Cimpress plc Reports Earnings Results for the Second Quarter Ended December 31, 2019
January 29, 2020 at 09:13 pm
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Cimpress plc announced earnings results for the second quarter ended December 31, 2019. For the second quarter, the company announced sales was USD 820.333 million compared to USD 825.567 million a year ago. Operating income was USD 121.595 million compared to USD 90.615 million a year ago. Net income was USD 190.223 million compared to USD 69.014 million a year ago. Basic earnings per share was USD 7.04 compared to USD 2.24 a year ago. Diluted earnings per share was USD 6.81 compared to USD 2.17 a year ago. For the half year, sales was USD 1,454.292 million compared to USD 1,414.548 million a year ago. Operating income was USD 146.974 million compared to USD 84.627 million a year ago. Net income was USD 210.254 million compared to USD 54.375 million a year ago. Basic earnings per share was USD 7.41 compared to USD 1.76 a year ago. Diluted earnings per share was USD 7.19 compared to USD 1.7 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.