tiprankstipranks
CPI Card Group Reports Strong Q3 Sales Growth
Company Announcements

CPI Card Group Reports Strong Q3 Sales Growth

Don't Miss our Black Friday Offers:

CPI Card Group ( (PMTS) ) just unveiled an announcement.

CPI Card Group Inc. reported an 18% increase in third quarter 2024 net sales to $124.8 million, driven by robust debit and credit card sales, despite a 66% drop in net income due to debt refinancing costs. Adjusted EBITDA rose by 18% to $25.1 million, with significant growth in contactless and eco-focused cards. The company revised its 2024 financial outlook upward, reflecting confidence in its market strategies and strong U.S. card market trends.

Learn more about PMTS stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyCPI Card Group initiated with a Buy at DA Davidson
TipRanks Auto-Generated NewsdeskCPI Card Group Inc. Reports Q3 2024 Growth
TheFlyCPI Card Group sees FY24 adjusted EBITDA up low-single digits
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App