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Cimpress Lags Q3 Earnings & Revenue Estimates, Withdraws '25 Guidance
CMPRCimpress(CMPR) ZACKS·2025-05-01 17:30

Core Insights - Cimpress plc (CMPR) reported an adjusted loss of 33 cents per share for Q3 fiscal 2025, missing the Zacks Consensus Estimate of earnings of 55 cents, and compared to an adjusted loss of 15 cents per share in the same quarter last year [1] - Total revenues for the quarter were 789.5million,a1789.5 million, a 1% increase from 780.6 million year-over-year, but below the Zacks Consensus Estimate of 798million[1]RevenueBreakdown−TheNationalPensegmentgeneratedrevenuesof798 million [1] Revenue Breakdown - The National Pen segment generated revenues of 88.3 million, slightly down from 88.6millionintheyear−agoquarter,andbelowtheestimateof88.6 million in the year-ago quarter, and below the estimate of 91 million [2] - The Vista segment, the largest revenue generator, reported revenues of 430.7million,upfrom430.7 million, up from 418.1 million year-over-year, but slightly below the estimate of 432million[2]−TheUploadandPrintsegment′srevenuesincreasedto432 million [2] - The Upload and Print segment's revenues increased to 245.3 million from 237.8millionintheyear−agoquarter,exceedingtheestimateof237.8 million in the year-ago quarter, exceeding the estimate of 245 million [3] - Revenues from All Other Businesses were 51.1million,comparedto51.1 million, compared to 48.8 million reported a year ago, and above the estimate of 49.8million[4]MarginandCostAnalysis−Cimpress′costofrevenueswas49.8 million [4] Margin and Cost Analysis - Cimpress' cost of revenues was 417 million, reflecting a 3% year-over-year increase [5] - Gross profit decreased by 0.8% year-over-year to 373million,withamarginof47373 million, with a margin of 47%, down 100 basis points from the previous year [6] - Adjusted EBITDA fell 3.7% year-over-year to 90.7 million [6] Balance Sheet and Cash Flow - As of March 31, 2024, Cimpress had 183millionincashandcashequivalents,downfrom183 million in cash and cash equivalents, down from 203.8 million at the end of Q4 fiscal 2024 [7] - Long-term debt was 1.58billion,slightlydownfromthepreviousquarter[7]−Netcashprovidedbyoperatingactivitieswas1.58 billion, slightly down from the previous quarter [7] - Net cash provided by operating activities was 9.7 million, an increase from 8.4millionintheyear−agoquarter,withsharerepurchasestotaling8.4 million in the year-ago quarter, with share repurchases totaling 3.9 million during the quarter [8] Outlook - The company has withdrawn its previously issued guidance for fiscal 2025 due to uncertainties in the tariff environment and its potential impact on costs and market demand [9]