secwatch / observer
8-K filed November 2, 2022, 7:59 PM ET ticker GPGI CIK 0001823144
earnings confidence high sentiment positive materiality 0.75

CompoSecure reports record Q3 net sales $103.3M, up 56% YoY; raises 2022 EBITDA outlook

GPGI, Inc.

2022-Q3 EPS reported $0.94 revenue$284,687,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GPGI, Inc. reported the quarter ended September 30, 2022 results: revenue $103.3 million, net income $21.9 million, EPS $0.18 per basic and diluted share. Guidance raised.

Period
the quarter ended September 30, 2022
Revenue
$103.3 million
Net income
$21.9 million
EPS
$0.18 per basic and diluted share
Guidance
raised
Result
reported results
Exact text from the filing
CompoSecure Reports Record Third Quarter 2022 Financial Results and Raises 2022 Guidance - Net Sales up 56% YoY to a Record $103.3 Million - - Net Income up 17% YoY to $21.9 Million or $0.18 EPS - - Adjusted EBITDA up 33% YoY to a Record $32.7 Million - - Expects 2022 Net Sales at the High End of Guidance; Raises 2022 Adjusted EBITDA Outlook
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GPGI, Inc. updated its 2022 guidance (raised).

Period
2022
Guidance
raised
Result
guidance update
Exact text from the filing
The Company is narrowing its Net Sales range for 2022 to the high end of our previously announced guidance and now expects Net Sales for the year between $370-$380 million (previously $355-$380 million) reflecting an approximate 40% increase from 2021 at the midpoint. CompoSecure is also increasing its 2022 outlook for Adjusted EBITDA and now expects it to range from $130-137 million (previously $110-120 million) reflecting an increase of approximately 31% from 2021 at the midpoint.
View on SEC.gov

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GPGI, Inc. filing history →

Source: SEC EDGAR
accession 0001104659-22-113967
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