Cimpress(US:CMPR) ZACKS·2024-10-31 14:50Core Insights - Cimpress plc (CMPR) reported a first-quarter fiscal 2025 adjusted loss of 50 cents per share, contrasting with the Zacks Consensus Estimate of earnings of 30 cents per share and adjusted earnings of 17 cents per share in the same quarter last year [1] Financial Performance - Total revenues for the quarter reached $805 million, marking a 6% increase from $757.3 million in the year-ago quarter, and beating the Zacks Consensus Estimate of $801 million [2] - Organic constant-currency revenue growth was also 6% year over year, driven by growth across all business segments [2] Segment Performance - The National Pen segment generated revenues of $93.4 million, up from $86.8 million in the year-ago quarter, slightly above the estimate of $93 million [3] - The Vista segment, the largest revenue generator, reported revenues of $429.5 million compared to $396.9 million in the year-ago quarter, exceeding the estimate of $425.7 million [3] - The Upload and Print segment's revenues increased to $244.5 million from $231.9 million in the year-ago quarter, with PrintBrothers generating $160.4 million and The Print Group $84.1 million [4] - Revenues from All Other Businesses were $57.1 million, up from $51.4 million reported a year ago, surpassing the estimate of $52.7 million [5] Cost and Margin Analysis - Cimpress' cost of revenues was $422.7 million, reflecting a 6% year-over-year increase, while marketing and selling expenses totaled $203.8 million, also up 6% year over year [6] - Gross profit increased by 6.4% year over year to $382 million, maintaining a stable margin of 47% [7] - Adjusted EBITDA fell by $1 million year over year to $87.8 million [7] Balance Sheet and Cash Flow - As of September 30, 2024, Cimpress had $153 million in cash and cash equivalents, down from $203.8 million at the end of the previous fiscal quarter [8] - Long-term debt was reported at $1.59 billion, slightly down from the previous quarter [8] - Net cash provided by operating activities was $4.4 million, a significant decrease from $42.3 million in the year-ago period, with share repurchases amounting to $10.6 million during the quarter [9] Future Outlook - For fiscal 2025, Cimpress aims to reduce net leverage, targeting to exit the fiscal year with net leverage at or below 2.75 times trailing-twelve-month EBITDA [10]