Cimpress(CMPR)
Search documents
Cimpress (CMPR) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2025-04-30 23:21
Financial Performance - Cimpress reported a quarterly loss of $0.33 per share, which was worse than the Zacks Consensus Estimate of $0.55, and compared to a loss of $0.15 per share a year ago, indicating a significant earnings surprise of -160% [1] - The company posted revenues of $789.47 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.03%, and showing a slight increase from year-ago revenues of $780.59 million [2] - Over the last four quarters, Cimpress has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once as well [2] Stock Performance - Cimpress shares have declined approximately 40.5% since the beginning of the year, in contrast to the S&P 500's decline of -5.5% [3] - The current Zacks Rank for Cimpress is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $853.26 million, and for the current fiscal year, it is $3.59 on revenues of $3.4 billion [7] - The estimate revisions trend for Cimpress is mixed, and future earnings expectations will largely depend on management's commentary during the earnings call [3][4] Industry Context - The Consumer Services - Miscellaneous industry, to which Cimpress belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Cimpress(CMPR) - 2025 Q3 - Earnings Call Transcript
2025-04-30 21:07
Financial Data and Key Metrics Changes - Consolidated revenue grew by 1% on a reported basis and 3% on an organic constant currency basis [12] - Adjusted EBITDA declined by $3.5 million year over year, impacted by a $2.6 million impairment charge related to a planned sale [15][16] - Gross profit would have increased modestly if not for the impairment charge and preproduction startup costs [16] Business Line Data and Key Metrics Changes - Key growth categories such as promotional products, signage, packaging, and labels grew at double-digit rates [12][13] - The consumer product category returned to 5% growth after a decline in the previous quarter [13] - The business cards and stationery product category declined by 3% year over year, showing slight improvement from a 4% decline in the previous quarter [14] Market Data and Key Metrics Changes - Strong performance in Europe despite macro headwinds, while U.S. revenue and profitability were affected by organic search algorithm changes [13][14] - New customer acquisition via signage, packaging, and labels grew more than 10% over the prior year [4] Company Strategy and Development Direction - The company is focused on expanding into elevated products to serve customers with higher lifetime value [4][10] - Plans to balance capital deployment between organic growth investments, reducing leverage, and share repurchases [20][86] - The company aims to leverage competitive advantages during periods of volatility, particularly related to tariffs [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering attractive growth in per share cash flow despite a noisy backdrop [3] - The uncertainty surrounding tariffs has led to the withdrawal of long-term guidance [88][90] - The company expects to finish the year with increased liquidity, positioning itself to take advantage of opportunities in FY 2026 [19][86] Other Important Information - The company is actively working on mitigating tariff impacts, particularly from Chinese sourced raw materials [18] - The new production facility in the U.S. is operational and fulfilling orders, allowing for new product introductions [6][12] Q&A Session Summary Question: Which customer verticals are most exposed to tariff impacts? - Management indicated that promotional products, apparel, and gifts are the most exposed, with promotional products representing over 20% of consolidated revenue [22][24] Question: What is the expected tariff expense on remaining China COGS? - The estimated tariff expense on the remaining $20 million of China COGS is about $29 million, but pricing changes may offset some of this [29][31] Question: How is the company addressing potential demand impacts from price increases? - Management noted that they are monitoring demand closely and have the ability to adjust costs if necessary [41][42] Question: What is the rationale for withdrawing long-term guidance? - The withdrawal is primarily due to tariff uncertainty and its potential impact on demand [88][90] Question: Has the leverage target been reevaluated? - The leverage target remains unchanged, with a focus on maintaining flexibility during volatile periods [93]
Cimpress(CMPR) - 2025 Q3 - Quarterly Results
2025-04-30 20:07
