NASDAQ$CMPR

Cimpress Plc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Cimpress experienced revenue growth and managed inflationary pressures

Cimpress' Q3 FY2022 reported revenue grew by 15% year-over-year, with organic constant-currency revenue growth at 17%. The company managed inflationary and supply chain challenges while investing in its Vista platform. Consolidated gross profit increased, though gross margin declined slightly. Net leverage was 4.44x trailing-twelve-month EBITDA.

  • Q3 FY2022 reported revenue growth was 15% year-over-year and organic constant-currency revenue growth was 17%.
  • Consolidated gross profit increased year over year by $33.1 million, or 12%.
  • Vista revenue growth accelerated, led by European markets, with successful launch of new technology platform in the United States.
  • Upload and print businesses delivered strong results, exceeding pre-pandemic periods despite cost increases.

Headline financials

Total Revenue

$657M

Previous: $579M+13.6%
EPS (adj)

-$2.75

Previous: -$1.50-83.3%
Capital Expenditures

-$42.1M

Previous: -$22.7M-85.4%
Free Cash Flow

-$114M

Previous: -$61.8M-84.4%
Net Income

-$71.8M

Previous: -$39.1M-83.9%
Operating Income

-$28.4M

Previous: -$15.7M-81.2%
Gross Profit

$310M

Previous: $277M+12.0%
Cash & Equivalents

$162M

Previous: $36.4M+344.2%
Total Assets

$2.12B

Previous: $1.78B+19.1%
Stock-Based Comp

$12.7M

Previous: $9.55M+33.1%

Revenue & EPS history

Cimpress · Revenue · Quarterly

$657M

Q3 2022+13.6%vs Q3 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Cimpress · $316M total across 4 segments · Q3 2022

  • PrintBrothers
    $120M+27.6%
  • The Print Group
    $75.4M+25.7%
  • National Pen
    $72.2M+16.1%
  • All Other Businesses
    $48.5M+10.0%

Forward guidance

Cimpress expects to delever from current levels in FY2023 as it starts to realize more material benefits of investments across Cimpress.

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 Q3 2022

Historical avgQ3 2022

-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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