contractual obligations due to timing uncertainties[263] Capital Management and Leverage - The company expects to continue reducing net leverage through fiscal year 2024 while maintaining flexibility for capital deployment[219] - The company revised its definition of adjusted free cash flow to include proceeds from the sale of assets, providing a clearer picture of net cash deployed for capital asset purchases[269] Currency Exposure - The most significant net currency exposures by volume are in the Euro and British Pound, with hedging objectives aimed at reducing volatility in forecasted U.S. dollar-equivalent adjusted EBITDA[273] - A hypothetical 100 basis point increase in interest rates would result in an $8.6 million impact to interest expense over the next 12 months[250] Other Financial Metrics - Undistributed earnings from subsidiaries considered indefinitely reinvested amounted to $70.0 million as of September 30, 2023[241] - Proceeds from the sale of assets amounted to $5.6 million, primarily from the sale of the Japanese manufacturing facility[260] - Total outflow from net working capital was $6.6 million, mainly due to unfavorable changes in accounts payable[261] - The aggregate carrying value of leased equipment under finance leases was $28.7 million, with a present value of lease installments not yet due amounting to $37.8 million[266] - The company does not believe there is a material exposure to interest rate fluctuations related to cash and cash equivalents held for working capital purposes[272]

8. Goodwill and Acquired Intangible Assets Our goodwill accounting policy establishes an annual goodwill impairment test date of May 31. We identified ten reporting units with goodwill individually. We considered the timing of our most recent fiscal year 2022 fair value assessments, associated headroom, actual operating results as compared to the forecasts used to assess fair value, the current long-term forecasts for each reporting unit, and the general economic environment of each reporting unit. After pe ...

Cimpress PLC (NASDAQ:CMPR) Q4 2023 Earnings Conference Call July 27, 2023 8:00 AM ET Company Participants Meredith Burns - VP, IR Robert Keane - Founder, Chairman & CEO Sean Quinn - EVP & CFO Conference Call Participants Operator Welcome to the Cimpress Quarter for Fiscal Year 2023 Earnings Call. I'd like to introduce Meredith Burns, Vice President of Investor Relations and Sustainability. Meredith Burns Thank you, Abigail, and thank you, everyone, for joining us. With us today are Robert Keane, our Founder ...

Cimpress plc (NASDAQ:CMPR) Q3 2023 Earnings Conference Call April 27, 2023 8:00 AM ET Company Participants Meredith Burns - Vice President of Investor Relations Sean Quinn - Executive Vice President & Chief Financial Officer Robert Keane - Founder, Chairman & Chief Executive Officer Conference Call Participants Operator Good day ladies and gentlemen and thank you for standing by. Welcome to the Cimpress Third Quarter Fiscal Year 2023 Earnings Call. I will introduce Meredith Burns, Vice President of Investor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-51539 _________________________________ Cimpress plc (Exact Name of Registrant as Specified in ...

Cimpress plc (NASDAQ:CMPR) Q2 2023 Earnings Conference Call January 26, 2023 8:00 AM ET Company Participants Meredith Burns – Vice President-Investor Relations Robert Keane – Founder, Chairman and Chief Executive Officer Sean Quinn – Executive Vice President and Chief Financial Officer Conference Call Participants Operator Welcome to the Cimpress Second Quarter Fiscal Year 2023 Earnings Call. I would now introduce Meredith Burns, Vice President of Investor Relations and Sustainability. Please go ahead. Mere ...

