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Stock impact report

CompoSecure Reports Record First Quarter 2024 Financial Results and Declares Special Cash Dividend [Yahoo! Finance]

CompoSecure, Inc. - Class A (CMPO) 
Company Research Source: Yahoo! Finance
Declares Special Cash Dividend of $0.30 per Share SOMERSET, N.J., May 06, 2024 (GLOBE NEWSWIRE) -- CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions, today announced its operating results for the first quarter ended March 31, 2024. “We are off to a strong start in 2024 as we generated a record quarter of revenue, driven by continued momentum in our domestic business,” said Jon Wilk, President and CEO of CompoSecure. “We were excited to see several high-profile customer programs that garnered significant attention in the marketplace including a new, limited edition version of a payment card made from a recycled airplane and the Robinhood Gold Card. CompoSecure continues to generate meaningful free cash flow and ended the quarter with a cash balance of $55 million, which has more than doubled from one year ago.” Mr. Wilk continued, “Given the Company's robust cash position, our Board of Directors has declared a special cash Show less Read more
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