Revenue Growth - Revenue for Q3 FY2025 grew 1% on a reported basis and 3% on an organic constant-currency basis compared to Q3 FY2024[3] - Vista's Q3 revenue grew 3% year over year, with promotional products and apparel driving double-digit growth[4] - PrintBrothers and The Print Group reported revenue growth of 4% and 3% year over year, respectively, with organic constant-currency growth of 6%[6] - National Pen's Q3 revenue was flat year over year, with a 1% increase on an organic constant-currency basis[8] - All Other Businesses saw a 5% revenue growth year over year, driven by strong cross-Cimpress fulfillment[9] - Revenue for the Vista segment reached $498 million in Q3 FY2025, representing a year-over-year growth of 14%[78] - The Print Group reported revenue of $99 million in Q3 FY2025, with a year-over-year growth of 15%[85] - National Pen segment revenue was $130 million in Q3 FY2025, reflecting a growth of 12% year-over-year[88] - Reported revenue growth for Q3 FY23 was 13%, with a constant-currency revenue growth of 16%[132] - The Print Group experienced a reported revenue growth of 12% in Q3 FY23, with a constant-currency growth of 18%[132] - National Pen reported a revenue growth of 12% in Q3 FY23, with a constant-currency growth of 14%[132] Financial Performance - Operating income increased by $1.3 million year over year to $40.5 million, while net loss rose by $2.8 million to $8.0 million[3] - Adjusted EBITDA decreased by $3.5 million year over year to $90.7 million, impacted by increased operating expenses[3] - Total segment EBITDA for Q3 FY2024 was $115.582 million, an increase of 26% compared to Q3 FY2023's $91.567 million[29] - Adjusted EBITDA for Q3 FY2024 reached $94.158 million, reflecting a year-over-year growth of 36% from $69.145 million in Q3 FY2023[29] - Adjusted EBITDA margin improved to 12% in Q3 FY2024, up from 9% in Q3 FY2023[29] - The company reported a year-over-year decline in adjusted EBITDA growth of 4% for YTD FY2024 compared to YTD FY2023[29] - Adjusted EBITDA for the company was positively impacted by $1.0 million in Q3 FY2025 due to currency hedges[114] - Adjusted EBITDA increased from $263.7 million in Q3 FY23 to a projected $468.7 million in Q3 FY25, indicating strong operational performance[175] Cash Flow and Investments - Net cash provided by operating activities for YTD FY2024 was $225.627 million, significantly higher than $68.474 million in YTD FY2023[32] - Cash used in investing activities increased to $(41.104) million in Q3 FY2025, compared to $(14.314) million in Q3 FY2024[32] - Adjusted free cash flow for Q3 FY2024 was $(16.647) million, a decline from $(12.833) million in Q3 FY2023[33] - Net cash provided by operating activities for Q3 FY24 was $225.6 million, a decrease from $468.5 million in Q3 FY23[169] - Adjusted free cash flow for Q3 FY24 was $144.2 million, compared to $(11.3) million in Q3 FY23[169] - Cash paid for interest in Q3 FY24 was $90.6 million, compared to $70.8 million in Q3 FY23[169] - Cash restructuring payments in Q3 FY24 amounted to $14.9 million, significantly higher than $0.7 million in Q3 FY23[169] Debt and Leverage - Net leverage increased to 3.3 times trailing-twelve month EBITDA, up from 3.1 in Q2 FY2025[3] - Net debt decreased to $1,425 million in Q3 FY2025 from $1,520 million in Q3 FY2023, reflecting a reduction of approximately 6.3%[72] - Total debt outstanding as of Q3 FY23 was $1,710.2 million, projected to decrease to $1,607.7 million by Q4 FY25[175] - Adjusted Net Debt decreased from $1,557.5 million in Q3 FY23 to $1,511.0 million in Q1 FY24, with a further decrease expected to $1,418.0 million by Q4 FY25[175] - Consolidated Net Leverage Ratio improved from 4.83 in Q3 FY23 to a projected 2.97 by Q1 FY25, reflecting better debt management[175] - Senior Secured Net Leverage Ratio decreased from 2.97 in Q4 FY23 to a projected 1.90 by Q1 FY25, indicating enhanced financial stability[175] Guidance and Future Outlook - The company has withdrawn its prior guidance for FY2025 and beyond due to uncertainty in the tariff environment[18] - The company anticipates a revenue growth in constant currency of 4% for Q3 FY25, excluding the impact of TTM acquisitions[139] - Future revenue growth in constant currency is projected to be 5% for Q3FY25[141] - Future expectations include managing through near-term challenges while maintaining liquidity and growth investments, with a focus on maximizing per-share value[181] - The company is positioned to capitalize on opportunities arising from an uncertain operating environment, including potential M&A activities[181] - The mass customization strategy remains a core focus, with ongoing investments aimed at enhancing competitive advantages and operational efficiencies[178] Share Repurchase and Corporate Costs - The company repurchased 57,474 shares for $3.9 million at an average price of $68.66 per share in the first month of the quarter[3] - Central and corporate costs totaled $39 million in Q3 FY2025, showing a slight increase from $34 million in Q3 FY2023[108] - Central and corporate costs, excluding unallocated share-based compensation (SBC), decreased to $(99.2) million in Q3FY24 from $(109.5) million in Q3FY23[150] - Share-based compensation expense increased to $48.5 million in Q3FY24 from $29.3 million in Q3FY23[159]
Cimpress(CMPR) - 2025 Q3 - Earnings Call Transcript
2025-04-30 20:05
