Cimpress PLC (CMPR) News & EventsCMPRCimpress PLC

Meta and IBM Shares Rise 7% After Earnings

US equity futures are mixed in the opening hour of the evening session as markets digest corporate earnings out of Big Tech - Metaand IBMare faring the best out of high-profile names, both gaining 7% afterhours, while Microsoftis slipping despite topping estimates following in-line guide given on the earnings call. Teslawas up mid-single-digits on earnings, though shares had pared some gains afterhours as the company indicated that 2026 capex would dwarf last year, calling 2026 a "new book" rather than a "new chapter" for the company. Dow Industrials futures are down 0.3%, S&P e-minis are off by 0.2%, and Nasdaq 100 futures are slipping by 0.1%.Precious metals continue to soar in the wake of US Dollar weakness sustained further by the FOMC decision featuring two dovish dissenters. Gold is now above $5,500 while Silver trades north of $118 per ounce. Energy is also waking up to the rally in commodities as WTI Crude Oil tops $63 per barrel - the highest level since September.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Deluxeup 10.9%IBMup 7.6%Metaup 7.3%C.H. Robinson Worldwideup 6.9%Lam Researchup 6.0%Viavi Solutionsup 5.1%Tetra Techup 4.5%Hexcelup 3.0%CONMEDup 2.6%Teslaup 1.2%DOWN AFTER EARNINGS -Las Vegas Sandsdown 9.9%Whirlpooldown 8.5%LendingClubdown 7.7%Microsoftdown 6.3%ServiceNowdown 6.3%Calixdown 2.2%Cimpress plcdown 1.6%ALSO LOWER -Comstockdown 13.0% after equity offeringJoby Aviationdown 11.1% after $1B convertible debt / common stock offering

Company Raises FY2026 Outlook, Expects Net Income of At Least $79 Million

The company states: "We are raising our previously established FY2026 annual outlook as follows: * Revenue growth of 7% - 8%, and organic constant-currency revenue growth of 3% - 4%. This assumes full-year currency rates similar to recent average rates. Net income of at least $79 million and adjusted EBITDA of at least $460 million. Operating cash flow of $313 million, and adjusted free cash flow of approximately $145 million. FY2026 is a significant year of capital expenditures as we expand our product offering and focused production hubs, which is a key enabler to both organic revenue growth opportunities and lowering our cost structure. As noted previously, our FY2026 guidance incorporates potential trade and macroeconomic risks. We remain well positioned financially to navigate volatility. We remain confident in our ability to deliver our FY2028 targets of at least $200 million in net income and $600 million in adjusted EBITDA, with approximately 45% conversion to adjusted free cash flow. Beyond organic growth, we plan to generate $70 million to $80 million in annualized efficiency benefits exiting FY2027. product expansion and manufacturing and supply chain, have positioned us well to evaluate a healthy pipeline of tuck-in M&A and potential partnership opportunities that we believe in the aggregate can have a positive impact on our results in future years as a part of our roadmap to delivering FY2028 targets. Achieving our FY2028 outlook will generate strong per-share free cash flow growth and significantly reduce our net leverage ratio. We continue to expect net leverage at the end of FY2026 to be slightly below the end of FY2025 level of 3.1x. We expect that we will reduce net leverage to approximately 2.5x trailing-twelve-month EBITDA as calculated under our credit agreement exiting FY2027 on the way to meaningfully below 2.0x net leverage ending this three-year period, subject to capital allocation choices such as share repurchases."