Cimpress' organic constant-currency revenue was flat year over year. However, the company delivered strong bottom-line results with highest-ever quarterly figures for operating income, adjusted EBITDA, cash from operations, and free cash flow. Adjusted return on invested capital increased to 25% compared to 14% at this time last year.
Organic constant-currency revenue was flat year over year.
GAAP operating income increased $31.0 million year over year to $121.6 million.
Adjusted EBITDA for Q2 FY2020 was $185.5 million, up from Q2 FY2019.
GAAP net income per diluted share for the second quarter was $6.81, versus $2.17 in the same quarter a year ago.
Cimpress expects flat-to-negative growth for Vistaprint for the foreseeable future as a result of the changes they have made including substantial reductions in advertising spend which they do not believe meets their return thresholds.
Visualization of income flow from segment revenue to net income