NASDAQ$PMTS
CPI Card Group Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
CPI Card Group's Q2 2024 performance saw a 3% increase in net sales, a decrease of 8% in net income, and a 6% decrease in Adjusted EBITDA, driven by growth in Debit and Credit and Prepaid Debit segments.
CPI Card Group Inc. reported a 3% increase in net sales to $118.8 million for the second quarter of 2024. Net income decreased by 8% to $6.0 million, and Adjusted EBITDA decreased by 6% to $21.9 million. The company has updated its full year net sales outlook to mid-single digit growth.
- Net sales increased 3% year-over-year to $118.8 million.
- Debit and Credit segment net sales increased 3% to $95.6 million.
- Prepaid Debit segment net sales increased 9% to $23.8 million.
- The Company updated its net sales outlook for 2024 to a mid-single digit increase.
Headline financials
Revenue & EPS history
CPI Card Group · Revenue · Quarterly
$119M
Revenue by segment
CPI Card Group · $106M total across 2 segments · Q3 2023
- Debit and Credit$83.8M-15.8%79.0%
- Prepaid Debit$22.3M-12.0%21.0%
Forward guidance
The Company updated its net sales outlook for 2024 to a mid-single digit increase and maintained its Adjusted EBITDA outlook of a slight increase for the full year.
Tailwinds
- Net sales outlook for 2024 increased to a mid-single digit increase.
- Increase in sales outlook was driven by strong Prepaid growth.
- Increase in sales outlook was driven by improved trends in debit and credit card sales.
- Maintained Adjusted EBITDA outlook of a slight increase for the full year.
- Company continues to expect its year-end 2024 Net Leverage Ratio to be between 3.0x and 3.5x.
Headwinds
- Profit growth in the second half is expected to be lower than sales growth.
- Anticipated impacts to SG&A, including investments to grow the business.
- Increased performance-related compensation relative to 2023.
- Free Cash Flow outlook was maintained at approximately half of the 2023 level.
- Impact of a contract with one of the Company’s larger customers, which should benefit cash flow through 2029, but negatively impact Free Cash Flow in 2024 due to up-front incentives.
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 2024
-2.1%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+9.6%
Avg return
30 days after
47%
21 / 45 earnings
Positive
+41.3%
Q4 2025
Best reaction
-48.9%
Q1 2016
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -6.5% | -8.8% | +3.7% | |
| Q4 2025 | +41.3% | +26.6% | +23.4% | |
| Q3 2025 | -20.3% | -21.3% | -18.5% | |
| Q1 2025 | +4.5% | -14.1% | -4.0% | |
| Q4 2024 | -6.7% | -11.6% | -16.8% | |
| Q3 2024 | +18.9% | +23.8% | +45.3% | |
| Q2 2024 | -10.8% | -1.8% | +1.2% | |
| Q1 2024 | +16.1% | +19.9% | +52.3% | |
| Q4 2023 | -18.8% | +2.4% | +0.8% | |
| Q3 2023 | -15.4% | -14.0% | +8.8% | |
| Q2 2023 | -3.8% | -4.2% | -15.0% | |
| Q1 2023 | -34.1% | -34.9% | -43.0% | |
| Q4 2022 | +20.7% | +9.0% | +28.5% | |
| Q3 2022 | +21.8% | +17.6% | +11.6% | |
| Q2 2022 | +7.0% | +10.8% | +4.3% | |
| Q1 2022 | +31.8% | +37.4% | +54.3% | |
| Q4 2021 | -5.7% | -0.6% | +17.2% | |
| Q3 2021 | -28.0% | -19.4% | -34.6% | |
| Q2 2021 | +0.3% | +20.6% | +76.0% | |
| Q1 2021 | +1.7% | +3.4% | +7.2% | |
| Q4 2020 | +40.1% | +28.5% | +102.3% | |
| Q3 2020 | +38.9% | +54.1% | +45.6% | |
| Q2 2020 | -23.6% | -28.8% | -43.0% | |
| Q1 2020 | +29.2% | +30.9% | +192.4% | |
| Q4 2019 | -1.9% | +10.1% | -19.0% | |
| Q3 2019 | -1.9% | -8.0% | -40.1% | |
| Q2 2019 | -3.7% | -3.3% | +21.7% | |
| Q1 2019 | +6.3% | +6.9% | +15.1% | |
| Q4 2018 | -1.9% | -3.7% | -12.7% | |
| Q3 2018 | -5.0% | -5.0% | -3.0% | |
| Q2 2018 | +18.0% | +14.7% | +61.6% | |
| Q1 2018 | -11.8% | -2.8% | +10.2% | |
| Q4 2017 | +1.6% | +0.3% | -19.8% | |
| Q3 2017 | -8.0% | -15.6% | -25.9% | |
| Q2 2017 | -42.9% | -60.7% | -65.7% | |
| Q1 2017 | -25.0% | -22.9% | -40.0% | |
| Q4 2016 | +4.4% | +0.0% | -6.7% | |
| Q3 2016 | -21.3% | -19.1% | -25.5% | |
| Q2 2016 | +3.6% | +8.8% | +25.0% | |
| Q1 2015 | -47.4% | — | — | |
| Q1 2016 | -48.9% | — | — | |
| Q2 2015 | +2.7% | — | — | |
| Q4 2015 | +1.4% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q3 2015 | -11.3% | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro