Cimpress N.V. (CMPR - Free Report) reported first-quarter fiscal 2020 GAAP earnings of $20 million or 66 cents per share against a loss of $14.6 million or 47 cents per share in the year-ago quarter. Moreover, the bottom line beat the Zacks Consensus Estimate of 42 cents.
Total revenues for the fiscal first quarter were $634 million compared with $589 million a year ago. Also, the top line beat the consensus estimate of $632 million.
National Pen segment generated revenues of $70.2 million, up 6.3% year over year. Vistaprint — the largest revenue generating segment of the company — witnessed a decline in revenues. Aggregate quarterly revenues from Vistaprint totaled $343.2 million, down from $345.3 million.
PrintBrothers segment’s revenues increased to $109.3 million from $101.4 million due to improved operating metrics. The Print Group generated revenues of $72.3 million, up 1.8% year over year. Moreover, revenues from All Other Businesses increased to $42.3 million from $7.7 million.
Gross margin came in at 48.6%, flat on a year-over-year basis.
Balance Sheet and Cash Flow
As of Sep 30, 2019, Cimpress had $31.2 million in cash and cash equivalents compared with $48.1 million in the prior-year quarter. At the end of the quarter, total debt was $1,227.8 million, up from $863.6 million.
In the fiscal first quarter, Cimpress repurchased 1,963,629 shares for $232.3 million. Net cash provided by operating activities was $62.9 million, higher than $22.2 million in the year-ago quarter.
Zacks Rank & Other Stocks to Consider
Cimpress currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks in the same space are Brady Corporation (BRC - Free Report) , Cintas Corporation (CTAS - Free Report) Dover Corporation (DOV - Free Report) . All these companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Brady delivered average earnings surprise of 9.68% in the trailing four quarters.
Cintas delivered average earnings surprise of 6.26% in the trailing four quarters.
Dover pulled off average positive earnings surprise of 6.70% in the trailing four quarters.
Free: Zacks’ Single Best Stock Set to Double
Today you are invited to download our just-released Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.
This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.
Download Free Report Now >>