NASDAQ$GPGI

GPGI Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

CompoSecure reported a record quarter of revenue, driven by continued momentum in its domestic business.

CompoSecure announced its Q1 2024 financial results, reporting a 9% increase in net sales to $104.0 million and a 59% increase in net income to $17.1 million. The company's adjusted EBITDA rose by 6% to $37.8 million. CompoSecure declared a special cash dividend of $0.30 per share, reflecting its strong cash position and commitment to shareholder value.

  • Net sales for Q1 2024 increased by 9% to $104.0 million compared to Q1 2023.
  • Net income for Q1 2024 increased by 59% to $17.1 million compared to Q1 2023.
  • Adjusted EBITDA for Q1 2024 increased by 6% to $37.8 million compared to Q1 2023.
  • A special cash dividend of $0.30 per share was declared.

Headline financials

Total Revenue

$104M

Previous: $95.3M+9.1%
EPS

$0.17

Previous: $0.23-26.1%
Gross Margin

53.1%

No prior period
Adjusted EBITDA

$34.5M

No prior period
Adjusted Net Income

$23.3M

No prior period
Capital Expenditures

-$1.61M

Previous: -$3.67M+56.0%
Free Cash Flow

$32.1M

Previous: $21.2M+51.4%
Net Income

$4.03M

Previous: $2.33M+72.8%
Operating Income

$31.1M

Previous: $29.4M+5.9%
Gross Profit

$55.2M

Previous: $53.4M+3.5%
Cash & Equivalents

$55.1M

Previous: $22.6M+144.4%
Total Assets

$214M

Previous: $186M+15.0%
Stock-Based Comp

$4.4M

Previous: $4.02M+9.3%

Revenue & EPS history

CompoSecure · Revenue · Quarterly

$104M

Q1 2024+9.1%vs Q1 2023
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

CompoSecure is reiterating its previously issued full year 2024 guidance, which calls for Net Sales for the full year to range between $408-$428 million and adjusted EBITDA to range between $147-$157 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.5%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-0.7%

Avg return

30 days after

39%

7 / 18 earnings

Positive

+25.9%

Q4 2023

Best reaction

-25.9%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-25.9%-26.7%-32.3%
Q4 2025-11.2%-12.5%-18.0%
Q3 2025+5.4%+4.2%-0.5%
Q1 2025+3.4%+7.7%+19.3%
Q4 2024-3.8%-11.5%-17.4%
Q3 2024-9.6%-12.2%+3.4%
Q2 2024+23.5%+35.9%+50.2%
Q1 2024+5.9%-5.9%-12.2%
Q4 2023+25.9%+27.7%+46.2%
Q3 2023-12.1%-4.1%-16.2%
Q2 2023-1.6%-4.1%-7.1%
Q1 2023-4.9%-1.8%-8.3%
Q4 2022-6.8%-4.1%+6.5%
Q3 2022-0.9%-2.8%-4.8%
Q2 2022+7.9%+9.6%-2.8%
Q1 2022-13.1%-16.1%-16.0%
Q4 2021+9.8%+12.4%-2.9%
Q4 2020+0.0%+0.2%-0.7%

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