Cimpress N.V. (CMPR) Tops Q3 EPS by 31c

Cimpress N.V. (NASDAQ: CMPR) reported Q3 EPS of $0.72, $0.31 better than the analyst estimate of $0.41. Revenue for the quarter came in at $339.9 million versus the consensus estimate of $337.28 million.

Cimpress N.V. sees FY2015 EPS of $4.00-$4.20, versus the consensus of $3.99. Cimpress N.V. sees FY2015 revenue of $1.46-1.48 billion, versus the consensus of $1.46 billion.

“Our Vistaprint brand continues to show positive customer loyalty momentum in the wake of significant and on-going improvements to its customer value proposition,” said Robert Keane, president and chief executive officer. “This includes continued reductions to traditional Vistaprint practices such as aggressive cross-selling, which create on-going revenue headwinds in all Vistaprint geographic markets. However, Vistaprint’s net growth rate continues to improve in geographies where the value proposition improvements are most advanced because the force of long-term loyalty tailwinds is overcoming that of the revenue headwinds.”

Keane added, “We also continue to invest heavily in our vision to build a common mass customization platform that we bring to market via multiple, focused brands; in new product development; and in building foundational capabilities in potentially large and valuable geographic markets such as India, Japan and Brazil.

“As we pass the anniversary of the Pixartprinting and Printdeal acquisitions, we have been pleased with their sustained revenue and bottom-line performance,” Keane continued. “Subsequent to the end of the quarter we closed the acquisitions of Exagroup and Druck.at, which together represent an initial investment of over €110 million. As we integrate these firms into Cimpress over the coming years, we expect them to bring strong operational capabilities that we will incorporate into our mass customization platform and focused brands that will operate as part of our growing portfolio of brands.”

For earnings history and earnings-related data on Cimpress N.V. (CMPR) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M
• CaliberCos Inc (CWD) Misses Q2 EPS by 43c; Offers Guidance