Cimpress(US:CMPR) ZACKS·2024-08-01 18:12Core Viewpoint - Cimpress plc reported strong fourth-quarter fiscal 2024 results, with adjusted earnings significantly exceeding expectations and revenue growth driven by all business segments [1][2]. Financial Performance - Adjusted earnings per share for Q4 fiscal 2024 were $4.33, surpassing the Zacks Consensus Estimate of 77 cents, and up from $1.08 in the same quarter last year [1]. - Total revenues reached $832.6 million, a 5.6% increase from $788.8 million year-over-year, with organic constant-currency revenue growth of 6% [2]. Segmental Information - The National Pen segment generated revenues of $84 million, slightly up from $83 million year-over-year, but below the estimate of $87.8 million [3]. - The Vista segment, the largest revenue contributor, reported revenues of $442 million, an increase from $410 million year-over-year, exceeding the estimate of $437.8 million [3]. - The Upload and Print segment's revenues rose to $267 million from $253 million year-over-year, with PrintBrothers generating $170 million and The Print Group $97 million [4]. - Revenues from All Other Businesses were $55 million, up from $53 million year-over-year, surpassing the estimate of $52.6 million [5]. Margin and Cost Analysis - Cost of revenues increased to $428.2 million, a 3.8% rise year-over-year, while marketing and selling expenses rose by 7.5% to $194.3 million [6]. - Gross profit increased by 7.5% year-over-year to $404 million, with a gross margin of 49%, up 100 basis points from the previous year [6]. Balance Sheet and Cash Flow - As of June 30, 2024, Cimpress had $203.8 million in cash and cash equivalents, up from $130.3 million a year ago [7]. - Long-term debt decreased to $1.59 billion from $1.63 billion at the end of the previous fiscal year [7]. - Net cash provided by operating activities was $360.7 million, significantly higher than $130.3 million in the year-ago period [7]. Outlook - For fiscal 2025, the company anticipates that currency movements will have a neutral impact on adjusted EBITDA compared to fiscal 2024 [8].