Cimpress N.V. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015
January 28, 2016 at 02:35 am IST
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Cimpress N.V. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, revenue was $496,274,000 compared to $439,905,000 a year ago. Income from operations was $67,609,000 compared to $59,888,000 a year ago. Income before income taxes was $65,139,000 compared to $66,712,000 a year ago. Net income was $58,060,000 compared to $62,862,000 a year ago. Net income attributable to company was $58,388,000 or $1.80 diluted per share compared to $63,609,000 or $1.89 diluted per share a year ago. Net cash provided by operating activities was $133,959,000 compared to $138,224,000 a year ago. Purchases of property, plant and equipment was $19,156,000 compared to $18,268,000 a year ago. Purchases of intangible assets were $45,000 compared to $60,000 a year ago. Free cash flow was $109,090,000 compared to $115,986,000 a year ago. Adjusted net operating profit after tax was $82,500,000 against $67,136,000 a year ago.
For the six months, revenue was $872,022,000 compared to $773,837,000 a year ago. Income from operations was $79,694,000 compared to $76,747,000 a year ago. Income before income taxes was $78,340,000 compared to $92,361,000 a year ago. Net income was $67,321,000 compared to $86,279,000 a year ago. Net income attributable to company was $68,398,000 or $2.07 diluted per share compared to $87,303,000 or $2.62 diluted per share a year ago. Net cash provided by operating activities was $159,676,000 compared to $190,844,000 a year ago. Purchases of property, plant and equipment was $43,549,000 compared to $34,952,000 a year ago. Purchases of intangible assets were $402,000 compared to $145,000 a year ago. Free cash flow was $107,222,000 compared to $148,298,000 a year ago. Part of the significant year-over-year growth in GAAP net income is due to below-the-line currency movements that created losses in the year-ago period but gains in the current period. Adjusted net operating profit after tax was $98,862,000 against $89,747,000 a year ago.
Cimpress plc is focused on mass customization of printing and related products, via which it delivers volumes of individually small-sized customized orders. Its segments include Vista, PrintBrothers, The Print Group, National Pen and All Other Businesses. The Vista segment includes Vista, the parent brand of multiple offerings, including VistaPrint, VistaCreate, 99designs by Vista, Vista Corporate Solutions, and Depositphotos. The PrintBrothers segment includes its druck.at, Printdeal, and WIRmachenDRUCK businesses. The Print Group segment includes its Easyflyer, Exaprint, Pixartprinting, and Tradeprint businesses. The National Pen segment includes the global operations of its National Pen business, which manufactures and markets custom writing instruments and promotional products, apparel and gifts. The All Other Businesses segment includes two businesses grouped together based on materiality. Its products are marketing materials, business cards, signage, packaging and others.