CompoSecure cuts FY2023 sales guidance to $386-392M; Q3 net sales down 6% YoY

GPGI, Inc.

2023-Q3 EPS reported $0.75 revenue$290,729,000

Q3 Net Sales $96.9M vs $103.3M YoY; Gross Profit margin 50.5% vs 59.8% on inflation and production inefficiencies.
Adjusted EBITDA $35.5M (+9% YoY); Net Income $38.0M (+74%) on expense controls and fair-value changes.
Adjusted EPS $0.27 basic (incl. class A & B) vs $0.26 in prior year.
FY2023 guidance revised: Net sales $386-392M (prev $400-425M), Adj EBITDA $141-146M (prev $145-155M).
Customers launched new metal card programs (Amex Hilton Aspire, SAS Elite, Axis Magnus); Arculus key became Microsoft FIDO2 vendor.

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 third quarter ended September 30, 2023 results: revenue $96.9 million, net income $38.0 million, EPS $0.39 (Basic) and $0.34 (Diluted). Guidance lowered.

Period: the third quarter ended September 30, 2023
Revenue: $96.9 million
Net income: $38.0 million
EPS: $0.39 (Basic) and $0.34 (Diluted)
Guidance: lowered
Result: reported results

Exact text from the filing

including incrementally reducing our outstanding debt this quarter to further improve our leverage ratio.” Q3 2023 Financial Highlights (vs. Q3 2022) · Net Sales: Net Sales were $96.9 million compared to $103.3 million. The decrease was driven by lower international sales, which is a more variable market due to global economic uncertainty, customer mix and a smaller

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Source: SEC EDGAR

accession 0001104659-23-116266

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