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Cimpress Lags Q3 Earnings & Revenue Estimates, Withdraws '25 Guidance
ZACKSยท 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 $789.5 million, a 1% increase from $780.6 million year-over-year, but below the Zacks Consensus Estimate of $798 million [1] Revenue Breakdown - The National Pen segment generated revenues of $88.3 million, slightly down from $88.6 million in the year-ago quarter, and below the estimate of $91 million [2] - The Vista segment, the largest revenue generator, reported revenues of $430.7 million, up from $418.1 million year-over-year, but slightly below the estimate of $432 million [2] - The Upload and Print segment's revenues increased to $245.3 million from $237.8 million in the year-ago quarter, exceeding the estimate of $245 million [3] - Revenues from All Other Businesses were $51.1 million, compared to $48.8 million reported a year ago, and above the estimate of $49.8 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 $373 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 $183 million in cash and cash equivalents, down from $203.8 million at the end of Q4 fiscal 2024 [7] - Long-term debt was $1.58 billion, slightly down from the previous quarter [7] - Net cash provided by operating activities was $9.7 million, an increase from $8.4 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in the year-ago quarter, with share repurchases totaling $3.9 million during the quarter [8] Outlook - The company has withdrawn its previously issued guidance for fiscal 2025 due to uncertainties in the tariff environment and its potential impact on costs and market demand [9]