earnings
confidence high
sentiment positive
materiality 0.75
CPI Card Group Q2 sales up 22% to record $113M; raises full-year outlook
CPI Card Group Inc.
2022-Q2 EPS reported
$1.04
revenue$224,732,000
- Net sales $113.3M (+22% YoY); net income $6.2M (-1%); Adj. EBITDA $19.7M (+2%).
- Debit & Credit segment sales +29% to $94.2M; Prepaid Debit -6% to $19.2M.
- Raised 2022 outlook: now expects high teens net sales growth, low double-digit Adj. EBITDA growth.
- Sold nearly 80M eco-focused cards since late 2019; ~14,000 Card@Once installations.
- Net leverage ratio 4x; reduced senior secured notes by $20M; increased ABL facility to $75M.