earnings
confidence high
sentiment positive
materiality 0.75
CPI Card Group Q4 net sales up 22% to $125M; net income up 148%; guides mid-to-high single-digit growth for 2025
CPI Card Group Inc.
- Q4 net sales $125.1M (+22% YoY); net income $6.8M (+148%); diluted EPS $0.57.
- Full yr net sales $480.6M (+8%); net income $19.5M (-19% due to $8.8M debt refinancing costs); Adj EBITDA $91.9M (+3%).
- Prepaid Debit segment net sales $106.5M (+26% YoY); driven by higher-value packaging and healthcare payment solutions.
- 2025 outlook: mid-to-high single-digit net sales & Adj EBITDA growth; Free Cash Flow slightly below 2024; Net Leverage below 3.0x.
- Completed debt refinancing: $285M 10% Senior Secured Notes due 2029, new $75M ABL revolver.