CPI Card Group Inc. (PMTS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to CPI Card Group's fourth quarter 2025 earnings call. My name is Kate, and I will be your operator today. If you are viewing on the webcast, you may advance the slides forward by pressing the arrow buttons. The call will be open for questions after the company's remarks. If you would like to get in the queue for questions, please press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Now, I would like to turn the call over to Mike Thaler. Thanks, operator. Welcome to CPI's fourth quarter 2025 earnings webcast and conference call. Today's date is March 5th, 2026, and on the call today from CPI Card Group are John Lowe, President and Chief Executive Officer, and Tara Grantham, Interim 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, EBITDA, adjusted EBITDA, adjusted EBITDA margin, net leverage ratio, free cash flow, and net sales growth, excluding the impact of the accounting change in the second quarter. Reconciliations of these non...