Loading...
•
Sep 30, 2023
Cimpress Q1 2024 Earnings Report
Cimpress delivered solid results driven by revenue growth, gross margin expansion, leverage in advertising, and reduced operating expenses.
Key Takeaways
Cimpress' Q1 results showed solid growth with consolidated revenue increasing by 8% and operating income improving significantly by $52.1 million to $34.1 million. Adjusted EBITDA also saw substantial growth, up $43.1 million to $88.7 million, fueled by revenue growth, gross margin expansion, and reduced operating expenses. The company's cost reduction expectations remain on track, and inflationary pressures are subsiding more favorably than anticipated.
Consolidated revenue grew by 8% on a reported basis and 4% on an organic constant-currency basis.
Consolidated operating income improved by $52.1 million year over year to $34.1 million.
Adjusted EBITDA grew by $43.1 million year over year to $88.7 million.
Operating cash flow and adjusted free cash flow increased significantly year over year by $67.5 million and $63.1 million, to $42.3 million and $10.9 million, respectively.
Forward Guidance
Cimpress expects at least 8% consolidated FY2024 reported revenue growth and at least 6% organic constant-currency revenue growth. The company also anticipates operating income of at least $206 million and adjusted EBITDA of at least $425 million.
Positive Outlook
- Expecting at least 8% consolidated FY2024 reported revenue growth
- Expecting at least 6% organic constant-currency revenue growth
- Anticipating operating income of at least $206 million
- Anticipating adjusted EBITDA of at least $425 million
- Expect conversion of adjusted EBITDA to adjusted free cash flow of approximately 40%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...