{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-116266","form_type":"8-K","ticker":"GPGI","cik":"0001823144","company_name":"GPGI, Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.745531+00:00","generated_at":"2026-06-08T07:29:46.092547+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"CompoSecure cuts FY2023 sales guidance to $386-392M; Q3 net sales down 6% YoY","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-116266","json":"https://secwatch.observer/filing/0001104659-23-116266.json","markdown":"https://secwatch.observer/filing/0001104659-23-116266.md","text":"https://secwatch.observer/filing/0001104659-23-116266.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1823144/000110465923116266/0001104659-23-116266-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1823144/000110465923116266/tm2329716d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:29:46.092547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a6d1f891e9b5513f19c0a43143274234fa164fcd","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1823144/000110465923116266/0001104659-23-116266-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$96.9 million"},{"label":"Net income","value":"$38.0 million"},{"label":"EPS","value":"$0.39 (Basic) and $0.34 (Diluted)"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}