For the quarter ended December 2023, Cimpress (CMPR) reported revenue of $921.36 million, up 9% over the same period last year. EPS came in at $2.14, compared to -$0.46 in the year-ago quarter.The reported revenue represents a surprise of +2.25% over the Zacks Consensus Estimate of $901.13 million. With the consensus EPS estimate being $1.24, the EPS surprise was +72.58%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Revenue Growth - Revenue increased by 9% to $921.4 million in Q2 FY2024[114] - Organic constant-currency revenue growth was 6% in Q2 FY2024[115] - Revenue increased by 8% to $1,678.7 million year-to-date FY2024[117] - Organic constant-currency revenue growth was 5% year-to-date FY2024[117] - Total segment revenue for Q3 2023 reached $934.4 million, a 9.1% increase compared to $856.3 million in Q3 2022[6] - National Pen revenue grew to $130.6 million in Q3 2023, up 8.3% from $120.6 million in Q3 2022[6] - The Print Group's revenue increased to $93.3 million in Q3 2023, a 4.4% growth compared to $89.3 million in Q3 2022[6] - Revenue growth in the Vista business was driven by an increase in total customer count and revenue per customer, with strong growth in consumer products during the seasonally significant second fiscal quarter[16] Operating Performance - Operating income increased by $74.1 million to $107.7 million in Q2 FY2024[115] - Adjusted EBITDA increased by $55.3 million to $166.4 million in Q2 FY2024[115] - Vista segment EBITDA increased to $103.2 million in Q3 2023, up from $55.2 million in Q3 2022, representing an 87% growth[125] - Total segment EBITDA for Q3 2023 was $183.8 million, a 55.1% increase from $118.5 million in Q3 2022[125] - Adjusted EBITDA increased by $98.4 million to $255.2 million, driven by operating income growth, partially offset by $8.0 million and $11.5 million of unfavorable currency impacts for the three and six months ended December 31, 2023, respectively[18] - Operating income increased by $126.2 million to $141.8 million, driven by higher gross profit, gross margin expansion, improved advertising leverage, and reduced operating expenses, including lower restructuring costs of $10.7 million and $12.9 million for the three and six months ended December 31, 2023, respectively[17] Financial Position - Total accrued expenses increased to $265,461 as of December 31, 2023[136] - Total debt outstanding, net decreased to $1,612,025 as of December 31, 2023[140] - Weighted-average interest rate on outstanding borrowings under the Restated Credit Agreement was 7.91% as of December 31, 2023[145] - Income tax expense decreased to $16,795 for Q2 FY2024 compared to $126,129 in Q2 FY2023[149] - Long-lived assets in the United States decreased to $70,927 million from $83,956 million due to the reclassification of a tax receivable from non-current to current[11] - The company had $208.1 million in unrecorded purchase commitments as of December 31, 2023, including $93.4 million for inventory and fulfillment[12] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the six months ended December 31, 2023 was $217.2 million, a 289% increase from $55.9 million in the same period of 2022[1] - Cash from operations increased by $161.3 million year over year, primarily due to higher operating income and a favorable shift in working capital inflows of $88.7 million, partially offset by higher cash taxes of $15.3 million and net cash interest payments of $14.7 million[20] - Total purchases of property, plant, and equipment for the six months ended December 31, 2023, were $33,955 million, compared to $26,490 million in the prior year, with significant increases in PrintBrothers and National Pen segments[9] Depreciation, Amortization, and Development Costs - Total depreciation and amortization for the three months ended December 31, 2023, was $39,089, a decrease from $40,874 in the same period in 2022[126] - Total capitalization of software and website development costs for the six months ended December 31, 2023, was $28,344, slightly down from $29,246 in 2022[127] Derivatives and Hedging - The fair value of derivatives designated as hedging instruments as of December 31, 2023, was $14,362 for assets and $(2,456) for liabilities[129] - The net amount of currency forward contracts not designated as hedging instruments was $89 for assets and $(4,761) for liabilities as of December 31, 2023[129] - Interest rate swaps designated as hedging instruments resulted in a net loss of $8,081 for the three months ended December 31, 2023[130] - Cross-currency swaps designated as hedging instruments resulted in a net loss of $2,190 for the three months ended December 31, 2023[130] - Total derivatives designated as hedging instruments resulted in a net loss of $19,590 for the three months ended December 31, 2023[130] - Interest rate swaps reclassified from accumulated other comprehensive loss into income resulted in a net loss of $2,274 for the three months ended December 31, 2023[130] - Cross-currency swaps reclassified from accumulated other comprehensive loss into income resulted in a net gain of $2,230 for the three months ended December 31, 2023[130] - Total before income tax for derivatives designated as hedging instruments was a net loss of $44 for the three months ended December 31, 2023[130] - The company's most significant net currency exposures by volume are in the Euro and British Pound, with currency hedging aimed at reducing volatility in forecasted U.S. dollar-equivalent adjusted EBITDA[227] Regional Revenue Contribution - North America accounted for $435.5 million of total revenue in Q3 2023, representing 47.3% of total segment revenue[6] - Europe contributed $449.0 million to total revenue in Q3 2023, representing 48.8% of total segment revenue[6] Central and Corporate Costs - Central and corporate costs totaled $35.9 million in Q3 2023, up 6.4% from $33.8 million in Q3 2022[125] Earnings Per Share - Diluted net income per share attributable to Cimpress plc increased to $2.31 from a loss of $6.31 in the prior fiscal year, primarily due to higher operating income and a decrease in income tax expense of $109.3 million and $110.6 million for the three and six months ended December 31, 2023, respectively[19]

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The upcoming report from Cimpress (CMPR) is expected to reveal quarterly earnings of $1.24 per share, indicating an increase of 369.6% compared to the year-ago period. Analysts forecast revenues of $901.13 million, representing an increase of 6.6% year over year.The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period ...

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 ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|-----------|----------------------------------------|--------------------|-----------------------------------|-------|---------------------------------------------------------------|-------|------------------| | Balance as of June 30, 2023 | Gains \n$ | on cash flow hedges (1) \n12,297 | Losses benefit \n$ | on pension obligation \n(356) | $ | Translation adjustments ...

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 ...