Financial Data and Key Metrics Changes - Consolidated revenue grew 1% on a reported basis and 3% on an organic constant currency basis [12] - Adjusted EBITDA declined by $3.5 billion year over year, impacted by a $2.6 million impairment charge related to a planned sale [15][16] - Gross profit was affected by preproduction startup costs related to a new facility, but would have increased modestly if those items were excluded [16] Business Line Data and Key Metrics Changes - Vista experienced 3% organic constant currency growth, with key growth categories like promotional products, signage, packaging, and labels growing at double-digit rates [12][13] - The consumer product category returned to 5% growth after a decline in the previous quarter [13] - The business cards and stationery product category declined 3% year over year, showing slight improvement from a 4% decline in the previous quarter [14] Market Data and Key Metrics Changes - Strong growth in elevated products, which include promotional products and packaging, indicates a shift towards higher lifetime value customers [4][52] - Business performance in Europe remained strong despite macro headwinds, while the U.S. market faced challenges due to organic search algorithm changes [13] Company Strategy and Development Direction - The company is focused on expanding into elevated products to increase customer lifetime value and market share [4][10] - Plans to leverage cross-SIMPRESS fulfillment to accelerate new product introductions and reduce costs [5] - The company aims to balance capital deployment between organic growth investments, reducing leverage, and share repurchases [21][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in delivering attractive growth in per share cash flow despite a noisy backdrop [3] - The uncertainty surrounding tariffs has led to the withdrawal of guidance for FY 2025 and beyond, with management emphasizing the need for flexibility in response to changing conditions [20][88] - Management believes that the company can navigate economic downturns effectively due to its scale advantages and diverse customer base [49] Other Important Information - The company is actively working on mitigating tariff impacts, particularly from Chinese sourced raw materials, and plans to increase prices to offset costs [19] - The new production facility in the U.S. is expected to enhance capabilities and reduce costs [6][75] Q&A Session Summary Question: Which customer verticals are most exposed to tariff impacts? - Management indicated that promotional products, apparel, and gifts are the most exposed, with promotional products representing over 20% of consolidated revenue [25][26] Question: What is the expected tariff expense on remaining China COGS? - The estimated additional cost due to tariffs on the remaining $20 million of COGS from China is approximately $29 million, but pricing changes may offset some of this impact [32][35] Question: How does management view the long-term gross margin profile? - Management focuses on gross profit rather than gross margin percentage, emphasizing the importance of delivering value to customers [62][63] Question: What is the rationale for withdrawing long-term guidance? - The withdrawal was primarily due to tariff uncertainty and its potential impact on demand, making it difficult to provide accurate forecasts [88][90] Question: How does the company balance share buybacks with internal investments? - Management regularly evaluates the trade-offs between share repurchases and capital investments, aiming for high returns on both fronts [81][86]
Here's Why You Should Avoid Investing in Cimpress Stock Now
ZACKS· 2025-03-25 17:26
Core Viewpoint - Cimpress plc (CMPR) has underperformed in operational performance, leading to investor disappointment due to rising costs, high debt levels, and foreign exchange challenges [1][2]. Group 1: Financial Performance - Cimpress's shares have declined by 41.3% over the past year, significantly worse than the industry average decline of 11.1% [2]. - The company's cost of revenues increased by 3.3% in fiscal 2024 and by 5.6% year-over-year in the second quarter of fiscal 2025, driven by rising costs for materials and shipping [4]. - General and administrative expenses rose by 16.7% year-over-year in the fiscal second quarter, primarily due to increased compensation costs [5]. Group 2: Cost Challenges - The company is facing persistent input cost inflation, which, if not controlled, could severely impact margins and profitability in future quarters [5]. - Rising costs for product substrates, production materials, freight, and energy are contributing to the overall increase in operating expenses [4]. Group 3: Debt and Forex Exposure - Cimpress's debt level stood at $1.6 billion at the end of the second quarter of fiscal 2025, raising concerns given its cash and cash equivalents of only $224.4 million [6]. - The company's international operations expose it to risks from adverse currency fluctuations, particularly with a strengthening U.S. dollar affecting pricing and profit margins outside the U.S. [7].
