CPI Card Group Inc. (NASDAQ:PMTS) Q2 2023 Earnings Conference Call August 8, 2023 9:00 AM ET

Company Participants

Mike Salop - Head, Investor Relations

Scott Scheirman - President & Chief Executive Officer

John Lowe - Executive Vice President, End-to-End Payment Solutions

Jeff Hochstadt - Chief Financial Officer

Conference Call Participants

Jaeson Schmidt - Lake Street Capital Markets

Bill Charters - Sabal Capital

Operator

Welcome to the CPI Card Group's Second Quarter 2023 Earnings Call. My name is Chris, and I will be your operator today. If you're viewing on the webcast, you may advance the slides forward by pressing the arrow buttons. The call will be open for questions after the company's remarks. [Operator Instructions]

Now, I’d like to turn the call over to Mike Salop, CPI's Head of Investor Relations.

Mike Salop

Thanks, operator, and good morning, everyone. Welcome to the CPI Card Group second quarter 2023 earnings webcast and conference call. Today's date is August 8, 2023. And on the call today from CPI Card Group are Scott Scheirman, President and Chief Executive Officer; Jeff Hochstadt, Chief Financial Officer; and John Lowe, Executive Vice President, End-to-End Payment Solutions.

Before we begin, I'd like to remind everyone that this call may contain forward-looking statements as they are defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements.

For a discussion of such risks and uncertainties, please see CPI Card Group's most recent filings with the SEC. All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statements to reflect the events that occur after this call.

Also, during the course of today's call, the company will be discussing one or more non-GAAP financial measures, including, but not limited to, EBITDA, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio and free cash flow. Reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures are included in the press release and slide presentation we issued this morning.

Copies of today's press release, as well as the presentation that accompanies this conference call are accessible on CPI's Investor Relations website, investors.cpicardgroup.com. In addition, CPI's Form 10-Q for the quarter ended June 30, 2023 will be available on CPI's Investor Relations website. On today's call, all growth rates refer to comparisons with the prior year period, unless otherwise noted.