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.
该公司确认了其先前在3月份公布的2024年净销售额和调整后的息税折旧摊销前利润财务展望。该公司继续预计，全年净销售额和调整后的息税折旧摊销前利润将略有增长，上半年的下降被下半年的增长所抵消。
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.
该公司已将其自由现金流前景调整为2023年水平的一半左右，而之前的预期为比去年下降500万至1000万美元。与先前展望相比，这一变化主要反映了与公司一家较大客户新签订的合同的短期影响，该合同将有利于2029年的现金流，但由于前期激励措施，2024年的自由现金流将受到负面影响。与去年相比，自由现金流前景还反映了资本支出投资的增加，包括对印第安纳州最先进的安全卡生产设施的投资。该公司在2023年创造了2760万美元的自由现金流。
The Company continues to expect its year-end 2024 Net Leverage Ratio to be between 3.0x and 3.5x.
该公司继续预计，其2024年底的净杠杆率将在3.0倍至3.5倍之间。