Revenue Performance - Total external revenue for the six months ended December 31, 2022, was $1,548,617, compared to $1,507,315 for the same period in 2021[164] - North America contributed $765,518 to total external revenue for the six months ended December 31, 2022, while Europe contributed $698,136[165] - The Print Group segment reported revenue of $166,159 for the six months ended December 31, 2022, compared to $162,950 in the same period in 2021[164] - National Pen segment revenue was $202,287 for the six months ended December 31, 2022, up from $193,981 in the same period in 2021[164] - All Other Businesses segment revenue increased to $111,825 for the six months ended December 31, 2022, from $105,590 in the same period in 2021[164] - Constant-currency revenue increased by 10% (9% excluding acquired companies) for the twelve months ended December 31, 2022[178] - Revenue increased by 3% to $1,548.6 million for the twelve months ended December 31, 2022[150] - Total revenue for the three months ended December 31, 2022, was $845.2 million, a 1% decrease year over year, with constant-currency revenue growth of 6%[183] - Reported revenue for the three months ended December 31, 2022 was flat year over year at $89.3 million, with a 1% decrease compared to the prior year period[205][228] - Constant-currency revenue growth for the Print Group was 11% and 17% for the three and six months ended December 31, 2022, respectively, driven by price increases to address inflationary costs[228] - All Other Businesses' constant-currency revenue growth was 3% and 6% for the three and six months ended December 31, 2022, respectively, with BuildASign's signage products growing at double-digit rates[231] - National Pen's revenue for the three months ended December 31, 2022, was $120.6 million, a 3% decrease compared to $124.7 million in the same period in 2021[252] - National Pen's revenue for the six months ended December 31, 2022, was $202.3 million, a 4% increase compared to $194.0 million in the same period in 2021[252] - National Pen's constant-currency revenue growth for the three and six months ended December 31, 2022, was 3% and 11%, respectively, driven by price increases and volume growth in new product categories[252] - Revenue remained flat at $845.2 million for the three months ended December 31, 2022[299] - Vista's organic constant-currency revenue growth was 2% and 5% for the three and six months ended December 31, 2022, respectively[197] - Total external revenue for the three months ended December 31, 2022, was $845.2 million, with North America contributing $406.3 million, Europe $395.3 million, and Other regions $43.6 million[25] Segment Performance - The Print Group segment reported revenue of $166,159 for the six months ended December 31, 2022, compared to $162,950 in the same period in 2021[164] - National Pen segment revenue was $202,287 for the six months ended December 31, 2022, up from $193,981 in the same period in 2021[164] - All Other Businesses segment revenue increased to $111,825 for the six months ended December 31, 2022, from $105,590 in the same period in 2021[164] - Vista's segment EBITDA declined by $35.6 million for the three months and $71.8 million for the six months ended December 31, 2022, due to cost inflation and unfavorable product mix[224] - PrintBrothers' constant-currency revenue growth was 20% for the three months and 22% for the six months ended December 31, 2022, driven by new products and price increases[226] - The Print Group's segment EBITDA decreased by 16% for both the three and six months ended December 31, 2022, negatively impacted by currency exchange fluctuations of $1.7 million and $3.9 million, respectively[228][229] - National Pen's segment EBITDA for the three months ended December 31, 2022, was $24.8 million, a 22% decrease compared to $31.6 million in the same period in 2021[252] - National Pen's segment EBITDA for the six months ended December 31, 2022, was $23.5 million, flat compared to $23.6 million in the same period in 2021[252] - National Pen's segment EBITDA was negatively impacted by $5.2 million and $5.4 million for the three and six months ended December 31, 2022, respectively, due to currency impacts[253] - Consolidated segment EBITDA decreased by 39% and 46% for the three and six months ended December 31, 2022, respectively, with segment EBITDA as a percentage of revenue declining from 20% to 13% and 11%[246] Financial Position and Debt - The company's long-lived assets totaled $490,668 as of December 31, 2022, with the United States holding the largest portion at $83,937[169] - The company's Term Loan B consists of a $795,000 tranche and a €300,000 tranche, with interest rates tied to LIBOR and EURIBOR, respectively[122] - The Revolving Credit Facility has a $250,000 limit with interest rates ranging from LIBOR plus 2.50% to 3.00% depending on the company's First Lien Leverage Ratio[122] - The company's First Lien Leverage Ratio must not exceed 3.25 to 1.00 if any loans under the Revolving Credit Facility are outstanding on the last day of any fiscal quarter[152] - Total debt outstanding, net, was $1,689,277 as of December 31, 2022, with long-term debt at $1,679,059[151] - The company had $111.3 million of cash and cash equivalents, $102.2 million of marketable securities, and $1,707.0 million of debt as of December 31, 2022[259] - The company's Credit Agreement has $243.7 million unused as of December 31, 2022[240] - As of December 31, 2022, the carrying value of the company's debt was $1,706,972, with a fair value of $1,530,471, determined using Level 2 inputs under the fair value hierarchy[3] Expenses and Costs - Technology and development expenses increased by $7.5 million (11%) for the three months ended December 31, 2022, driven by higher customer demand and compensation costs[187][188] - General and administrative expenses increased by $3.1 million (7%) for the three months ended December 31, 2022, due to higher headcount and inflation-adjusted merit cycles[190] - Restructuring expenses surged to $11,207 for the three months ended December 31, 2022, a 3,550% increase compared