NASDAQ$CMPR
Cimpress Plc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Cimpress delivered solid results driven by revenue growth, gross margin expansion, leverage in advertising, and reduced operating expenses.
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.
Headline financials
Revenue & EPS history
Cimpress · Revenue · Quarterly
$757M
Revenue by segment
Cimpress · $355M total across 4 segments · Q3 2023
- PrintBrothers$140M+16.3%39.3%
- The Print Group$85.5M+13.5%24.1%
- National Pen$81.1M+12.3%22.8%
- All Other Businesses$49M+1.1%13.8%
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.
Tailwinds
- 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
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
-0.6%
Avg return
Earnings day
-0.9%
Avg return
5 days after
+1.3%
Avg return
30 days after
49%
33 / 67 earnings
Positive
+24.2%
Q4 2020
Best reaction
-29.1%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +8.6% | +12.8% | +21.0% | |
| Q2 2026 | +0.3% | -1.7% | -6.2% | |
| Q1 2026 | +11.1% | -1.0% | +3.1% | |
| Q3 2025 | -6.6% | -4.6% | +5.3% | |
| Q2 2025 | -5.5% | -18.4% | -35.2% | |
| Q1 2025 | -8.7% | -2.6% | +6.2% | |
| Q4 2024 | +4.7% | -8.8% | +8.3% | |
| Q3 2024 | -3.1% | -2.2% | -3.2% | |
| Q2 2024 | +17.2% | +15.3% | +27.6% | |
| Q1 2024 | -2.3% | -5.5% | +14.1% | |
| Q4 2023 | +6.3% | +8.5% | -2.1% | |
| Q3 2023 | +20.1% | +17.2% | +13.0% | |
| Q2 2023 | -9.3% | -6.2% | +0.3% | |
| Q1 2023 | -16.0% | +1.4% | +21.7% | |
| Q4 2022 | +14.2% | +13.6% | +5.9% | |
| Q3 2022 | -7.7% | -9.6% | -20.9% | |
| Q2 2022 | -6.6% | -6.5% | -13.5% | |
| Q1 2022 | -1.3% | +2.0% | -12.6% | |
| Q4 2021 | -9.9% | -10.6% | -18.7% | |
| Q3 2021 | +0.2% | +2.3% | +3.5% | |
| Q2 2021 | +6.4% | -10.9% | -4.0% | |
| Q1 2021 | -3.1% | -2.2% | +18.5% | |
| Q4 2020 | +24.2% | +17.9% | +15.1% | |
| Q3 2020 | +4.5% | +3.6% | +13.4% | |
| Q2 2020 | -3.9% | -3.4% | -0.5% | |
| Q1 2020 | +1.6% | +7.8% | -1.4% | |
| Q4 2019 | +8.8% | +7.9% | +20.7% | |
| Q3 2019 | -5.1% | -4.3% | -3.2% | |
| Q2 2019 | -29.1% | -29.8% | -29.7% | |
| Q1 2019 | -10.4% | -10.4% | -3.1% | |
| Q4 2018 | -2.2% | +0.5% | -4.2% | |
| Q3 2018 | -1.3% | -2.9% | -1.9% | |
| Q2 2018 | +16.5% | +21.8% | +22.5% | |
| Q1 2018 | +7.7% | +8.9% | +11.8% | |
| Q4 2017 | -5.1% | -3.9% | -2.0% | |
| Q3 2017 | -1.3% | -3.8% | +4.5% | |
| Q2 2017 | -11.5% | -12.5% | -14.9% | |
| Q1 2017 | -13.0% | -13.0% | -9.5% | |
| Q4 2016 | -2.8% | -0.5% | +2.4% | |
| Q3 2016 | -6.9% | — | — | |
| Q2 2016 | +4.2% | — | — | |
| Q1 2016 | +2.9% | — | — | |
| Q4 2015 | -16.3% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | +10.1% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | -27.8% | — | — | |
| Q2 2014 | -4.1% | — | — | |
| Q1 2014 | +2.7% | — | — | |
| Q4 2013 | -3.1% | — | — | |
| Q3 2013 | +1.2% | — | — | |
| Q2 2013 | -8.8% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +5.4% | — | — | |
| Q3 2012 | -12.8% | — | — | |
| Q2 2012 | +8.2% | — | — | |
| Q1 2012 | -7.1% | — | — | |
| Q4 2009 | -5.5% | — | — | |
| Q4 2011 | -5.5% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q2 2011 | +7.9% | — | — | |
| Q1 2010 | +4.9% | — | — | |
| Q1 2011 | +4.9% | — | — | |
| Q4 2010 | +4.9% | — | — | |
| Q2 2010 | +4.9% | — | — |
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