secwatch.observer — SEC 8-K summary
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Issuer:     GPGI, Inc. (GPGI)
CIK:        0001823144
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001104659-24-057437
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CompoSecure reports record Q1 revenue, declares special dividend of $0.30/share
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- Q1 net sales $104.0M (+9% YoY), net income $17.1M (+59% YoY), adjusted EBITDA $37.8M (+6% YoY).
- Declares special cash dividend of $0.30/share, total ~$24.2M, payable June 11 to holders of record May 20.
- Cash and equivalents $55.1M; total debt $335.6M; secured debt leverage ratio 1.34x.
- Reiterates FY2024 guidance: net sales $408-428M, adjusted EBITDA $147-157M.
- Customer programs launched include Robinhood Gold Card, Delta Reserve card from recycled airplane.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1823144/000110465924057437/0001104659-24-057437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1823144/000110465924057437/tm2413480d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-057437

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