CompoSecure Q3 2024 Earnings Report
Key Takeaways
CompoSecure reported strong Q3 2024 results, featuring double-digit growth in both Net Sales and Adjusted EBITDA. The company signed a two-year contract extension with Capital One. While a GAAP Net Loss was reported due to non-cash items, Adjusted Net Income increased by 18% year-over-year.
Double-digit growth in Net Sales and Adjusted EBITDA was achieved.
A two-year contract extension with Capital One was signed.
Adjusted Net Income increased by 18% compared to the year-ago period.
Full year Net Sales guidance revised to $418-$424 million and Adjusted EBITDA guidance revised to $148-$151 million to reflect investments for future growth.
CompoSecure
CompoSecure
Forward Guidance
CompoSecure is revising its full year Net Sales guidance to $418-$424 million and its Adjusted EBITDA guidance to $148-$151 million to reflect investments for future growth.