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CPI Card Group Inc. - $PMTS STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CPI Card Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CPI Card Group's position in the market.

News
CPI Card Group Inc. Reports First Quarter 2024 Results
Rhea-AI Summary

CPI Card Group Inc. reported a 7% decrease in net sales to $112 million, a 50% decrease in net income to $5 million, and an 8% decrease in Adjusted EBITDA to $23 million in the first quarter of 2024. Despite the declines, all metrics improved from the previous quarter. The company foresees a gradual market recovery in 2024 and affirmed its full-year net sales and Adjusted EBITDA outlook. CPI continues to lead in eco-focused payment cards and Software-as-a-Service-based instant issuance solutions in the U.S. market.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.8%
Tags
earnings
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News
CPI Card Group Inc. to Release First Quarter Results on May 7, 2024
Rhea-AI Summary
CPI Card Group Inc. (Nasdaq: PMTS) will release its first-quarter financial results on May 7, 2024. The company will host a webcast and conference call to discuss the results, led by President and CEO John Lowe and CFO Jeff Hochstadt. The financial results will be available before the markets open on May 7, with a slide presentation accompanying the earnings conference call. Participants can access the call via telephone or online, with webcast and replay options available on the CPI Card Group investor website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.16%
Tags
earnings
-
News
CPI Card Group® Announces Expansion with New Production Facility in Fort Wayne, Indiana
Rhea-AI Summary
CPI Card Group Inc. (NASDAQ: PMTS) is constructing a new manufacturing facility in Fort Wayne, Indiana to double its footprint, showcasing a commitment to customer needs and innovation in payments technology. The facility, set to open in mid-2025, will feature digital integration and automation, new equipment for enhanced capabilities, and a focus on environmental sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
none
News
CPI Card Group Announces Additional Stock Purchase Agreement with Majority Shareholder Parallel49 Equity ULC
Rhea-AI Summary
CPI Card Group Inc. (PMTS) announces a second agreement to repurchase shares of the company's common stock from Tricor Pacific Capital Partners, following an initial agreement. The new agreement covers the period from April to June and aims to maintain or reduce Tricor's ownership percentage in CPI.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.63%
Tags
none
-
News
CPI Card Group® Partners With MEA Financial Enterprises LLC to Offer Cardholder Solutions for Digital Wallets
Rhea-AI Summary
CPI Card Group Inc. (PMTS) partners with MEA Financial Enterprises LLC to offer Push Provisioning solution to enhance digital wallet capabilities for cardholders. The collaboration aims to expand CPI's client base and improve services for MEA's 300 financial institution customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.86%
Tags
partnership
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News
CPI Card Group Inc. Reports Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
CPI Card Group Inc. (PMTS) reported a decrease in fourth-quarter net sales by 19%, net income by 78%, and Adjusted EBITDA by 27%. Full-year net sales decreased by 7% to $445 million, net income by 34% to $24 million, and Adjusted EBITDA by 8%. The company expects a gradual market recovery in 2024 with projections for slight increases in net sales and Adjusted EBITDA.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.68%
Tags
earnings
News
CPI Card Group® to Group to Participate in the 36th Annual Roth Investor Conference
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.86%
Tags
conferences
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News
CPI Card Group Inc. to Release Fourth Quarter Results on March 7, 2024
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.33%
Tags
earnings
-
News
CPI Card Group Names John Lowe President and Chief Executive Officer
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.24%
Tags
none
News
CPI Card Group Announces Share Purchase Agreement with Majority Shareholder Parallel49 Equity ULC
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
Tags
none
Stock PMTS logo
CPI Card Group Inc.

Nasdaq:PMTS

PMTS Rankings

#3660 Ranked by Market Cap
#3023 Ranked by Stock Gains
N/A Ranked by Dividends

PMTS Stock Data

235.34M
4.54M
6.35%
80.43%
0.78%
Computer Storage Device Manufacturing
Manufacturing
Link
United States of America
LITTLETON

About PMTS

cpi card group is a single source global provider of payment solutions including card production, card personalization, mobile technologies and fulfillment services. our solid reputation of product consistency, quality, and outstanding customer service supports our position as a leader in the market. with over 20 years experience in the payments market and as a trusted partner to our customers, we continue to grow our business reaching card production volume in excess of 1.3 billion annually. we serve our customers from nine locations throughout the united states, canada and the united kingdom, and have the largest network of certified high security facilities in north america.