Cimpress plc Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2022
January 25, 2023 at 04:08 pm EST
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Cimpress plc reported earnings results for the second quarter and six months ended December 31, 2022. For the second quarter, the company reported sales was USD 845.2 million compared to USD 849.72 million a year ago. Net loss was USD 140 million compared to net income of USD 54.79 million a year ago. Basic loss per share from continuing operations was USD 5.34 compared to basic earnings per share from continuing operations of USD 2.1 a year ago. Diluted loss per share from continuing operations was USD 5.34 compared to diluted earnings per share from continuing operations of USD 2.08 a year ago.
For the six months, sales was USD 1,548.62 million compared to USD 1,507.32 million a year ago. Net loss was USD 165.44 million compared to net income of USD 48.09 million a year ago. Basic loss per share from continuing operations was USD 6.31 compared to basic earnings per share from continuing operations of USD 1.84 a year ago. Diluted loss per share from continuing operations was USD 6.31 compared to diluted earnings per share from continuing operations of USD 1.82 a year ago.
Cimpress plc is focused on mass customization of printing and related products, via which it delivers volumes of individually small-sized customized orders. Its segments include Vista, PrintBrothers, The Print Group, National Pen and All Other Businesses. The Vista segment includes Vista, the parent brand of multiple offerings, including VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Depositphotos. The PrintBrothers segment includes its druck.at, Printdeal, and WIRmachenDRUCK businesses. The Print Group segment includes its Easyflyer, Exaprint, Pixartprinting, and Tradeprint businesses. The National Pen segment includes the global operations of its National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel and gifts. The All Other Businesses segment includes two businesses grouped together based on materiality. Its products are marketing materials, business cards, signage, packaging and others.