CPI Card Expects Slight Increases In Both Net Sales And Adjusted EBITDA For Full Year, With Declines In The First Half Of The Year Offset By Growth In Second Half
CPI Card Expects Slight Increases In Both Net Sales And Adjusted EBITDA For Full Year, With Declines In The First Half Of The Year Offset By Growth In Second Half
The Company affirmed its net sales and Adjusted EBITDA financial outlook for 2024, which was previously provided in March. The Company continues to expect slight increases in both net sales and Adjusted EBITDA for the full year, with declines in the first half of the year offset by growth in the second half.
該公司確認了其先前在3月份公佈的2024年淨銷售額和調整後的息稅折舊攤銷前利潤財務展望。該公司繼續預計，全年淨銷售額和調整後的息稅折舊攤銷前利潤將略有增長，上半年的下降被下半年的增長所抵消。
The Company has adjusted its Free Cash Flow outlook to be approximately half of the 2023 level, which compares to the previous outlook of $5 million to $10 million below prior year. The change compared to the prior outlook primarily reflects the near-term impact of the newly signed contract with one of the Company's larger customers, which should benefit cash flow through 2029, but negatively impact Free Cash Flow in 2024 due to up-front incentives. Compared to prior year, the Free Cash Flow outlook also reflects increased capital spending investment, including investment in a new state-of-the-art secure card production facility in Indiana. The Company generated $27.6 million of Free Cash Flow in 2023.
該公司已將其自由現金流前景調整爲2023年水平的一半左右，而之前的預期爲比去年下降500萬至1000萬美元。與先前展望相比，這一變化主要反映了與公司一家較大客戶新簽訂的合同的短期影響，該合同將有利於2029年的現金流，但由於前期激勵措施，2024年的自由現金流將受到負面影響。與去年相比，自由現金流前景還反映了資本支出投資的增加，包括對印第安納州最先進的安全卡生產設施的投資。該公司在2023年創造了2760萬美元的自由現金流。
The Company continues to expect its year-end 2024 Net Leverage Ratio to be between 3.0x and 3.5x.
該公司繼續預計，其2024年底的淨槓桿率將在3.0倍至3.5倍之間。
譯文內容由第三人軟體翻譯。