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.
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