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Sep 30, 2023
CompoSecure Q3 2023 Earnings Report
CompoSecure's Q3 2023 financial results were announced, with the company revising its full-year outlook to lower net sales target while capturing the low end of previously issued Adjusted EBITDA outlook.
Key Takeaways
CompoSecure reported its Q3 2023 financial results, exceeding record US revenue from the year-ago period despite global economic uncertainty impacting international business. The company is revising its full year 2023 outlook, lowering net sales guidance but capturing the low end of the previously issued Adjusted EBITDA guidance.
Exceeded record US revenue compared to the year-ago period.
Consumer demand for premium metal cards remains strong.
Select customers are managing inventory levels more tightly, impacting order volumes.
Revising full year 2023 outlook with lowered sales guidance and capturing the low end of Adjusted EBITDA guidance.
Forward Guidance
The Company is revising its guidance for full year 2023 results, and now expects net sales to be in the range of $386-$392 million and adjusted EBITDA in the range of $141-$146 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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