Financial Performance Expectations - CompoSecure expects to report net sales for FY 2024 of $420.6 million, aligning with previous guidance of $418 to $424 million[6] - The company anticipates a net income loss in the range of $(89.2) million to $(87.7) million for FY 2024[6] - Adjusted EBITDA is expected to be between $149.4 million and $151.4 million, consistent with prior guidance of $148 to $151 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]
poSecure(CMPO) - 2024 Q4 - Annual Results