GPGI Reports Q3 2026 Results with Record CompoSecure Performance and Stabilizing Husky Demand
GPGI reported third-quarter 2026 pro forma adjusted net sales of $509.6 million, a 5% year-over-year increase. Growth was primarily driven by record performance at CompoSecure, which saw a 16% rise in net sales and a significant expansion in EBITDA margins due to manufacturing innovations. While the company's overall EBITDA grew by 7%, results were tempered by margin headwinds within the Husky segment. Husky experienced near-flat revenue growth of 0.5%, with adjusted EBITDA declining slightly due to delayed cost actions and geopolitical macro headwinds, specifically resin price shocks linked to conflict in Iran. Despite these challenges, Husky showed signs of recovery with a 16% increase in its total pipeline and accelerating order momentum heading into October. Looking ahead, GPGI provided full-year sales guidance of $2.034 billion to $2.064 billion but lowered its adjusted EBITDA outlook due to the aforementioned margin pressures at Husky. The company remains focused on debt reduction, targeting a decrease of over $200 million by fiscal year-end.
Topics: earnings report EBITDA revenue growth segment performance