Fri, May 2, 10:01 AM (11 days ago)
**Cimpress PLC (CMPR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $789.5 million (1% YoY growth), $2.53 billion (3% YoY growth) for 9 months. - **Profit Margins:** Net loss of $8.0 million (Q1), $41.2 million net income (9 months). - **Cash Flow:** $190.6 million from operations (9 months), $77.2 million adjusted free cash flow (9 months). - **Earnings Changes:** Diluted net loss per share of $0.33 (Q1), $1.56 (9 months). **Quarterly Performance:** - **Revenue Growth:** Driven by Vista and PrintBrothers segments, offset by currency fluctuations. - **Operating Income:** Increased by $1.3 million (Q1), decreased by $20.2 million (9 months). - **Net Income:** Decreased by $18.4 million (9 months) due to higher income tax expense and increased advertising spend. - **Adjusted EBITDA:** Decreased by $3.5 million (Q1), $38.6 million (9 months). **Trends & Uncertainties:** - **Tariffs & Trade:** Dynamic U.S. tariff environment, mitigating impact through supply chain changes. - **Currency Fluctuations:** Negative impact on revenue, hedging activities to manage risks. - **Economic Conditions:** General economic volatility, potential impacts on customer demand. - **Future Operations:** Strategic investments in technology and production equipment, share repurchases. **Segment Performance:** - **Vista:** Strong growth in PPAG, signage, and packaging categories, offset by declines in business cards. - **PrintBrothers:** Continued order volume growth, partially offset by lower quantities in certain product categories. - **The Print Group:** Revenue growth driven by increased fulfillment for other Cimpress businesses. - **National Pen:** Growth in e-commerce and cross-Cimpress fulfillment, offset by declines in mail order. - **All Other Businesses:** Strong growth in BuildASign and Printi, offset by lower revenue in home decor products. **Liquidity & Capital Resources:** - **Cash & Debt:** $183.0 million in cash, $1.61 billion in debt (excluding issuance costs). - **Financing:** Strategic use of cash, operating cash flow, and debt arrangements to finance operations and investments. - **Share Repurchases:** $56.9 million spent on share repurchases (9 months). **Risk Factors:** - **Economic & Political:** Volatility, trade policies, tariffs, and geopolitical events. - **Operational:** Supply chain disruptions, currency fluctuations, and tax law changes. - **Financial:** Debt covenants, interest rate risks, and market volatility. **Outlook:** - **Revenue Growth:** Expected to continue, driven by strategic investments and market expansion. - **Profitability:** Focus on cost management and operational efficiencies. - **Cash Flow:** Continued focus on generating strong cash flow to support investments and shareholder returns. **Conclusion:** Cimpress PLC's Q1 2025 financial results reflect a mixed performance, with revenue growth offset by increased expenses and currency fluctuations. The company continues to invest in strategic initiatives to drive long-term growth and manage risks associated with economic and political uncertainties.