Vistaprint Limited Earnings Cheat Sheet: Net income Rises from the Year Earlier

Vistaprint Limited (NASDAQ:VPRT) reported net income above Wall Street’s expectations for the fourth quarter. VistaPrint, Ltd. is a printing firm that targets its service to small businesses. It provides high-impact personalized products and services for small businesses and the home.

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Vistaprint Earnings Cheat Sheet for the Fourth Quarter

Results: Net income for Vistaprint Limited rose to $14.4 million (32 cents per share) vs. $11.7 million (25 cents per share) in the same quarter a year earlier. This marks a rise of 23.6% from the year earlier quarter.

Revenue: Rose 27.1% to $208.8 million from the year earlier quarter.

Actual vs. Wall St. Expectations: VPRT reported adjusted net income of 43 cents per share. By that measure, the company fell short of the mean estimate of 44 cents per share. Analysts were expecting revenue of $205.9 million.

Quoting Management: “We achieved solid financial and operational results, with record new customer additions, increased revenue from existing customers, continued geographic expansion, and healthy growth across our businesses,” said Robert Keane, president and chief executive officer. “We also delivered outstanding free cash flow growth which illustrates the power of our operating model during a year in which we made fewer capital expenditures. We also began to execute on several growth initiatives that we believe will better position us to capture more of our large market opportunity and drive competitive advantage.”

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 21.8%, with the biggest boost coming in the most recent quarter when revenue rose 27.1% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the third quarter, net income rose 41.8% and in the second quarter, the figure rose 26.2%.

Competitors to Watch: R.R. Donnelley & Sons Co. (NASDAQ:RRD), Multi-Color Corporation (NASDAQ:LABL), InnerWorkings, Inc. (NASDAQ:INWK), Consolidated Graphics, Inc. (NYSE:CGX), Champion Industries, Inc. (NASDAQ:CHMP), Cenveo, Inc. (NYSE:CVO), Centro Grafico Cegrafico SA (AMEX:CGR), Office Depot (NYSE:ODP), OfficeMax (NYSE:OMX), Staples (NASDAQ:SPLS) and FedEx Kinko’s (NYSE:FDX).

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(Source: Xignite Financials)