CompoSecure Q1 net sales up 13% to $95.3M; reiterates FY23 guidance; extends AmEx contract

GPGI, Inc.

2023-Q1 EPS reported $0.11 revenue$95,316,000

Net sales $95.3M (+13% YoY); gross profit $53.4M (56.0% margin).
GAAP net income $10.7M vs $26.9M; adjusted EPS $0.27 (flat YoY); adjusted EBITDA $35.5M (+6%).
Extended contract with American Express through July 2026; key customer renewal.
Reaffirmed FY23 guidance: net sales $400-425M, adjusted EBITDA $145-155M.
Launched metal cards with Rocket Mortgage, Xapo Bank, Papara, H-E-B, UMB; Arculus progress.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GPGI, Inc. reported first quarter ended March 31, 2023 results: revenue $95.3 million, net income $10.7 million, EPS $0.13 (Basic) and $0.11 (Diluted). Guidance reaffirmed.

Period: first quarter ended March 31, 2023
Revenue: $95.3 million
Net income: $10.7 million
EPS: $0.13 (Basic) and $0.11 (Diluted)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

delivering innovative offerings to the market that can deliver long term shareholder value.” Q1 2023 Financial Highlights (vs. Q1 2022) • Net Sales: Net Sales increased 13% to $95.3 million compared to $84.2 million, with the increase primarily driven by strong sales execution and continued growth in the Company’s premium payment card business. • Gross Profit:

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Source: SEC EDGAR

accession 0001104659-23-055491

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