---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-091468"
form_type: "8-K"
ticker: "GPGI"
cik: "0001823144"
company_name: "GPGI, Inc."
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T12:26:56.080904+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-091468
- form_type: 8-K
- ticker: GPGI
- cik: 0001823144
- company_name: GPGI, Inc.
- filed_at: 2023-08-14T23:59:59+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/1823144/000110465923091468/0001104659-23-091468-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1823144/000110465923091468/tm2323515d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-091468
- JSON: https://secwatch.observer/filing/0001104659-23-091468.json
- Plain text: https://secwatch.observer/filing/0001104659-23-091468.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1823144/000110465923091468/0001104659-23-091468-index.htm

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