Cimpress Delivers Strong FY2026, Guides to Significant Profit Growth in FY2027–2028
CMPR sits 81% above its 52-week low of $48.51.
Summary
Cimpress posted strong FY2026 results with revenue up 10% and net income of $97.1M, and issued FY2027 guidance for at least $520M adjusted EBITDA and $200M adjusted free cash flow, while raising FY2028 targets.
Key Events · Earnings and Guidance · CMPR
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FY2026 Revenue Up 10%, Net Income $97.1M
Full-year revenue reached $3.74B, with organic constant-currency growth of 4%. Net income swung to $97.1M from $12.9M, driven by operating income growth and lower interest expense.
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FY2027 Guidance: Adjusted EBITDA ≥$520M
Management expects at least 7% reported revenue growth, net income ≥$125M, adjusted EBITDA ≥$520M, and adjusted free cash flow of ~$200M, reflecting confidence in margin expansion.
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FY2028 Targets Raised to $615M Adjusted EBITDA
Cimpress increased its FY2028 profitability targets, now expecting net income ≥$192M and adjusted EBITDA ≥$615M, with ~45% conversion to adjusted free cash flow.
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Net Leverage Expected to Decline Significantly
Net leverage stood at 2.9x at June 30, 2026, and is projected to fall to ~2.5x exiting FY2027 and meaningfully below 2.0x exiting FY2028, subject to capital allocation.
Analysis · CMPR · Manufacturing
A solid Q4 capped a year in which revenue rose 10% to $3.74B and net income swung to $97.1M from $12.9M. For FY2027, management guided to at least $520M in adjusted EBITDA and $200M in adjusted free cash flow, while raising FY2028 targets to $615M adjusted EBITDA. These figures underscore confidence in sustained margin expansion and cash generation, backed by manufacturing investments and recent acquisitions. The balance sheet remains robust with $249M cash and an undrawn $250M revolver, and net leverage is expected to decline meaningfully. A newly launched strategic partnership with Canva adds a growth catalyst. The only blemish is a $4.7M Canadian duty write-off and tariff uncertainty, though guidance already embeds known tariff impacts.
At the time of this filing, CMPR was trading at $88.00 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $48.51 to $106.58. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.