Core Viewpoint - Cimpress plc (CMPR) reported second-quarter fiscal 2025 adjusted earnings of $2.36 per share, missing the Zacks Consensus Estimate of $2.40, but showing an increase from $2.14 per share in the same quarter last year [1] Financial Performance - Total revenues for the quarter were $939.2 million, a 1.9% increase from $921.4 million in the year-ago quarter, but below the Zacks Consensus Estimate of $964 million [2] - Organic constant-currency revenue growth was 2% year over year, driven by growth across all business segments [2] Segmental Information - The National Pen segment generated revenues of $131.4 million, up from $130.1 million in the year-ago quarter, but below the estimate of $133.6 million [3] - Vista, the largest revenue-generating segment, reported revenues of $497.7 million compared to $485.4 million in the year-ago quarter, missing the estimate of $517.9 million [3] - The Upload and Print segment's revenues increased to $273.1 million from $257.7 million in the year-ago quarter, slightly below the estimate of $175.7 million for PrintBrothers and $93.8 million for The Print Group [4] - Revenues from All Other Businesses were $60.3 million compared to $59.8 million reported a year ago, missing the estimate of $61.7 million [5] Margin and Cost Analysis - Cost of revenues was $489.3 million, up 5.6% year over year, while marketing and selling expenses totaled $223.9 million, up 5.7% year over year [6] - Gross profit decreased 1.7% year over year to $450 million, with a margin of 48%, down 200 basis points year over year [7] - Adjusted EBITDA fell 20.7% year over year to $132.3 million [7] Balance Sheet and Cash Flow - As of December 31, 2024, Cimpress had $224.4 million in cash and cash equivalents, up from $203.8 million at the end of the previous quarter [8] - Long-term debt was $1.58 billion, slightly down from the previous quarter [8] - Net cash provided by operating activities was $176.5 million compared to $175 million in the year-ago quarter, with share repurchases worth $42.4 million during the quarter [9] Outlook - For fiscal 2025, Cimpress expects revenues to increase at least 3% on a reported basis and 4% on an organic constant-currency basis [10] - Operating income is expected to be at least $233.9 million, indicating about a 5% decrease year over year [10] - Adjusted EBITDA is projected to be at least $440 million, with anticipated cash from operating activities of a minimum of $289 million and free cash flow (adjusted) of at least $157 million [11] - The company aims to reduce net leverage, hoping to exit fiscal 2025 with a net leverage of 3.0x trailing-12-month EBITDA [11]

Company Performance - Cimpress reported quarterly earnings of $2.36 per share, missing the Zacks Consensus Estimate of $2.40 per share, but showing an increase from $2.14 per share a year ago, representing an earnings surprise of -1.67% [1] - The company posted revenues of $939.16 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.57%, and an increase from $921.36 million year-over-year [2] - Over the last four quarters, Cimpress has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Outlook - Cimpress shares have increased by approximately 1.6% since the beginning of the year, compared to the S&P 500's gain of 3.2% [3] - The company's earnings outlook, including current consensus earnings expectations for upcoming quarters, will be crucial for investors [4] - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $822.71 million, and for the current fiscal year, it is $4.06 on revenues of $3.47 billion [7] Industry Context - The Consumer Services - Miscellaneous industry, to which Cimpress belongs, is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Cimpress's stock performance [5][6]

