CPI Card Group sees FY24 revenue up slightly, consensus $456.4M

The company said, “The Company projects slight increases in both net sales and Adjusted EBITDA for the full year, with declines in the first half of the year offset by growth in the second half. Free Cash Flow for 2024 is expected to be $5 million to $10 million lower than the 2023 level due to increased capital spending investment. The increased capital spending includes investment in a new state-of-the-art secure card production facility in Indiana, which will eventually replace the Company’s current Indiana facility and provide more capabilities, capacity and efficiencies.”