to the prior year period[187] - Interest expense, net, increased by $3.2 million for the three months ended December 31, 2022, primarily due to a $2.1 million accretion adjustment[193] - Cost of revenue increased by $31.5 million for the three months and $70.2 million for the six months ended December 31, 2022, primarily due to global supply chain challenges[186] - Operating expenses increased by $6.1 million for the three months and $10.6 million for the six months ended December 31, 2022, due to growth investments and inflation-adjusted merit increases[198] - Vista's advertising expense increased by $3.5 million for the three months and $23.5 million for the six months ended December 31, 2022, driven by higher mid- and upper-funnel advertising[224] - Marketing and selling expenses decreased by $3.5 million for the three months ended December 31, 2022, but increased by $22.8 million for the six months ended December 31, 2022, primarily due to higher advertising spend[215] - Central and corporate costs increased by $0.9 million and $0.5 million for the three and six months ended December 31, 2022, respectively, due to compensation increases and volume-related technology costs[235] - Cost of revenue increased to $455.4 million (53.9% of revenue) for the three months ended December 31, 2022, up from $423.9 million (49.9% of revenue) in the prior year[211] - Restructuring charges of $10.9 million were recognized, primarily related to exiting businesses in Japan and China[296] Cash Flow and Liquidity - Cash from operations decreased by $124.0 million year over year, with $77.6 million attributed to decreased working capital cash flows[181] - Net cash provided by operating activities for the six months ended December 31, 2022 was $55.9 million, a significant decrease from $179.9 million in the prior year period[257] - Adjusted free cash flow decreased year over year by $121.1 million for the six months ended December 31, 2022[208] - Total purchases of property, plant, and equipment decreased to $14.7 million for the three months ended December 31, 2022, down from $17.9 million in the prior year[298] Taxes and Valuation Allowances - Diluted net loss per share increased due to a $108.8 million income tax expense, driven by a valuation allowance against Swiss deferred tax assets[206] - Income tax expense increased due to a $116.7 million valuation allowance on Swiss deferred tax assets[220] - The company's effective tax rate was (1,016.3)% and (487.6)% for the three and six months ended December 31, 2022, respectively, compared to 23.6% and 34.3% in the prior year periods[243] Commitments and Obligations - Unrecorded commitments under contract totaled $235,619 as of December 31, 2022, including $87,452 for third-party cloud services and $69,588 for inventory and digital service purchases[170] - Total contractual obligations as of December 31, 2022, amounted to $2.59 billion, with $304.4 million due within one year[238] - The company had unrecorded purchase commitments of $235.6 million as of December 31, 2022, including $87.5 million for third-party cloud services and $69.6 million for inventory and fulfillment[239] Currency and Exchange Rates - Constant-currency revenue increased by 10% (9% excluding acquired companies) for the twelve months ended December 31, 2022[178] - Total revenue for the three months ended December 31, 2022, was $845.2 million, a 1% decrease year over year, with constant-currency revenue growth of 6%[183] - Constant-currency revenue growth for the Print Group was 11% and 17% for the three and six months ended December 31, 2022, respectively, driven by price increases to address inflationary costs[228] - All Other Businesses' constant-currency revenue growth was 3% and 6% for the three and six months ended December 31, 2022, respectively, with BuildASign's signage products growing at double-digit rates[231] - National Pen's constant-currency revenue growth for the three and six months ended December 31, 2022, was 3% and 11%, respectively, driven by price increases and volume growth in new product categories[252] - Adjusted EBITDA decreased year over year, with a currency benefit of approximately $6.5 million for the three months ended December 31, 2022[179] - A hypothetical 10% decrease in currency exchange rates would have resulted in a $10.5 million impact on income before taxes for the three months ended December 31, 2022[290] - Currency-related gains, net, were $6.2 million for the three months ended December 31, 2022, up from $5.6 million in the prior year[192] Investments and Fair Value - The company purchased an additional 10% to 11% equity interests in three PrintBrothers businesses for a total of $90,841 during the second quarter of fiscal year 2023[156] - The company holds investments classified as held-to-maturity, primarily in U.S. Treasury securities and U.S. government agency securities, with maturities of two years or less[8] - The company applied the transition guidance from ASU 2022-06 to its two Term SOFR interest rate swap contracts, with no material impact on consolidated financial statements[15] - There were no significant transfers in or out of Level 1, Level 2, and Level 3 classifications during the six months ended December 31, 2022[1] - The company uses a three-level valuation hierarchy for measuring fair value, with Level 1 being quoted prices in active markets, Level 2 including observable inputs, and Level 3 involving unobservable inputs[18] Other Financial Metrics - The company recognized a liability of $6,838 as of December 31, 2022, related to deferred payments for acquisitions, primarily for Depositphotos[171] - The company estimates that $8,207 will be reclassified from accumulated other comprehensive loss to interest expense, net during the twelve months ending December 31, 2023[23] - Weighted average shares outstanding, basic for the three months ended December 31, 2022, was 26,234,747, compared to 26,096,786 for the same period in 2021[14]

. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-51539 _________________________________ Cimpress plc (Exact Name of Registrant as Specif ...