CompoSecure Q2 net sales $98.5M (+1% YoY); secures 5-yr contract renewal with top customer

GPGI, Inc.

2023-Q2 EPS reported $0.41 revenue$193,843,000

Net sales $98.5M, up 1% YoY; gross margin 54.7% vs 60.5% on higher material costs.
GAAP diluted EPS $0.29 vs $0.52; adjusted diluted EPS $0.25 vs $0.29.
Adjusted EBITDA $36.9M vs $39.7M; reaffirms FY2023 guidance ($400-$425M sales, $145-$155M adj. EBITDA).
Signed exclusive metal card contract extension through Dec 2028 with one of its largest customers.
New customer wins include Barclays UK, Citizen’s Bank, Mars (Turkish fintech), and Step Financial.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GPGI, Inc. reported the second quarter ended June 30, 2023 results: revenue $98.5 million, net income $32.7 million, EPS $0.31 (Basic) and $0.29 (Diluted). Guidance reaffirmed.

Period: the second quarter ended June 30, 2023
Revenue: $98.5 million
Net income: $32.7 million
EPS: $0.31 (Basic) and $0.29 (Diluted)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the market, and I am proud that we continue to demonstrate that unique value proposition.” Q2 2023 Financial Highlights (vs. Q2 2022) · Net Sales: Net Sales increased 1% to $98.5 million compared to $97.2 million, with the increase primarily driven by continued domestic growth in the Company’s metal payment card business, which was up 11%. This was partially

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Source: SEC EDGAR

accession 0001104659-23-091468

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