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Dec 31, 2022
CompoSecure Q4 2022 Earnings Report
CompoSecure reported a record full year and fourth quarter financial results, with significant growth in net sales and net income.
Key Takeaways
CompoSecure reported a strong Q4 2022, with a 25% increase in net sales to $93.8 million and a 12% increase in net income to $22.4 million. Adjusted EBITDA for the quarter rose by 44% to $30.6 million. The company also issued a 2023 outlook, expecting net sales between $400-$425 million and adjusted EBITDA between $145-$155 million.
Q4 Net Sales increased by 25% to $93.8 million.
Q4 Net Income increased by 12% to $22.4 million.
Q4 Adjusted EBITDA increased by 44% to $30.6 million.
Full Year Net Sales increased by 41% to $378.5 million.
CompoSecure
CompoSecure
Forward Guidance
CompoSecure expects Net Sales for the full year 2023 to range between $400-$425 million and expects Adjusted EBITDA in 2023 to range between $145-$155 million.