Cimpress plc reported its financial results for the second quarter of fiscal year 2025, with consolidated revenue reaching $939.159 million. This represented a 2% reported growth year-over-year, and a 4% organic constant-currency growth for the year-to-date period. However, the company's profitability metrics showed a notable decline.
Consolidated operating income decreased to $80.949 million from $107.679 million in the prior year's quarter. Adjusted EBITDA also saw a significant year-over-year decline of 21%, falling to $132.254 million. The company reported a net income of $61.1 million, or $2.36 per share, which missed Wall Street expectations.
The decline in profitability was attributed to several factors, including the non-recurrence of $12 million in one-time favorable items from the prior year. Additionally, a Canadian postal strike impacted revenue by an estimated $3 million and gross profit by $1.8 million, while a $2.9 million land duty tax charge in Australia further weighed on results. Increased advertising costs and weaker organic search performance in the U.S. also contributed to the shortfall.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.