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Mar 31, 2024
CompoSecure Q1 2024 Earnings Report
CompoSecure reported a record quarter of revenue, driven by continued momentum in its domestic business.
Key Takeaways
CompoSecure announced its Q1 2024 financial results, reporting a 9% increase in net sales to $104.0 million and a 59% increase in net income to $17.1 million. The company's adjusted EBITDA rose by 6% to $37.8 million. CompoSecure declared a special cash dividend of $0.30 per share, reflecting its strong cash position and commitment to shareholder value.
Net sales for Q1 2024 increased by 9% to $104.0 million compared to Q1 2023.
Net income for Q1 2024 increased by 59% to $17.1 million compared to Q1 2023.
Adjusted EBITDA for Q1 2024 increased by 6% to $37.8 million compared to Q1 2023.
A special cash dividend of $0.30 per share was declared.
Forward Guidance
CompoSecure is reiterating its previously issued full year 2024 guidance, which calls for Net Sales for the full year to range between $408-$428 million and adjusted EBITDA to range between $147-$157 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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