Financial Performance - Consolidated revenue in Q2 FY2025 decreased year-over-year, primarily due to underperformance in the U.S. market, with a notable impact from a Canadian postal strike estimated to have reduced revenue by $3 million[5][8] - Adjusted EBITDA for Q2 FY2025 decreased by $34.2 million year-over-year to $132.3 million, while operating income fell by $26.7 million to $80.9 million[6] - Total revenue for Q2 FY2025 reached $939.159 million, reflecting a 2% increase compared to Q2 FY2024[27] - Revenue for Q2 FY2025 was $939.2 million, a year-over-year increase from $921.4 million in Q2 FY2024, representing a growth of 1%[119] - Net income attributable to Cimpress plc for Q2 FY2025 was $61.1 million, compared to $58.1 million in Q2 FY2024, reflecting an increase of 5%[119] - Income from operations for Q2 FY2025 was $80.949 million, with an operating margin of 9%[27] - The company experienced a decline in adjusted EBITDA year-over-year growth of 14% for FY2025[29] - Reported revenue growth for YTD FY2025 is 4%, compared to 8% for YTD FY2024[27] Cash Flow and Capital Expenditures - Operating cash flow increased by $1.6 million year-over-year to $176.5 million, attributed to lower cash interest expenses and higher inflows from working capital[6] - Net cash provided by operating activities for Q2 FY2025 was $176.519 million, showing strong seasonal inflows from working capital[30] - Adjusted free cash flow for Q2 FY2025 is expected to be at least $133.522 million, including approximately $26 million in capital expenditures and $16.7 million in capitalized software expenses[31] - Total capital expenditures for the company were $125 million for the trailing twelve months (TTM)[61] - Net cash provided by operating activities in Q2 FY24 was $174.9 million, a substantial increase from $81.1 million in Q2 FY23[151] Segment Performance - Total revenue for the VISTA segment reached $498 million, reflecting a 14% year-over-year growth[69] - Gross profit for the VISTA segment was $278 million, with a gross margin of 56%[70] - Segment EBITDA for VISTA was $108 million, resulting in a segment EBITDA margin of 22%[72] - National Pen segment revenue was $131 million, showing a 12% growth compared to the previous year[80] - Organic constant-currency revenue growth for National Pen was 14%[84] - Print Group revenue amounted to $175 million, with a reported revenue growth of 16%[77] Future Projections - The company plans to achieve at least 3% revenue growth on a reported basis and 4% on an organic constant-currency basis for FY2025[22] - Operating income for H2 FY2025 is projected to be at least $113.7 million, representing a 7% increase over H2 FY2024[22] - Adjusted EBITDA for H2 FY2025 is projected to be at least $220 million, representing a minimum increase of 3% over H2 FY2024[26] - The company anticipates a revenue growth in constant currency of 13% for Q1 FY2025[129] - The company expects organic constant-currency revenue growth of 4% for FY2025[161] - The company anticipates a reported revenue growth of at least 3% for H2 FY2025[161] Shareholder Actions - The company repurchased 533,868 shares for $42.4 million during Q2 FY2025, bringing the year-to-date total to 657,193 shares for $53.0 million[6] Operational Strategy - The company is expanding its production capabilities in higher-growth product categories, including packaging and promotional products, which have strong revenue growth potential[18] - Pixartprinting will open a new Upload & Print production facility in the U.S. in Q4 FY2025, leveraging its European experience and enhancing cross-Cimpress fulfillment capabilities[20] - The company emphasizes the importance of leveraging artificial intelligence to improve operational efficiency and competitive positioning[171] - The company is focused on mass customization as a competitive strategy to meet individual customer needs efficiently[169] Risks and Cautions - There are potential risks related to supply chain constraints, inflation, and geopolitical events that may impact future performance[172] - The company will not update forward-looking statements unless significant changes occur, indicating a cautious approach to future projections[173]

Cimpress plc (CMPR) is poised to gain from strength across its Vista, National Pen and Upload & Print segments. The company's effective cost-control measures add to its appeal.Cimpress is an online provider of premium graphic design services and personalized printed products, catering to small businesses and consumers. The company’s product range includes business cards, brochures, websites, e-commerce platforms, calendars, address labels, notepads, signage and others.CMPR currently carries a Zacks Rank #3 ...

It has been about a month since the last earnings report for Cimpress (CMPR) . Shares have added about 16.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Cimpress due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Cimpress' Q1 Earnings Miss Estimates, Revenues Inc ...

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, 2024 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 Specifie ...

Is Cimpress a bargain buy now? The print-to-ship specialist's stock took a deep dive after the company reported mixed results in Q1 2025.Shares of Cimpress (CMPR -9.36%) had a bad day on Thursday. The company behind print-on-demand services such as VistaPrint, Printi, and BuildASign reported mixed results on Wednesday evening. The stock opened Thursday's trading 23.8% lower, though it recovered to a total drop of 9.3% by the end of the day.Cimpress' Q1 2025 by the numbersFor the first quarter of fiscal year ...

