---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-055491"
form_type: "8-K"
ticker: "GPGI"
cik: "0001823144"
company_name: "GPGI, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:32:48.941515+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-055491
- form_type: 8-K
- ticker: GPGI
- cik: 0001823144
- company_name: GPGI, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1823144/000110465923055491/0001104659-23-055491-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823144/000110465923055491/tm2314349d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-055491
- JSON: https://secwatch.observer/filing/0001104659-23-055491.json
- Plain text: https://secwatch.observer/filing/0001104659-23-055491.txt

## Key facts
- Earnings Releases
  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
  source text: 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:
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823144/000110465923055491/0001104659-23-055491-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.