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poSecure(CMPO) - 2024 Q4 - Annual Results
CMPOpoSecure(CMPO)2025-03-05 21:02

Financial Performance Expectations - CompoSecure expects to report net sales for FY 2024 of 420.6million,aligningwithpreviousguidanceof420.6 million, aligning with previous guidance of 418 to 424million[6]−Thecompanyanticipatesanetincomelossintherangeof424 million[6] - The company anticipates a net income loss in the range of (89.2) million to (87.7)millionforFY2024[6]−AdjustedEBITDAisexpectedtobebetween(87.7) million for FY 2024[6] - Adjusted EBITDA is expected to be between 149.4 million and 151.4million,consistentwithpriorguidanceof151.4 million, consistent with prior guidance of 148 to 151million[6]Spin−offofResoluteHoldings−TheBoardapprovedaspin−offofResoluteHoldings,witharecorddateforshareholderssetforFebruary20,2025,anddistributionexpectedonFebruary28,2025[3]−ShareholderswillreceiveoneshareofResoluteHoldingsforeverytwelvesharesofCompoSecure[3]−Thespin−offisexpectedtobetaxableforbothCompoSecureanditsshareholders[2]−"When−issued"tradingforResoluteHoldingsisexpectedtobeginonFebruary20,2025,undertheticker"RHLD"[11]FutureProfitabilityofResoluteHoldings−ResoluteHoldingsanticipateslimitedprofitabilityinFY2025asitbuildsoutitsoperationsandinfrastructure[5]ShareRepurchaseAuthorization−CompoSecure′ssharerepurchaseauthorizationhasbeenincreasedfrom151 million[6] Spin-off of Resolute Holdings - The Board approved a spin-off of Resolute Holdings, with a record date for shareholders set for February 20, 2025, and distribution expected on February 28, 2025[3] - Shareholders will receive one share of Resolute Holdings for every twelve shares of CompoSecure[3] - The spin-off is expected to be taxable for both CompoSecure and its shareholders[2] - "When-issued" trading for Resolute Holdings is expected to begin on February 20, 2025, under the ticker "RHLD"[11] Future Profitability of Resolute Holdings - Resolute Holdings anticipates limited profitability in FY 2025 as it builds out its operations and infrastructure[5] Share Repurchase Authorization - CompoSecure's share repurchase authorization has been increased from 40 million to $100 million[2] Financial Reporting Timeline - The financial information provided is preliminary and subject to finalization, with the audited results to be reported in late February or early March[8]