8-K
filed July 26, 2023, 7:59 PM ET
ticker CMPR
CIK 0001262976
earnings
confidence high
sentiment positive
materiality 0.75
Cimpress Q4 revenue $789M (+9% YoY); adj EBITDA $114M; guides FY24 EBITDA ≥$420M
CIMPRESS plc
2024-FY EPS reported
-$7.08
revenue$3,079,627,000
- Q4 revenue $788.8M (+9% reported, +9% organic constant currency); operating income $53.9M vs ($27.2M) a year ago.
- Q4 adjusted EBITDA $113.9M, up from $37.8M; FY23 adjusted EBITDA $339.8M (+21% YoY).
- Vista segment revenue $410M (+11% YoY); segment EBITDA $77.8M vs $12.1M last year.
- Net leverage reduced to 3.90x from 5.52x two quarters ago; cash/marketable securities $173.4M after $45M debt buyback.
- FY2024 guidance: revenue growth ≥8%, operating income ≥$205M, adjusted EBITDA ≥$420M; expects $76M incremental cost savings.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
CIMPRESS plc reported financial results for Q4 FY2023 (quarter ended June 30, 2023).
- Period
- Q4 FY2023 (quarter ended June 30, 2023)
- Result
- reported results
Exact text from the filing
Cimpress closed FY2023 with a strong fourth quarter, in which consolidated revenue grew 9% on both reported and organic constant-currency bases.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
CIMPRESS plc reported financial results for Q4 FY2023 (quarter ended June 30, 2023).
- Period
- Q4 FY2023 (quarter ended June 30, 2023)
- Result
- reported results
Exact text from the filing
Operating income in Q4 and FY2023 improved $81.1 million and $10.0 million year over year, respectively, to $53.9 million and $57.3 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
CIMPRESS plc reported financial results for Q4 FY2023 (quarter ended June 30, 2023).
- Period
- Q4 FY2023 (quarter ended June 30, 2023)
- Result
- reported results
Exact text from the filing
Adjusted EBITDA grew $76.2 million year over year in Q4 to $113.9 million, and full-year FY2023 adjusted EBITDA was $339.8 million, up $58.8 million from FY2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
CIMPRESS plc updated its FY2024 (fiscal year ending June 30, 2024) guidance (initiated).
- Period
- FY2024 (fiscal year ending June 30, 2024)
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
We expect consolidated FY2024 reported revenue growth (assuming recent currency rates) of at least 8%, and organic constant-currency revenue growth of at least 6%, lower than the growth in FY2023 since we have passed the anniversary of nearly all pricing increases designed to offset input cost inflation.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.65
CIMPRESS plc updated its FY2024 (fiscal year ending June 30, 2024) guidance (initiated).
- Period
- FY2024 (fiscal year ending June 30, 2024)
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
We expect FY2024 operating income of at least $205 million, and adjusted EBITDA of at least $420 million.
View on SEC.gov
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