GPGI earnings analysis
What we found in GPGI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
GPGI reported strong Q1 2026 results, with revenues reaching $421.2 million, significantly exceeding estimates of $358.7 million. Adjusted EPS came in at $0.12, surpassing the expected $0.10, while management expressed a positive outlook for Q2 2026 with revenue guidance between $425 million to $475 million. Despite these positive metrics, the company faced a hefty GAAP net loss of $235 million, indicating ongoing financial challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surge vs Estimates
- Actual Q1 2026 revenue was $421.2 million, beating estimates by 17%.
- Positive EPS Surprise
- GPGI reported adjusted EPS of $0.12, exceeding estimates of $0.10 by 20%.
- Increased Q2 Guidance
- Management raised Q2 2026 revenue guidance to between $425 million and $475 million.
- Strong Pro Forma Sales
- Pro forma adjusted sales reached $421.2 million this quarter.
- Working Capital Position
- Management indicated maintaining sufficient liquidity despite operating challenges.
- Inventory Insights
- Healthy inventory levels reported, although supply chain risks remain.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High GAAP Net Loss
- The company reported a GAAP net loss of $235 million for the quarter.
- Continued Market Headwinds
- Operational performance impacted by global supply chain disruptions and geopolitical tensions.
- Inflationary Pressures
- Ongoing inflation affecting costs and pricing strategies, as noted in risk factors.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.12
What they said about what is next.
Management anticipates Q2 2026 adjusted net sales between $425 million and $475 million.
The filing reads better than the one before it.
What came before.
- 10-K · March 12, 2026
- GPGI, Inc. reported a significant revenue decline of 86% year-over-year to $59.8 million for the year ended December 31, 2025, primarily due to the deconsolidation of its subsidiary, Holdings, as a result of a strategic…
- 10-Q · November 3, 2025
- CompoSecure, Inc. reported substantial declines in financial performance due to the deconsolidation of Holdings after the Spin-Off, resulting in zero revenue for Q3 2025. Operating expenses decreased 62% year-over-year…
- 10-Q · August 7, 2025
- CompoSecure, Inc. reported a significant decline in its financial performance for the second quarter of 2025 compared to the same period last year, primarily due to the Spin-Off of its subsidiary, Holdings. The company…
- 10-Q · May 12, 2025
- In Q1 2025, GPGI reported net sales of $59.8 million, a significant decline of 42% compared to $104.0 million in Q1 2024, largely due to the deconsolidation following the spin-off of Resolute Holdings. The company…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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