Cimpress plc (NASDAQ:CMPR) Q2 2023 Earnings Conference Call January 26, 2023 8:00 AM ET

Company Participants

Meredith Burns – Vice President-Investor Relations

Robert Keane – Founder, Chairman and Chief Executive Officer

Sean Quinn – Executive Vice President and Chief Financial Officer

Conference Call Participants

Operator

Welcome to the Cimpress Second Quarter Fiscal Year 2023 Earnings Call.

I would now introduce Meredith Burns, Vice President of Investor Relations and Sustainability. Please go ahead.

Meredith Burns

Thank you, Catherine, and thank you, everyone, for joining us today. After a positive investor feedback from our Q4 FY 2022 public earnings call, we have decided to reinstate quarterly public earnings calls, and we'll continue them as long as they continue to be useful to investor understanding of our financial and operating performance. With us today are Robert Keane, our Founder, Chairman and Chief Executive Officer; and Sean Quinn, EVP and Chief Financial Officer. I hope you've all had a chance to read our earnings document. We really do appreciate the time that you've dedicated to understanding our results, commentary and outlook.

This live Q&A session will last 45 minutes to an hour, and questions – you can submit questions via the question-and-answer box on the bottom left of the screen. Before we start, I'll note that in this session, we're likely to make statements about the future. Our actual results may differ materially from these statements due to risk factors that are outlined in detail in our SEC filings and the documents that we published yesterday on our website. We invite you to read them.

And now I will turn things over to Sean and Robert for some brief remarks before we take questions.

Sean Quinn

Great. Thanks a lot, Meredith, and thanks everyone for joining us today. I'm just going to start by highlighting a few key points from the results that we published yesterday, along with our outlook. As we outlined back in our September Investor Day, the fiscal year results for this year, we're going to be characterized by margin compression in the first half of the year as we annualized the impact of cost inflation that accelerated in the second half of last year also as we annualized the impact of last year's investments in Vista and we experienced some unfavorable shifts in our product mix from a margin perspective. And we said that as we exit this fiscal year, we expect to be on a path to expanding our EBITDA, both through margin expansion and through revenue growth.