GPGI Q2 Sales Drop 4%, EBITDA Falls 13% Amid Husky Headwinds
GPGI sits 34% above its 52-week low of $11.22.
Summary
GPGI's Q2 pro forma adjusted net sales fell 4% year-over-year, with adjusted EBITDA down 13%, driven by transient headwinds at the Husky unit. Net income came in at $50.3 million, and adjusted EBITDA was $113.9 million. The company reiterated full-year 2026 guidance for flat net sales and higher adjusted EBITDA, signaling confidence in a second-half recovery. This follows a Q1 net loss of $235 million tied to the Husky acquisition and deconsolidation, making the Q2 profit a notable swing. The results also come amid ongoing securities litigation and an insider purchase of nearly $1 million by the CIO in June. With shares trading at 14x forward earnings, the reiterated guidance and CompoSecure strength provide some offset to the top-line miss.
At the time of this announcement, GPGI was trading at $15.00 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $11.22 to $26.78. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.