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Cimpress plc is a company that invests in and builds customer-focused, entrepreneurial, print mass-customization businesses for the long term. The company primarily generates revenue from the sale and shipment of customized manufactured products, including business cards, marketing materials, signage, decorated apparel, promotional products, and packaging. Additionally, Cimpress offers digital services, graphic design services, website design and hosting, and social media marketing services.
- Vista - Offers customized products and digital services, including graphic design, website design and hosting, and social media marketing.
- PrintBrothers - Focuses on specific product categories and markets, providing a range of print solutions.
- National Pen - Specializes in promotional products, particularly writing instruments and personalized gifts.
- The Print Group - Provides a variety of print products tailored to different customer needs.
- All Other Businesses - Includes various smaller segments offering diverse products and services within the print and customization industry.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Robert S. Keane ExecutiveBoard | Founder and Chief Executive Officer | Board member at Astronics Corporation | Robert S. Keane has been serving as the Founder, Chief Executive Officer, and Chairman of the Board at Cimpress plc since January 1995. He has a background in desktop publishing as well as active board membership with Astronics Corporation since December 2019. | View Report → |
Florian Baumgartner Executive | Executive Vice President and Chief Executive Officer of Vista | Florian Baumgartner is currently the Executive Vice President and Chief Executive Officer of Vista, a role he has held since February 2023. Previously, he served in various leadership positions at Cimpress, including his roles as Executive Vice President and President, International of Vista. | ||
Maarten Wensveen Executive | Executive Vice President and Chief Technology Officer | Maarten Wensveen has been the Executive Vice President and Chief Technology Officer at Cimpress since February 2019. He previously served as Senior Vice President from January 2017 to February 2019 and as Vice President of Technology from February 2015 to January 2017. | ||
Sean E. Quinn Executive | Executive Vice President and Chief Financial Officer | Board of Directors of Credit Acceptance Corporation | Sean E. Quinn has served as Chief Financial Officer at CMPR since October 2015 and as Executive Vice President since July 2016. He has held multiple senior financial roles at CMPR and also serves as a board member at Credit Acceptance Corporation. |
- Given the potential imposition of tariffs on Canadian goods and the repeal of the de minimis exemption, how do you plan to reassign revenue from your Ontario facility to U.S. plants, and what is the estimated cost and timeline to replicate that capacity stateside?
- With Q2 adjusted EBITDA declining by over $34 million and significant one-off items impacting margins, can you detail which cost reduction actions have been most effective and how you plan to ensure sustainable margin improvements going forward?
- Considering that cost per click in key U.S. consumer channels surged by about 50% during the holiday peak, how do you intend to offset these rising advertising costs while maintaining customer acquisition rates amidst intensified discount competition?
- Your remarks indicated a notable disparity between U.S. and European performance in consumer segments, with Europe showing more favorable outcomes—what specific strategic adjustments are being planned to address underperformance and declining trends in the U.S. market?
- With your North American production spread across facilities in the U.S., Canada, and Mexico—and nearly 2/3 of capacity in Mexico and Canada—do the U.S. facilities have the operational flexibility to absorb increased volumes if production is shifted, and what additional investments might be required?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Immaterial Business Acquisition 1 (PrintBrothers) | 2024 | This acquisition recognized $2,701,000 in goodwill and was considered immaterial, being integrated into the PrintBrothers segment that serves European graphic professionals. |
Immaterial Business Acquisition 2 (PrintBrothers) | 2024 | In fiscal year 2024, this immaterial acquisition in the PrintBrothers segment resulted in the recognition of $2,701 of goodwill with no additional strategic or structural details provided. |
European Company Investment (PrintBrothers) | 2023 | The acquisition involved the purchase of approximately 58% of a European company’s shares with a total cash consideration of $498 and recognized $4,724 in goodwill, while the net assets, revenue, and earnings impact were immaterial. |
European Company (PrintBrothers) | 2022 | Completed on January 21, 2022, this acquisition secured about 75% ownership for a total consideration of $11,218 (cash and noncash) with $9,253 in goodwill, financed using available cash and including a 25% redeemable noncontrolling interest. |
Depositphotos Inc. | 2022 | Completed on October 1, 2021, this acquisition for a total purchase price of $84,900 (comprising $76,119 in cash and $8,781 in deferred payments) was integrated into the Vista business segment, including significant intangible assets and $73,168 in goodwill, funded using cash on hand. |
Recent press releases and 8-K filings for CMPR.
- Q3 performance saw consolidated revenue grow modestly with Vista's organic constant currency growth of 3%, driven by strong sales in elevated product categories such as promotional products, signage, packaging, and labels.
- Management addressed tariff impacts on Chinese-sourced raw materials, outlining supply chain adjustments and pricing strategies to reduce exposure to under $20 million annually in the PPAG category.
- The company highlighted ongoing CapEx investments including the new U.S. Pixartprinting facility, while balancing capital allocation between growth initiatives and potential share buybacks to maintain a strong balance sheet.
- Vista Q3 revenue grew 3% on a reported basis and 4% on an organic constant-currency basis year over year.
- Promotional products, apparel and gifts, signage, and packaging categories delivered strong double-digit growth, while the business cards category declined 3%, with optimization efforts improving North American performance.
- Vista’s Q3 EBITDA increased by $1.3 million to $78.1 million, despite a 130 basis points contraction in gross margin due to a shift away from higher-margin legacy products.
- The 8-K filed on March 7, 2025 details the potential effects of recent US tariffs on Cimpress’ imported products from Canada, Mexico, and China, with an estimated annual impact of less than $10 million before mitigation ( ).
- Approximately 70% of affected products qualify for an informational materials exclusion, while the remaining products benefit from the de minimis exemption, limiting tariff exposure ( ).
- The company has announced near-term mitigation activities, including sourcing adjustments and pricing changes, to address potential future changes in tariff policies ( ).
- The report is formally signed by CFO Sean E. Quinn, confirming the filing's accuracy and compliance ( , ).
- Q2 results were disappointing, with consolidated revenue at 2% growth on both reported and organic constant currency bases and an adjusted EBITDA decline of over $34 million due to onetime benefits lapped from the prior year and short holiday season impacts.
- Management highlighted a focus on strategic cost efficiency, including pricing optimization and reallocation of ad spend, aiming to improve profitability for key segments such as Vista and Upload & Print.
- Revised guidance for the second half of the year includes expectations of at least 4% constant currency revenue growth, adjusted EBITDA of at least $220 million, and free cash flow of at least $50 million.
- Scenario planning for tariff risks was discussed, with contingency measures for potential shifts from the Ontario facility to U.S. sites, indicating flexibility in North American production across facilities in the U.S., Canada, and Mexico.
- Disappointing Q2 results led to a revised full-year outlook, driven by non-recurrence of favorable items, a shortened holiday season, and additional headwinds such as a $1.8 million postal strike impact and a $2.9 million land duty tax charge (index:0).
- Despite lower profitability, the company saw strong growth in complex products and remains focused on multi-year improvements in earnings and cash flow (index:0).
- A strategic capital management move included repurchasing 533,868 shares for $42.4 million in Q2 FY2025 (index:0).