Quarterly ResultMay 7, 2026, 07:07 AM
GPGI Q1 Pro Forma Net Sales Up 3% to $421.2M; GAAP Net Loss $235M
AI Summary
GPGI, Inc. announced its first quarter 2026 financial results, reporting Pro Forma Adjusted Net Sales of $421.2 million, a 3% increase, but a GAAP Net Loss of $235.0 million. Pro Forma Adjusted EBITDA decreased 16% to $82.1 million, with a margin of 19.5%. While CompoSecure achieved record sales, Husky Technologies was impacted by unexpected market headwinds due to oil and resin price volatility and tariff uncertainty. The company provided Q2 2026 guidance for Adjusted Net Sales of $425-$475 million and Adjusted EBITDA of $105-$120 million, along with full-year 2026 outlook.
Key Highlights
- Pro Forma Adjusted Net Sales for Q1 2026 were $421.2 million, up 3% year-over-year.
- GAAP Net Loss for Q1 2026 was $235.0 million.
- Pro Forma Adjusted EBITDA for Q1 2026 was $82.1 million, down 16% year-over-year.
- Pro Forma Adjusted EBITDA margin for Q1 2026 was 19.5%, a decrease of 430 basis points.
- Q2 2026 Adjusted Net Sales are projected to be $425 million to $475 million.
- Q2 2026 Adjusted EBITDA is projected to be $105 million to $120 million.
- Full Year 2026 Pro Forma Adjusted Net Sales are expected to be $1,950 million to $2,100 million.
- Full Year 2026 Pro Forma Adjusted EBITDA is expected to be $550 million to $610 million.