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Sep 30, 2022
CompoSecure Q3 2022 Earnings Report
CompoSecure reported record Q3 2022 financial results, with net sales up 56% YoY and adjusted EBITDA up 33% YoY. The company raised its 2022 net sales and adjusted EBITDA outlook.
Key Takeaways
CompoSecure announced a record quarter for Net Sales, driven by high demand for premium metal card products. Net income increased by 17% year-over-year and Adjusted EBITDA increased by 33% year-over-year. The company narrowed its Net Sales guidance range to the high end of its previously announced guidance and raised its 2022 Adjusted EBITDA guidance.
Net Sales up 56% YoY to a record $103.3 Million.
Net Income up 17% YoY to $21.9 Million or $0.18 EPS.
Adjusted EBITDA up 33% YoY to a record $32.7 Million.
Company expects 2022 Net Sales at the High End of Guidance and raises 2022 Adjusted EBITDA Outlook.
Forward Guidance
The Company is narrowing its Net Sales range for 2022 to the high end of our previously announced guidance and now expects Net Sales for the year between $370-$380 million. CompoSecure is also increasing its 2022 outlook for Adjusted EBITDA and now expects it to range from $130-137 million.
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