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Cimpress plc (CMPR-0.48%) has submitted its 10-Q filing for the quarterly period ended December 31, 2024.
The filing reports a 2% increase in revenue to $939.2 million for the quarter, with organic constant-currency revenue growth also at 2%. Operating income decreased by $26.7 million to $80.9 million, while adjusted EBITDA decreased by $34.2 million to $132.3 million.
Net income for the quarter was $61.6 million, with diluted net income per share increasing to $2.36 from $2.14 in the previous year. Cash provided by operating activities was $180.9 million, down from $217.2 million in the prior year.
Cimpress reported a total of $1,917.9 million in assets and $2,452.9 million in liabilities as of December 31, 2024. The company had 24,820,543 ordinary shares outstanding as of January 27, 2025.
The report highlights changes in segment revenue, with Vista reporting a 3% increase and PrintBrothers reporting a 5% increase. The Print Group and National Pen both reported revenue growth of 7% and 1%, respectively.
Cimpress continues to focus on its mass customization strategy, offering a broad range of marketing materials and products. The company notes challenges in supply chain management and currency exchange rate fluctuations.
The filing also details financial agreements, including a senior secured credit facility and the issuance of 7.375% senior notes due 2032. The company reports compliance with all debt covenants.
Cimpress does not anticipate cash dividend payments to common stockholders in the near future. The company is engaged in share repurchase programs, having repurchased 657,193 shares for $53.0 million during the quarter.
The filing includes updates on legal proceedings, noting no material legal matters currently affecting the company. Cimpress also outlines risks related to global operations and potential impacts of changes in tax laws.
Cimpress identified no significant changes in internal controls over financial reporting during the quarter. The company continues to evaluate its financial and operational strategies to enhance shareholder value.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the Cimpress plc quarterly 10-Q report dated January 31, 2025. To report an error, please email earnings@qz.com.