Quarterly ResultAug 6, 2026, 07:02 AM
GPGI Q2 Pro Forma Adj. Net Sales $473.2M, GAAP Net Income $50.3M
AI Summary
GPGI, Inc. announced its second quarter 2026 financial results, reporting Pro Forma Adjusted Net Sales of $473.2 million, a 4% decrease year-over-year, and GAAP Net Income of $50.3 million. Pro Forma Adjusted EBITDA declined 13% to $113.9 million, with a margin of 24.1%. Despite the quarterly declines, the company reiterated its full-year 2026 outlook, projecting Pro Forma Adjusted Net Sales of $1,950 to $2,100 million and Pro Forma Adjusted EBITDA of $550 to $610 million, indicating expected acceleration in the second half of 2026.
Key Highlights
- Pro Forma Adjusted Net Sales for Q2 2026 were $473.2 million, a 4% decrease year-over-year.
- GAAP Net Income for Q2 2026 was $50.3 million.
- Pro Forma Adjusted EBITDA for Q2 2026 was $113.9 million, down 13% year-over-year.
- Pro Forma Adjusted EBITDA margin was 24.1%, a decrease of 230 basis points.
- Reiterated full-year 2026 Pro Forma Adjusted Net Sales guidance of $1,950 to $2,100 million (flat YoY at midpoint).
- Reiterated full-year 2026 Pro Forma Adjusted EBITDA guidance of $550 to $610 million (up 7% YoY at midpoint).
- Reiterated full-year 2026 Pro Forma Adjusted Free Cash Flow guidance of $275 to $325 million.
- Targeting Non-GAAP year-end Net LTM Leverage of approximately 3.0x.
Price Impact
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