GPGI (GPGI) reported Q1 adjusted net income Thursday of $0.12 per diluted share, compared with $0.25 a year earlier.

Adjusted net sales for the quarter ended March 31 was $421.2 million, compared with $410.7 million a year earlier.

For Q2, the company projects adjusted net sales of $425 million to $475 million.

The company lowered its 2026 adjusted net sales guidance to a range of $1.95 billion to $2.10 billion, from $2.18 billion to $2.23 billion previously.

The company said its outlook is based on expectations for the combined results of CompoSecure and Husky Technologies.

Shares of the company were falling more than 19% pre-bell Thursday.