Cimpress(CMPR) - 2025 Q2 - Quarterly Report
2025-01-31 18:46
Revenue Performance - Revenue increased by 2% to $939.2 million for the three months ended December 31, 2024, compared to $921.4 million in the prior year[130]. - Organic constant-currency revenue growth was 2% for the three months ended December 31, 2024[132]. - Revenue increased by 4% to $1,744.1 million for the six months ended December 31, 2024, compared to $1,678.7 million in the prior year[136]. - The Print Group reported a revenue increase of 7% for the three months ended December 31, 2024, reaching $98.6 million[136]. - Vista segment revenue increased by 5% to $927.2 million for the six months ended December 31, 2024[136]. - Vista's reported revenue for the three months ended December 31, 2024, was $497.7 million, reflecting a 3% increase compared to the prior year[160]. - PrintBrothers reported revenue for the three months ended December 31, 2024, was $174,508 thousand, a 5% increase from $165,551 thousand in 2023[163]. - The Print Group's reported revenue for the three months ended December 31, 2024, was $98,628 thousand, reflecting a 7% increase from $92,135 thousand in 2023[166]. - National Pen's reported revenue for the three months ended December 31, 2024, was $131,423 thousand, a 1% increase from $130,096 thousand in 2023[170]. - All Other Businesses reported revenue of $60,333 thousand for the three months ended December 31, 2024, a 1% increase from $59,762 thousand in 2023[174]. Operating Income and Expenses - Operating income decreased by $26.7 million to $80.9 million for the three months ended December 31, 2024[131]. - Adjusted EBITDA decreased by $34.2 million to $132.3 million for the three months ended December 31, 2024[132]. - Cash provided by operating activities decreased by $36.3 million to $180.9 million for the six months ended December 31, 2024[134]. - Adjusted free cash flow decreased by $53.0 million to $107.9 million for the six months ended December 31, 2024[134]. - Cost of revenue increased by $25.8 million to $489.3 million for the three months ended December 31, 2024, representing 52.1% of revenue[139]. - Technology and development expenses increased by $2.9 million (4%) and $10.4 million (7%) for the three and six months ended December 31, 2024, respectively, compared to the prior year periods[140]. - Marketing and selling expenses rose by $12.0 million (6%) and $23.7 million (6%) for the three and six months ended December 31, 2024, respectively, driven by higher advertising spend and cash compensation costs[144]. - General and administrative expenses increased by $8.1 million (17%) and $11.7 million (12%) for the three and six months ended December 31, 2024, respectively, due to higher long-term incentive compensation and cash compensation costs[146]. Segment Performance - Segment EBITDA for Vista decreased by $15.4 million (14%) for the three months ended December 31, 2024, primarily due to non-recurrence of prior-year benefits and shifts in product mix[162]. - Revenue growth for Vista was stronger in Europe and globally, but was dampened by declines in North American consumer products and business cards[161]. - National Pen's segment EBITDA decreased by 8% for the three months ended December 31, 2024, primarily due to gross margin compression[172]. - The Print Group's segment EBITDA increased by 22% for the six months ended December 31, 2024, compared to the prior year[168]. - Segment EBITDA for PrintBrothers decreased by $5.5 million year over year for both the three and six months ended December 31, 2024, primarily due to the non-recurrence of government incentives[165]. Cash Flow and Debt - Consolidated net cash provided by operating activities for the six months ended December 31, 2024, was $180,903 thousand, down from $217,200 thousand in 2023[182]. - Cash and cash equivalents at December 31, 2024, were $224,400 thousand, while total debt was $1,610,500 thousand[185]. - As of December 31, 2024, the company had $1,078.2 million in borrowings under its Restated Credit Agreement, with a final maturity date of May 17, 2028[195]. - The company had $1,078.2 million of variable-rate debt, exposing it to market risk for changes in interest rates[211]. - A hypothetical 100 basis point increase in interest rates would result in an $8.5 million impact to interest expense over the next 12 months[211]. Tax and Other Income - Income tax expense for the three months ended December 31, 2024, was $21.2 million, with an effective tax rate of 25.6%, up from 21.8% in the prior year[155]. - Other income (expense), net improved to $31.7 million for the three months ended December 31, 2024, compared to a loss of $0.4 million in the prior year, primarily due to currency exchange rate volatility impacting derivatives[149]. Future Outlook and Commitments - The company expects continued volatility in currency exchange rates impacting future results, as it does not apply hedge accounting for most derivative currency contracts[149]. - As of December 31, 2024, the company had unrecorded purchase commitments under contract of $207.2 million, including $93.2 million for third-party fulfillment and digital services[193]. - The company entered into an amendment to its Restated Credit Agreement, extending the maturity date of its $250.0 million senior secured revolving credit facility to September 26, 2029, with $237.3 million unused as of December 31, 2024[194]. - The company completed a private placement of $525.0 million in senior unsecured notes due 2032, bearing interest at 7.375% per annum[196]. - Capitalized internal and external costs for software and website development amounted to $31.2 million[190]. - Payment of withholding taxes related to share awards totaled $16.8 million, primarily due to the vesting of restricted and performance share unit grants[190].
Cimpress Q2 Earnings & Revenues Miss Estimates, Increase Y/Y
ZACKS· 2025-01-31 17:51
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]
Cimpress (CMPR) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2025-01-30 00:05
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]
Cimpress(CMPR) - 2025 Q2 - Quarterly Results
2025-01-29 21:06
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]
Here's Why You Should Retain Cimpress Stock in Your Portfolio Now
ZACKS· 2025-01-17 18:01
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 ...