Cimpress Q4 Earnings Miss Estimates, Revenue Increase Y/Y

Core Insights - Cimpress plc (CMPR) reported a fourth-quarter fiscal 2025 adjusted loss of $1.02 per share, missing the Zacks Consensus Estimate of earnings of 97 cents per share, compared to adjusted earnings of $4.33 per share in the same quarter last year [1][10] Revenue Performance - Total revenues for the quarter were $869.5 million, reflecting a 4.4% increase year-over-year, and beating the Zacks Consensus Estimate of $844 million [2][10] - Organic constant-currency revenue growth was 2% year-over-year, driven by growth across all business segments [2] Segment Analysis - The National Pen segment generated revenues of $93.6 million, up from $83.6 million in the year-ago quarter, exceeding the estimate of $84 million [3] - The Vista segment, the largest revenue generator, reported revenues of $466.4 million compared to $442.1 million in the prior year, surpassing the estimate of $452.6 million [3] - The Upload and Print segment's revenues increased to $284.2 million from $266.9 million, with PrintBrothers generating $178.2 million and The Print Group $106 million, both exceeding estimates [4] - Revenues from All Other Businesses were $58.8 million, up from $53.7 million, also beating the estimate of $55.9 million [5] Margin and Cost Analysis - Cimpress' cost of revenues was $456.7 million, a 6.6% increase year-over-year, while marketing and selling expenses decreased by 0.7% to $193 million [6] - General and administrative expenses rose to $59.1 million from $54.3 million in the previous year [6] - Gross profit increased by 2.2% year-over-year to $413 million, with a margin of 47%, down 200 basis points from the previous year [7] - Adjusted EBITDA increased by 3% year-over-year to $122.4 million [7] Balance Sheet and Cash Flow - As of June 30, 2025, Cimpress had $234 million in cash and cash equivalents, up from $203.8 million at the end of the previous fiscal year [8] - Long-term debt was reported at $1.58 billion, a 1% decrease from the previous year [8] - Net cash provided by operating activities was $107.5 million, down from $125.1 million in the year-ago quarter, with share repurchases totaling $20.8 million during the quarter [9] Future Outlook - For fiscal 2026, Cimpress expects revenue growth of 5-6% on a reported basis and 2-3% on an organic constant-currency basis, with net income projected to be at least $72 million [11] - Adjusted EBITDA is anticipated to be at least $450 million, with cash from operating activities expected to be around $310 million and adjusted free cash flow of $140 million [11] - The company aims to reduce net leverage to 2.5x trailing-12-month EBITDA over time [12]