We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties. You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies. In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Cimpress Q2 Earnings & Revenues Miss Estimates, Increase Y/Y
Read MoreHide Full Article
Cimpress plc (CMPR - Free Report) reported second-quarter fiscal 2025 (ended Dec. 31, 2024) adjusted earnings of $2.36 per share, which missed the Zacks Consensus Estimate of $2.40. The company had reported adjusted earnings of $2.14 per share in the year-ago quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
CMPR’s Top-Line Details
Total revenues were $939.2 million, reflecting an increase of 1.9% from $921.4 million in the year-ago quarter. The organic constant-currency revenue growth was 2% year over year, driven by growth in each of its businesses. The top line missed the Zack Consensus Estimate of $964 million.
The National Pen segment generated revenues of $131.4 million, up from $130.1 million in the year-ago quarter. Our estimate was $133.6 million.
Vista — the largest revenue-generating segment — reported aggregate revenues of $497.7 million compared with $485.4 million in the year-ago quarter. Our estimate was $517.9 million.
The Upload and Print segment’s revenues increased to $273.1 million from $257.7 million in the year-ago quarter. The segment consists of two subgroups, namely PrintBrothers and The Print Group.
PrintBrothers’ revenues increased to $174.5 million from $165.6 million in the year-ago period. Our estimate was $175.7 million. The Print Group generated revenues of $98.6 million, up from $92.1 million reported in the year-ago quarter. Our estimate was $93.8 million.
Revenues from All Other Businesses were $60.3 million compared with $59.8 million reported a year ago. Our estimate was $61.7 million.
CMPR’s Margin Details
Cimpress' cost of revenues was $489.3 million, up 5.6% on a year-over-year basis. Marketing and selling expenses totaled $223.9 million, up 5.7% year over year. General & administrative expenses were $56.9 million, up from $48.8 million reported in the year-ago fiscal quarter.
Gross profit decreased 1.7% year over year to $450 million. The margin was 48%, down 200 basis points year over year. Net interest expenses fell 4.6% year over year to $29.2 million. Adjusted EBITDA fell 20.7% year over year to $132.3 million.
Balance Sheet and Cash Flow
As of Dec. 31, 2024, Cimpress had $224.4 million of cash and cash equivalents compared with $203.8 million at the end of the fourth quarter of fiscal 2024.
Exiting the fiscal second quarter, CMPR’s long-term debt was $1.58 billion, marginally down from the fourth quarter of fiscal 2024-end figure.
During the fiscal second quarter, net cash provided by operating activities was $176.5 million compared with $175 million in the year-ago quarter. It repurchased shares worth $42.4 million during the quarter.
CMPR’s Outlook
For fiscal 2025, Cimpress expects revenues to increase at least 3% on a reported basis and 4% on an organic constant-currency basis. Its operating income is expected to be at least $233.9 million, indicating about 5% decrease year over year. Adjusted EBITDA is projected to be at least $440 million for the year.
The company anticipates generating cash from operating activities of a minimum of $289 million and free cash flow (adjusted) of at least $157 million.
For fiscal 2025, Cimpress expects to reduce net leverage. The company hopes to exit fiscal 2025 with a net leverage of 3.0x trailing-12-month EBITDA.
GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 (ending March 2025) earnings has remained stable.
EnerSys (ENS - Free Report) currently sports a Zacks Rank of 1. ENS delivered a trailing four-quarter average earnings surprise of 1.6%.
In the past 60 days, the consensus estimate for Enersys’ fiscal 2025 (ending March 2025) earnings has increased 10.2%.
Resideo Technologies (REZI - Free Report) presently carries a Zacks Rank #2 (Buy). REZI delivered a trailing four-quarter average earnings surprise of 27.3%.
In the past 60 days, the consensus estimate for Resideo Technologies’ 2024 earnings has been stable.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Cimpress Q2 Earnings & Revenues Miss Estimates, Increase Y/Y
Cimpress plc (CMPR - Free Report) reported second-quarter fiscal 2025 (ended Dec. 31, 2024) adjusted earnings of $2.36 per share, which missed the Zacks Consensus Estimate of $2.40. The company had reported adjusted earnings of $2.14 per share in the year-ago quarter.
Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.
CMPR’s Top-Line Details
Total revenues were $939.2 million, reflecting an increase of 1.9% from $921.4 million in the year-ago quarter. The organic constant-currency revenue growth was 2% year over year, driven by growth in each of its businesses. The top line missed the Zack Consensus Estimate of $964 million.
Cimpress plc Price, Consensus and EPS Surprise
Cimpress plc price-consensus-eps-surprise-chart | Cimpress plc Quote
Segmental Information
The National Pen segment generated revenues of $131.4 million, up from $130.1 million in the year-ago quarter. Our estimate was $133.6 million.
Vista — the largest revenue-generating segment — reported aggregate revenues of $497.7 million compared with $485.4 million in the year-ago quarter. Our estimate was $517.9 million.
The Upload and Print segment’s revenues increased to $273.1 million from $257.7 million in the year-ago quarter. The segment consists of two subgroups, namely PrintBrothers and The Print Group.
PrintBrothers’ revenues increased to $174.5 million from $165.6 million in the year-ago period. Our estimate was $175.7 million. The Print Group generated revenues of $98.6 million, up from $92.1 million reported in the year-ago quarter. Our estimate was $93.8 million.
Revenues from All Other Businesses were $60.3 million compared with $59.8 million reported a year ago. Our estimate was $61.7 million.
CMPR’s Margin Details
Cimpress' cost of revenues was $489.3 million, up 5.6% on a year-over-year basis. Marketing and selling expenses totaled $223.9 million, up 5.7% year over year. General & administrative expenses were $56.9 million, up from $48.8 million reported in the year-ago fiscal quarter.
Gross profit decreased 1.7% year over year to $450 million. The margin was 48%, down 200 basis points year over year. Net interest expenses fell 4.6% year over year to $29.2 million. Adjusted EBITDA fell 20.7% year over year to $132.3 million.
Balance Sheet and Cash Flow
As of Dec. 31, 2024, Cimpress had $224.4 million of cash and cash equivalents compared with $203.8 million at the end of the fourth quarter of fiscal 2024.
Exiting the fiscal second quarter, CMPR’s long-term debt was $1.58 billion, marginally down from the fourth quarter of fiscal 2024-end figure.
During the fiscal second quarter, net cash provided by operating activities was $176.5 million compared with $175 million in the year-ago quarter. It repurchased shares worth $42.4 million during the quarter.
CMPR’s Outlook
For fiscal 2025, Cimpress expects revenues to increase at least 3% on a reported basis and 4% on an organic constant-currency basis. Its operating income is expected to be at least $233.9 million, indicating about 5% decrease year over year. Adjusted EBITDA is projected to be at least $440 million for the year.
The company anticipates generating cash from operating activities of a minimum of $289 million and free cash flow (adjusted) of at least $157 million.
For fiscal 2025, Cimpress expects to reduce net leverage. The company hopes to exit fiscal 2025 with a net leverage of 3.0x trailing-12-month EBITDA.
Zacks Rank & Stocks to Consider
CMPR currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies are discussed below:
Graham Corporation (GHM - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
GHM delivered a trailing four-quarter average earnings surprise of 101.9%. In the past 60 days, the Zacks Consensus Estimate for Graham’s fiscal 2025 (ending March 2025) earnings has remained stable.
EnerSys (ENS - Free Report) currently sports a Zacks Rank of 1. ENS delivered a trailing four-quarter average earnings surprise of 1.6%.
In the past 60 days, the consensus estimate for Enersys’ fiscal 2025 (ending March 2025) earnings has increased 10.2%.
Resideo Technologies (REZI - Free Report) presently carries a Zacks Rank #2 (Buy). REZI delivered a trailing four-quarter average earnings surprise of 27.3%.
In the past 60 days, the consensus estimate for Resideo Technologies’ 2024 earnings has been stable.