Financial Data and Key Metrics - Consolidated revenue grew 6% on both a reported basis and an organic constant-currency basis [15] - Adjusted EBITDA declined slightly year-over-year in Q1 to $88 million, inclusive of currency headwinds of just under $1 million [16] - Free cash flow was lower year-over-year, driven by higher outflows from changes in working capital and increased cash interest payments of $10.6 million due to senior notes refinancing [21][22] - The company repurchased $168 million worth of shares, representing about 8% of its shares, over the last three quarters, and an additional $9 million in October [24][25] Business Line Data and Key Metrics - Segment EBITDA increased in Upload & Print, National Pen, and the "all other businesses" segment, with higher gross margins across the board [18] - Vista's organic constant-currency revenue growth was strong at 8%, with Europe performing well across the board, while North America saw a slight decline in Business Cards revenue [18][19] - Advertising spend for Vista grew about 12% year-over-year, impacting the flow-through in Q1 [20] - The company is seeing strong growth in packaging and logo apparel, with growth rates exceeding 25% annually [8] Market Data and Key Metrics - The company is experiencing growth in Europe and solid revenue growth in North America, though with some headwinds in Business Cards [19] - The holiday peak season is approaching, with five fewer selling days between American Thanksgiving and Christmas compared to last year, which could dampen demand [26] - The U S Election is also expected to impact demand during the holiday season [26] Company Strategy and Industry Competition - The company is focused on improving customer experience, driving efficiency, and growing lifetime customer value through more complex products and customer experience improvements [6][7][8] - Vista is repositioning itself away from a discount-driven brand image, focusing on high-value customers and modern technology infrastructure [9] - The company is leveraging cross-Cimpress fulfillment to accelerate new product introductions and reduce production costs [61][62] - The company is investing in new product categories like flexible packaging and corrugated packaging, which are growing at over 25% annually [8] Management Commentary on Operating Environment and Future Outlook - The company remains confident in its ability to deliver growth in revenue, adjusted EBITDA, and free cash flow, despite slight declines in Q1 [16] - Management expects currency impacts on adjusted EBITDA to be approximately neutral for the full fiscal year [47] - The company plans to continue share repurchases if prices remain attractive, while maintaining a leverage target of 2.75 times EBITDA or below [25][35] Other Important Information - The company successfully completed a high-yield notes offering, extending its debt maturity profile and strengthening its balance sheet [23] - The company is allocating capital to significant organic investments, including technology, talent, and new product introductions [24] - The company is focusing on operational consistency and long-term strategic investments, rather than reacting to short-term market fluctuations [37][38] Q&A Session Summary Question: What makes the company confident in making high levels of growth investments and share repurchases? - The company is confident due to strong financial results, including $10 in adjusted free cash flow per diluted share in the last fiscal year, and a robust cash flow per share relative to the share price [30][31] - The company is operating within a clearly communicated leverage policy and has a track record of deleveraging when needed [33] Question: Will the attractive share price impact investment priorities given the leverage constraint? - The company plans to take advantage of the current share price opportunity, potentially investing over $100 million in share repurchases this fiscal year, while maintaining its leverage target [35] - The company will continue to prioritize operational consistency and long-term strategic investments, though it will consider trade-offs in CapEx, OpEx, and advertising [36][37] Question: What drove the $18 million quarter-over-quarter swing in other income/expense? - The swing was primarily driven by realized and unrealized currency gains and losses, with realized losses on currency hedges impacting adjusted EBITDA and cash flow [41][44] Question: What caused the large use of cash in payables last quarter? - The use of cash was driven by timing differences, inventory ramp-up for the holiday season, and specific supplier-related factors, such as changes in technology contract terms [49][54][55] Question: Will CapEx investments planned for 2025 still happen? - The company expects CapEx investments to occur later in the year, with some fluctuations due to testing and payment terms for capital equipment [57][58] Question: Why did BuildASign sales not increase materially due to the election cycle? - The election cycle had a positive but modest impact on signage revenue, which was partially offset by declines in home decor product sales [60] - Intersegment revenue growth was driven by successful cross-Cimpress fulfillment between Vista and BuildASign [61][62] Question: Can the modest decline in business cards and consumer products be reversed? - The company expects flat revenues in these categories, with growth in newer categories like signage, marketing materials, and packaging driving overall growth [66][67] - The company is focusing on improving customer experiences and product ranges to protect profitability in these mature categories [68]

Cimpress plc (CMPR) reported first-quarter fiscal 2025 (ended Sept. 30, 2024) adjusted loss of 50 cents per share in contrast to the Zacks Consensus Estimate of earnings of 30 cents per share. The company had reported adjusted earnings of 17 cents per share in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.CMPR’s Top-Line DetailsTotal revenues were $805 million, reflecting an increase of 6% from $757.3 million in the year-ago quarter. The organic constant-curre ...

Cimpress (CMPR) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of $0.30. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -266.67%. A quarter ago, it was expected that this marketing materials maker would post earnings of $0.77 per share when it actually produced earnings of $4.33, delivering a surprise of 462.34%. Over the last four quarters, the compan ...