NASDAQ$GPGI

GPGI Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

CompoSecure's Q3 2023 financial results were announced, with the company revising its full-year outlook to lower net sales target while capturing the low end of previously issued Adjusted EBITDA outlook.

CompoSecure reported its Q3 2023 financial results, exceeding record US revenue from the year-ago period despite global economic uncertainty impacting international business. The company is revising its full year 2023 outlook, lowering net sales guidance but capturing the low end of the previously issued Adjusted EBITDA guidance.

  • Exceeded record US revenue compared to the year-ago period.
  • Consumer demand for premium metal cards remains strong.
  • Select customers are managing inventory levels more tightly, impacting order volumes.
  • Revising full year 2023 outlook with lowered sales guidance and capturing the low end of Adjusted EBITDA guidance.

Headline financials

Total Revenue

$96.9M

Previous: $103M-6.2%
EPS (adj)

$0.24

Previous: $0.22+9.1%
Adjusted EBITDA

$141M

Previous: $32.7M+331.2%
Capital Expenditures

-$6.67M

Previous: -$7.22M+7.6%
Free Cash Flow

$71.2M

Previous: $83.6M-14.9%
Net Income

$7.48M

Previous: $2.82M+165.4%
Operating Income

$28.8M

Previous: $25.6M+12.3%
Gross Profit

$48.9M

Previous: $61.8M-20.8%
Cash & Equivalents

$23.8M

Previous: $15.4M+54.4%
Total Assets

$195M

Previous: $170M+14.9%
Stock-Based Comp

$4.64M

Previous: $3.72M+24.8%

Revenue & EPS history

CompoSecure · Revenue · Quarterly

$96.9M

Q3 2023-6.2%vs Q3 2022
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Forward guidance

The Company is revising its guidance for full year 2023 results, and now expects net sales to be in the range of $386-$392 million and adjusted EBITDA in the range of $141-$146 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 Q3 2023

Historical avgQ3 2023

-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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