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CompoSecure (CMPO)
NASDAQ:CMPO
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
$0.26Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2024
|% Change Since: 1.47%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
CompoSecure's earnings call presented a mix of strong quarterly performance, driven by international sales and new contracts, alongside cautious outlooks for future growth and financial challenges. The company is making strategic investments for future growth, though it faces challenges from competition and market uncertainties.Company Guidance
In the third quarter 2024 earnings call for CompoSecure (CMPO), the company provided updated guidance and insights into its financial performance and strategic initiatives. The revised 2024 net sales guidance is set between $418 million and $424 million, with adjusted EBITDA expected to range from $148 million to $151 million. CompoSecure reported a notable 11% increase in net sales, reaching $107.1 million, and an adjusted EBITDA growth of 13% to $40 million in Q3. The company emphasized its commitment to future growth through investments in M&A capabilities and highlighted the Resolute transaction, which is projected to boost free cash flow by approximately $20 million annually. Despite a GAAP net loss due to noncash adjustments, CompoSecure continues to see strong international performance and has signed a two-year contract extension with Capital One. The company also highlighted its efforts to build a high-performance culture and improve operational efficiencies, while remaining vigilant about challenges such as increased competition and the rise of digital wallets.Double-Digit Growth in Q3
The company delivered double-digit growth in net sales and adjusted EBITDA for the third quarter, driven by strong international performance and consistent sales execution.
Contract Extension with Capital One
CompoSecure signed a 2-year contract extension with one of its larger customers, Capital One, demonstrating continued trust in its products.
International Sales Surge
International sales performed well in Q3, up 13% or $6 million from the prior year.
Improved Financial Metrics
Gross profit for Q3 was up 13% to $26 million, with gross margins increasing to 52%. Adjusted EBITDA increased by 13% to $40 million, and adjusted net income was up 18%.
Arculus Investment Trending Favorably
Net investment from Arculus is trending favorably, with year-to-date total net investment at $6.5 million versus $11 million during the same period last year.
Debt Refinancing and Strong Cash Position
Completed significant debt refinancing and reported $52.7 million in cash and cash equivalents as of September 30, 2024.
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CMPO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMPO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | $15.63 | $13.94 | -10.81% |
| Aug 07, 2024 | $7.51 | $9.70 | +29.16% |
| May 06, 2024 | $6.92 | $7.19 | +3.90% |
| Mar 06, 2024 | $4.49 | $5.65 | +25.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CompoSecure (CMPO) report earnings?
CompoSecure (CMPO) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is CompoSecure (CMPO) earnings time?
CompoSecure (CMPO) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMPO EPS forecast?
CMPO EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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