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Jun 30, 2024
CompoSecure Q2 2024 Earnings Report
CompoSecure reported record second quarter net sales and adjusted EBITDA, driven by domestic business growth and strong international demand.
Key Takeaways
CompoSecure announced record second-quarter results, with net sales up 10% to $108.6 million and net income up 3% to $33.6 million. Adjusted EBITDA increased by 8% to $40.0 million. The company narrowed its full-year guidance, expecting net sales between $418-$428 million and adjusted EBITDA between $150-$157 million.
Net sales increased by 10% to $108.6 million.
Net income increased by 3% to $33.6 million.
Adjusted EBITDA increased by 8% to $40.0 million.
Fiscal year 2024 guidance narrowed to net sales between $418-$428 million and adjusted EBITDA between $150-$157 million.
CompoSecure
CompoSecure
Forward Guidance
CompoSecure narrowed its fiscal year 2024 guidance, now anticipating net sales between $418-$428 million and adjusted EBITDA between $150-$157 million.