Welcome to our dedicated page for CPI Card Group news (Ticker: PMTS), a resource for investors and traders seeking the latest updates and insights on CPI Card Group stock.
CPI Card Group Inc. (symbol: PMTS) is a leading payment technology company that specializes in providing comprehensive financial payment card solutions and services. With a strong focus on quality and customer service, CPI Card Group has built a solid reputation in the market. The company offers a wide range of products including credit, debit, and prepaid cards, catering to the needs of card-issuing banks and prepaid debit card program managers in the United States.
CPI Card Group operates through two main business segments:
- Debit and Credit: This segment produces financial payment cards and provides integrated card services, making it a significant revenue contributor.
- Prepaid Debit: This segment offers integrated card services to prepaid debit card program managers in the United States.
With over 20 years of experience in the payments market, CPI Card Group continues to grow, achieving a card production volume exceeding 1.3 billion annually. The company serves its customers from nine locations across the United States, Canada, and the United Kingdom, boasting the largest network of certified high-security facilities in North America.
CPI Card Group is committed to innovation, offering cutting-edge mobile technologies and fulfillment services. Recent achievements include advancements in card personalization and the expansion of its high-security facilities to meet increasing demand.
For investors and stakeholders looking for the latest updates and relevant information about the company's performance, events, and developments, CPI Card Group remains a trusted and reliable entity in the financial payment card industry.
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CPI Card Group Inc. (PMTS) executives to host investor meetings at the 36th Annual Roth Investor Conference. The event will feature 1-on-1/small group meetings, fireside chats, and industry panels with executives from various sectors.
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CPI Card Group Inc. (Nasdaq: PMTS) announced a webcast and conference call to discuss its fourth quarter and full year 2023 financial results. The call will feature President and CEO John Lowe and CFO Jeff Hochstadt. Financial results will be released before the call on March 7, 2024.
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CPI Card Group Inc. (Nasdaq: PMTS) announced the appointment of John Lowe as its new President and CEO, succeeding Scott Scheirman. Peggy O'Leary has been promoted to Senior VP, Prepaid Solutions and Chief Development and Digital Officer. Lowe brings over a decade of senior executive leadership experience and aims to expand the company's market share and digital offerings. Scheirman will retire in early 2024 and serve as a Senior Advisor until then.
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CPI Card Group Inc. (Nasdaq: PMTS) announced an agreement to purchase shares of the Company’s common stock from Tricor Pacific Capital Partners, a fund managed by Parallel49 Equity ULC, under the previously announced $20 million share repurchase authorization. The company will buy a number of shares equal to three times the number of shares acquired in the open market from non-Parallel49 holders from December 11, 2023, through March 31, 2024, up to a maximum of 325,000 shares. The purchase price will be equivalent to 98% of the volume weighted average purchase price of shares bought by the Company in the open market from non-Parallel49 holders during that time period, with settlement occurring within five days of the end of the period. Parallel49 currently owns 6.6 million shares of CPI common stock, or approximately 57% of CPI’s outstanding common stock. The company has an existing authorization to purchase up to $20 million of its common stock through open market purchases and privately negotiated transactions, expiring on December 31, 2024.
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CPI Card Group Inc. (Nasdaq: PMTS) announced the appointment of Ravi Mallela as an independent member of its Board of Directors, effective November 15, 2023. Mallela brings strong financial and business experience, having previously served as the Chief Financial Officer of NMI Holdings Inc. and First Hawaiian Group. With his addition, CPI's Board now consists of seven members, including six independent members.
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CPI Card Group Inc. reported a 15% decrease in net sales to $106 million and a 68% decrease in net income to $4 million for the third quarter of 2023. The company also updated its 2023 outlook, projecting mid-single digit declines in net sales and Adjusted EBITDA, with Free Cash Flow to be approximately double the 2022 level. Additionally, CPI announced a $20 million share repurchase authorization.
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CPI Card Group Inc. will host a webcast and conference call on November 7, 2023, to discuss its third quarter 2023 financial results. The call will be attended by President and CEO Scott Scheirman, CFO Jeff Hochstadt, and EVP John Lowe. The financial results will be released before the markets open on the same day. Participants can access the conference call via telephone or online, and a replay will be available until November 21, 2023.
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CPI Card Group introduces Card@Once Ribbon Shredder to help financial institutions protect customer data
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CPI Card Group has expanded its offerings of encased metal cards to include a contactless tungsten card. The card weighs four times more than a standard plastic payment card and offers dual-interface capability. CPI aims to provide innovative solutions to financial institutions to enhance customer loyalty.
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CPI Card Group reports Q2 financial results, with net sales increasing 1% to $115 million and net income increasing 6% to $7 million. Adjusted EBITDA increased 18% to $23 million. First half net sales increased 5% and net income increased 43%. The company updated its 2023 outlook, with a range of flat to low single-digit growth in net sales and mid-to-high single-digit growth in Adjusted EBITDA. Third quarter sales and Adjusted EBITDA are expected to decline.
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FAQ
What is the current stock price of CPI Card Group (PMTS)?
The current stock price of CPI Card Group (PMTS) is $32.76 as of December 20, 2024.
What is the market cap of CPI Card Group (PMTS)?
The market cap of CPI Card Group (PMTS) is approximately 355.7M.
What does CPI Card Group Inc. specialize in?
CPI Card Group Inc. specializes in providing financial payment card solutions and services, including credit, debit, and prepaid cards.
What are the main business segments of CPI Card Group Inc.?
The main business segments are Debit and Credit, and Prepaid Debit, providing integrated card services to card-issuing banks and prepaid debit card program managers in the United States.
How long has CPI Card Group Inc. been in the payment market?
CPI Card Group Inc. has over 20 years of experience in the payments market.
Where are CPI Card Group Inc.'s facilities located?
CPI Card Group Inc. operates from nine locations across the United States, Canada, and the United Kingdom.
How many cards does CPI Card Group Inc. produce annually?
CPI Card Group Inc. produces over 1.3 billion cards annually.
What makes CPI Card Group Inc. a leader in the market?
CPI Card Group Inc. is known for its product consistency, quality, and outstanding customer service, along with a strong reputation in the market.
Does CPI Card Group Inc. offer mobile technologies?
Yes, CPI Card Group Inc. offers cutting-edge mobile technologies as part of its payment solutions.
What recent achievements has CPI Card Group Inc. made?
Recent achievements include advancements in card personalization and the expansion of high-security facilities.
Who are the primary customers of CPI Card Group Inc.?
Primary customers include card-issuing banks and prepaid debit card program managers in the United States.
Is CPI Card Group Inc. a trusted entity in the financial payment card industry?
Yes, CPI Card Group Inc. is a trusted and reliable entity with a solid reputation and extensive experience in the industry.
CPI Card Group Inc.
Nasdaq:PMTS
PMTS Rankings
PMTS Stock Data
355.65M
5.75M
2.79%
65.19%
0.62%
Credit Services
Commercial Printing
United States of America
LITTLETON