NASDAQ$XBP

Xbp Europe Holdings Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

XBP Europe Holdings reported a decrease in revenue but an increase in gross margin for Q1 2024.

XBP Europe Holdings reported a 5.7% year-over-year decrease in revenue, totaling $40.4 million for Q1 2024. Despite the revenue decline, the company saw an increase in gross margin to 24.6%. The Technology segment's revenue grew by 24.3% year-over-year, now representing 28.4% of total revenues. The company also secured a multi-year contract with His Majesty’s Passport Office (HMPO) valued at approximately $40 million.

  • Revenue decreased by 5.7% year-over-year to $40.4 million.
  • Gross margin increased to 24.6%, up 250 bps year-over-year.
  • Net loss was $2.2 million, including $0.8 million in FX losses.
  • Technology segment revenue increased by 24.3% year-over-year, contributing 28.4% of total revenues.

Headline financials

Total Revenue

$40.3M

No prior period
EPS (adj)

-$0.07

Previous: -$0.11+36.4%
Capital Expenditures

-$385K

Previous: $622K-161.9%
Net Income

-$2.21M

Previous: -$2.51M+11.9%
Operating Income

$71K

Previous: -$1.03M+106.9%
Gross Profit

$9.94M

Previous: $9.46M+5.0%

Revenue & EPS history

Xbp Europe Holdings · Revenue · Quarterly

$40.3M

Q1 2024

Revenue by segment

Xbp Europe Holdings · $197M total across 2 segments · Q1 2026

  • Applied Workflow Automation
    $178M
  • Technology
    $18.7M

Forward guidance

No forward guidance was provided in the earnings report.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 13 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.3%

Avg return

Earnings day

+0.7%

Avg return

5 days after

-3.1%

Avg return

30 days after

33%

5 / 15 earnings

Positive

+40.8%

Q3 2024

Best reaction

-12.8%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+2.0%-14.8%
Q1 2026-6.6%+5.7%+7.9%
Q3 2025-4.9%-14.6%-15.5%
Q2 2025+0.0%+30.6%+121.7%
Q1 2025-4.4%-6.0%-14.7%
Q3 2024+40.8%+50.7%+17.7%
Q2 2024-6.3%-3.9%-6.3%
Q1 2024-12.8%-34.1%-64.1%
Q4 2023+0.0%-2.4%-36.4%
Q3 2023-2.7%+1.3%-55.9%
Q2 2023-1.7%-2.5%-0.5%
Q1 2023+0.1%+0.1%+1.0%
Q4 2022+0.0%+0.0%+0.6%
Q1 2022+0.0%+0.2%+0.5%
Q3 2021+0.2%+0.0%+0.2%

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