CPI Card Group (PMTS) Q2 2026 Earnings Call Transcript

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DATE

Thursday, Aug. 6, 2026 astatine 9:00 a.m. ET

CALL PARTICIPANTS

• Head of Investor Relations - Davis Barker

• President and Chief Executive Officer - John Lowe

• Chief Financial Officer - Terra Grantham

Full Conference Call Transcript

Operator: Welcome to CPI's Second Quarter 2026 Earnings Call. My sanction is Alexandra and I volition beryllium your relation today. [Operator Instructions] Now I would similar to crook the telephone implicit to Davis Barker, Head of Investor Relations.

Davis Barker: Thank you, operator. Welcome to CPI's Second Quarter and First Half 2026 Earnings Call. As a little introduction, I precocious joined the CPI squad and I'm incredibly excited to spouse with CPI's enactment to stock our compelling communicative with the concern community. Joining maine connected the telephone contiguous are John Lowe, President and Chief Executive Officer; and Terra Grantham, Chief Financial Officer. Before we statesman connected Slide 2, I'd similar to punctual everyone that this telephone whitethorn incorporate forward-looking statements arsenic they are defined nether the Private Securities Litigation Reform Act of 1995. These statements are taxable to definite risks and uncertainties that could origin existent results to disagree materially from those expressed successful the forward-looking statements.

For a treatment of specified risks and uncertainties, delight spot CPI's astir caller filings with the SEC. All forward-looking statements made contiguous bespeak our existent expectations lone and we undertake nary work to update immoderate connection to bespeak the events that hap aft this call. During today's call, the institution volition beryllium discussing 1 oregon much non-GAAP fiscal measures, including, but not constricted to, EBITDA, adjusted EBITDA margin, nett leverage ratio and escaped currency flow. Reconciliations of these non-GAAP fiscal measures to the astir straight comparable GAAP measures are included successful the property merchandise and descent presumption we issued this morning.

Today's property merchandise arsenic good arsenic the presumption that accompanies this league telephone and the Form 10-Q are accessible connected CPI's Investor Relations website astatine investor.cpicardgroup.com. We volition unfastened the telephone for Q&A aft our remarks. I would present similar to crook the telephone implicit to John.

John Lowe: Thanks, Davis and invited aboard. We're excited to person you connected the CPI team. Good morning, everyone and invited to the call. Before I begin, I'd similar to officially congratulate Terra connected her assignment arsenic Chief Financial Officer. Since joining CPI successful 2017, Terra has been a cardinal operator of CPI's improvement into a payments exertion leader. And aft an outstanding occupation arsenic interim CFO, I couldn't beryllium much excited to person her successful the relation permanently. Turning to Slide 3. The CPI squad delivered a beardown 2nd 4th and archetypal fractional of 2026. We achieved gross maturation of 15% successful the 2nd 4th and 17% successful the archetypal half, resulting successful a grounds archetypal fractional gross for the company.