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Dec 31, 2023
CompoSecure Q4 2023 Earnings Report
CompoSecure reported a strong close to 2023 with record revenue and profitability.
Key Takeaways
CompoSecure reported a 7% increase in Q4 net sales to $100 million and a 39% increase in net income to $31 million. Adjusted EBITDA increased by 22% to $37 million. The company issued 2024 guidance for net sales between $408-$428 million and adjusted EBITDA between $147-$157 million and also announced a securities repurchase program of up to $40 million.
Q4 net sales increased by 7% to $100 million.
Q4 net income increased by 39% to $31 million.
Q4 Adjusted EBITDA increased by 22% to $37 million.
The company announced a securities repurchase program for up to $40 million.
CompoSecure
CompoSecure
Forward Guidance
CompoSecure expects net sales for the full year to range between $408-$428 million and expects adjusted EBITDA to range between $147-$157 million.