CPI Card Group Q2 net sales up 3% to $119M; raises FY net sales outlook to mid-single digit growth

CPI Card Group Inc.

2024-Q2 EPS reported $0.97 revenue$230,754,000

Q2 net sales $118.8M (+3% YoY), net income $6.0M (-8%), adj. EBITDA $21.9M (-6%).
Debit/Credit segment net sales up 3% to $95.6M; Prepaid Debit up 9% to $23.8M.
Issued $285M 10% Senior Secured Notes due 2029, new $75M ABL facility; redeemed $268M of 8.625% notes due 2026.
Raised FY 2024 net sales outlook to mid-single digit growth; maintained adj. EBITDA outlook of slight increase.
Repurchased ~$9M shares through June under $20M authorization; net leverage ratio 3.3x at Q2 end.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.