GPGI Q4 Sales Rise 17% to $118M; EBITDA Jumps 41% as Husky Merger Closes
GPGI’s fourth-quarter pro forma net sales reached $118M (up 17%), with GAAP net income at $43M (up 189%) and pro forma adjusted EBITDA of $43M (up 41%). Full-year net sales rose 10% to $462M and adjusted EBITDA climbed 24% to $171M following its husky merger, refinancing and dividend initiation.
1. Fourth-Quarter Financial Performance
GPGI reported fourth-quarter 2025 pro forma net sales of $118 million, a 17% increase over the prior year period, with GAAP net income rising 189% to $43 million and pro forma adjusted EBITDA up 41% to $43 million, representing a 36.5% margin.
2. Full-Year Results and Strategic Developments
For full-year 2025, excluding Husky Technologies, net sales grew 10% to $462 million and pro forma adjusted EBITDA climbed 24% to $171 million, with margin expanding by 408 basis points to 36.9%. During the year GPGI closed its business combination with Husky Technologies, completed a debt refinancing to extend maturities and launched a quarterly cash dividend.
3. 2026 Outlook and Capital Plans
GPGI’s 2026 guidance anticipates pro forma adjusted net sales of $2.183–$2.228 billion, adjusted EBITDA of $620–$650 million and free cash flow of $325–$375 million, targeting net leverage below 3.0x. New leadership appointments at CompoSecure and Husky Technologies aim to leverage the Resolute Operating System to drive growth and margin expansion.