Cimpress(CMPR)

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Cimpress(CMPR) - 2022 Q1 - Quarterly Report
2021-10-27 16:00
Revenue Performance - Revenue for the first quarter of fiscal year 2022 increased by 12% to $657.6 million compared to the same period in the previous year[136]. - Constant-currency revenue growth was 11%, and 9% when excluding acquisitions completed in the last four quarters[137]. - Total revenue for the Vista segment increased by 6% to $349.5 million, with a constant-currency revenue growth of 5%[147]. - PrintBrothers segment revenue grew by 25% to $125.4 million, with constant-currency revenue growth of 24%[147]. - Vista's reported revenue for the three months ended September 30, 2021, was $349.5 million, a 6% increase from $329.3 million in the prior year[167]. - PrintBrothers reported revenue grew by 25% to $125.4 million, benefiting from economic recovery and new product introductions[170]. - The Print Group's revenue increased by 10% to $72.8 million, positively impacted by a 2% currency effect and demand from elections in Italy[174]. - National Pen's revenue grew by 2% to $69.3 million, with a significant decline in mask-related revenue from 20% to 6% of total revenue[177]. - All Other Businesses reported revenue of $47.9 million, a 10% increase, but segment EBITDA decreased by 43% due to increased advertising costs and inflationary pressures[181]. Income and Expenses - Operating income decreased by $19.0 million to $16.9 million, primarily due to increased investments and discretionary costs[139]. - Adjusted EBITDA decreased by $20.9 million to $67.6 million, with an unfavorable currency impact of approximately $4.0 million[143]. - Diluted net income per share increased to $0.09 from a loss per share of $0.39 in the prior year[140]. - Cost of revenue increased by $40.1 million to $338.9 million, representing 51.5% of total revenue[149]. - Technology and development expenses rose to $67.3 million, accounting for 10.2% of revenue[151]. - Marketing and selling expenses increased to $174.7 million, representing 26.6% of revenue, up from 23.6% in the previous year[151]. - General and administrative expenses increased by $4.7 million year-over-year, mainly due to the absence of temporary cost-control measures from the previous year[157]. - Adjusted EBITDA for the three months ended September 30, 2021, was $67.6 million, down 23.6% from $88.5 million in the prior year[209]. Cash Flow and Capital Expenditures - Net cash provided by operating activities for the three months ended September 30, 2021, was $36.6 million, a decrease of 65.4% compared to $105.7 million for the same period in 2020[188]. - Capital expenditures for the three months ended September 30, 2021, were $8.6 million, primarily for manufacturing and automation equipment[188]. - Adjusted free cash flow for the three months ended September 30, 2021, was $12.3 million, significantly lower than $82.5 million in the same period of 2020[209]. Debt and Financial Obligations - Total cash and cash equivalents as of September 30, 2021, amounted to $193.2 million, with marketable securities of $192.4 million and total debt of $1,751.5 million[188]. - The company had unrecorded purchase commitments totaling $250.5 million as of September 30, 2021, including $100.7 million for third-party web services[197]. - As of September 30, 2021, the company had $1,140.2 million in borrowings under its amended senior secured credit agreement, with a final maturity date of May 17, 2028[190]. - The company’s $600.0 million of 7.0% Senior Notes due 2026 bear interest at a rate of 7.0% per annum, with interest payable semi-annually[191]. - Total contractual obligations as of September 30, 2021, were $2,740.2 million, with $353.8 million due within one year[195]. - The company was in compliance with all covenants under its Restated Credit Agreement and the indenture governing its 2026 Notes as of September 30, 2021[193]. - As of September 30, 2021, the company had $1,140 million of variable-rate debt, with a hypothetical 100 basis point increase in rates resulting in a $4.0 million impact to interest expense over the next 12 months[212]. Currency Risk Management - The company manages currency exchange rate risk through normal operating activities and derivative financial instruments, aiming to reduce volatility in forecasted U.S. dollar-equivalent adjusted EBITDA[213]. - Significant net currency exposures by volume are in the Euro and British Pound, which may lead to increased volatility in GAAP results due to the hedging approach[216]. - A hypothetical 10% decrease in exchange rates against the functional currency would have resulted in a change of $0.9 million and $9.5 million on income before income taxes for the years ended three months ended September 30, 2021 and 2020, respectively[220]. - The translation of non-U.S. dollar revenues and expenses could significantly impact net income and non-GAAP financial metrics, such as adjusted EBITDA[215]. - The company executes currency derivatives contracts that do not qualify for hedge accounting, leading to potential volatility in consolidated statements of operations[217]. - Gains and losses from the translation of non-U.S. dollar assets and liabilities are included in accumulated other comprehensive loss on the consolidated balance sheet[218]. - The company enters into currency derivatives to mitigate the impact of currency rate changes on certain net investments[219]. - Transaction gains and losses from remeasurement of monetary assets and liabilities are included in other income (expense), net, impacting consolidated statements of operations[220]. - The company's currency hedging objectives are focused on maintaining stability on incurrence-based debt covenants[216].
Cimpress(CMPR) - 2021 Q4 - Annual Report
2021-08-05 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the annual period ended June 30, 2021 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 Its Ch ...
Cimpress(CMPR) - 2021 Q3 - Quarterly Report
2021-04-28 16:00
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, 2021 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(CMPR) - 2021 Q2 - Quarterly Report
2021-01-27 16:00
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 December 31, 2020 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 ...
Cimpress(CMPR) - 2021 Q1 - Quarterly Report
2020-10-29 11:25
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, 2020 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 ...
Cimpress(CMPR) - 2020 Q4 - Annual Report
2020-08-11 13:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the annual period ended June 30, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |----------------------------------------------------------------------------|------------------------------ ...
Cimpress(CMPR) - 2020 Q3 - Quarterly Report
2020-05-06 20:37
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, 2020 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(CMPR) - 2020 Q2 - Quarterly Report
2020-01-30 21:56
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 December 31, 2019 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 ...
Cimpress(CMPR) - 2020 Q1 - Quarterly Report
2019-10-31 18:41
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, 2019 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 N.V. (Exact Name of Registrant as Specifi ...
Cimpress(CMPR) - 2019 Q4 - Annual Report
2019-08-09 16:57
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________ Form 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2019 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 N.V. (Exact Name of Registrant as Specified in Its Cha ...