4imprint Group Reports Revenue Growth For First Half Of 2021
4imprint Group PLC, parent of Oshkosh, Wisconsin-based distributor 4imprint (PPAI 107200, D16), has released financial results for the first half of its fiscal 2021, which ended July 3. The company’s report shows improvements from the same period of 2020, with revenue during the 26-week period of $326.81 million, compared to $265.81 million for the first half of 2020.
"The board is confident that the group’s markets remain highly attractive and addressable, and that the core strength of its flexible business model and competitive positioning will allow it to return to its pre-COVID-19 organic growth profile,” says Chairman Paul Moody.
Demand is returning for the company. During the first half of 2021, it processed 616,000 total orders. This is ahead of the 470,000 orders processed during the first half of 2020, but still trails the 778,000 processed during the same period in 2019. Similarly, the 113,000 new customers acquired during the first half of the year was ahead of 2020, which acquired 81,000 new customers during this time, but still behind 2019, which saw 147,000 new customers. July 2021’s order counts were also above pre-pandemic (2019) levels.
4imprint’s financial report also highlights reshaping of its marketing portfolio during the pandemic and notes that the company is well positioned in recovering markets. Looking ahead, the report says that market share opportunities during the second half of 2021 will require careful management in conjunction with pandemic-related supply chain challenges and cost increases.
The company also reports that it is in a strong financial position, with a cash balance of $52.8 million—compared to $37.5 million on June 27, 2020—and that it is re-introducing its biannual dividend payments.