NASDAQ$CMPR

Cimpress Plc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Achieved strong bottom-line results and allocated capital to share repurchases.

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.

Headline financials

Total Revenue

$820M

Previous: $826M-0.6%
EPS

$6.81

Previous: $2.17+213.8%
Adj. EBITDA Margin

23.0%

No prior period
Share Repurchases

$305M

No prior period
Capital Expenditures

-$28.1M

Previous: -$38.8M+27.5%
Free Cash Flow

$162M

Previous: $30.2M+436.0%
Net Income

$190M

Previous: $69M+175.6%
Operating Income

$122M

Previous: $90.6M+34.2%
Gross Profit

$426M

Previous: $414M+3.0%
Cash & Equivalents

$36.9M

Previous: $48.3M-23.5%
Total Assets

$2.02B

Previous: $1.97B+2.6%
Stock-Based Comp

$8.43M

Previous: -$2.72M+410.0%

Revenue & EPS history

Cimpress · Revenue · Quarterly

$820M

Q2 2020-0.6%vs Q2 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Cimpress · $355M total across 4 segments · Q3 2023

  • PrintBrothers
    $140M+16.3%
  • The Print Group
    $85.5M+13.5%
  • National Pen
    $81.1M+12.3%
  • All Other Businesses
    $49M+1.1%

Forward guidance

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.

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 Q2 2020

Historical avgQ2 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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