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NEW YORK - CompoSecure, Inc. (NASDAQ:CMPO) reported fourth quarter earnings and revenue that fell short of analyst expectations, sending shares down 5.6% in after-hours trading on Wednesday.
The metal payment card and security solutions provider posted adjusted earnings per share of $0.20, missing the consensus estimate of $0.22. Revenue came in at $100.9 million, up 1% year-over-year but below analysts’ projections of $102.58 million.
For the full year 2024, CompoSecure’s net sales increased 8% to $420.6 million. The company generated $129.6 million in cash flow from operations, up 24% from the previous year.
"2024 was a foundational year for CompoSecure, marked by high-single digit Net Sales growth, robust Free Cash Flow, international momentum and unique product innovations," said Jon Wilk, President and CEO of CompoSecure.
Looking ahead, the company expects mid-single digit growth in both net sales and adjusted EBITDA for 2025, with sales momentum building throughout the year.
CompoSecure also noted it completed the spin-off of Resolute Holdings on February 28, 2025, which it says marks an important step in positioning the business for accelerated growth and revenue diversification.
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