secwatch.observer — SEC 8-K summary
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Issuer:     GPGI, Inc. (GPGI)
CIK:        0001823144
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001104659-23-091468
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823144/000110465923091468/0001104659-23-091468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823144/000110465923091468/tm2323515d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-091468

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer