Q3 2026 Cimpress PLC Earnings Call Transcript
Key Points
- Cimpress PLC (CMPR) reported a strong third quarter with adjusted EBITDA surpassing $100 million for the first time in a Q3 period, growing 11% year-over-year.
- The company raised its fiscal 2026 revenue and profit guidance, indicating strong year-to-date execution and confidence in future performance.
- Cimpress PLC (CMPR) achieved a 12% growth in consolidated Q3 revenue on a reported basis, with a 4% growth on an organic constant currency basis.
- Investments in manufacturing operations and artificial intelligence are reducing costs and increasing the velocity of new product introductions and user experience improvements.
- The company completed two tuck-in acquisitions expected to generate base case returns on capital well in excess of 20%, enhancing its product offerings and capturing cost synergies.
- Severe weather in North America negatively impacted results during January and February, although growth accelerated in March.
- Adjusted free cash flow declined to an outflow of $54.6 million, primarily due to higher seasonal working capital outflows and unfavorable currency movements.
- The company expects cost increases associated with recent increases in energy and oil prices, which could impact future profitability.
- Net leverage remained at 3.0 times trailing twelve-month EBITDA, indicating a need for continued focus on debt reduction.
- Despite strong performance, Cimpress PLC (CMPR) did not update its fiscal 2028 targets, suggesting that there is still significant work to be done to achieve long-term goals.
Welcome to the Cimpress third-quarter fiscal year 2026 earnings call. I will now introduce Meredith Burns, Vice President of Investor Relations and Sustainability. Please go ahead.
Thank you, Lisa, and thank you everyone for joining us. With us today are Robert Keane, our Founder, Chairman, and Chief Executive Officer, and Sean Quinn, EVP and Chief Financial Officer. We appreciate the time that you've dedicated to understand our results, commentary, and outlook. This live Q&A session will last about 45 minutes or so, and we'll answer both pre-submitted and live questions. You can submit questions live via the questions and answers box at the bottom left on the screen.
Before we start, I will note that in this session, we'll make statements about the future. Our actual results may differ materially from these statements due to risk factors that are outlined in detail in our SEC filings and the earnings document we published yesterday on our website. We also have
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