CPI Card Group Inc. (PMTS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

If you would like to withdraw your question, again, press star and one. Now I would like to turn the call over to Mike Salem, CPI, Head of Investor Relations. Thanks, operator. Welcome to the CPI Card Group Second Quarter 2025 Earnings Webcast and Conference Call. Today's date is August 8th, 2025. And on the call today from CPI Card Group are John Lowe, President and Chief Executive Officer, and Jeff Hoxtep, Chief Financial Officer. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements, as they are defined under the Private Securities Litigation Reform Act of 1995. These statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. For discussion of such risks and uncertainties, please see CPI Card Group's most recent filings with the SEC. All forward-looking statements made today reflect our current expectations only, and we undertake no obligation to update any statement to reflect the events that occur after this call. Also, during the course of today's call, the company will be discussing one or more non-GAAP financial measures, including but not limited to, net sales growth excluding the impact of an accounting change, EBITDA, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio, and free cash flow. Reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures are included in the press release and slide presentation we issued this morning. Copies of today's press release, as well as the presentation that accompanies the conference call are accessible on CPI's investor relations website, .cpicardgroup.com. In addition, CPI's forum, TenQ, for the second quarter will be avail...