Press Release: CompoSecure Reports Strong Third Quarter 2024 Financial Results

Dow Jones11-08
                        -------    -------    -------    ------- 
Adjusted net income    $ 25,588   $ 21,709   $ 73,837   $ 65,254 
                        -------    -------    -------    ------- 
Common shares 
outstanding used in 
computing net income 
per share, basic: 
Class A and Class B 
 common shares (3)       82,222     79,033     81,303     78,378 
                        -------    -------    -------    ------- 
Common shares 
outstanding used in 
computing net income 
per share, diluted: 
Warrants (Public and 
 Private) (4)             8,094      8,094      8,094      8,094 
Equity awards             3,544      3,690      2,915      3,942 
                        -------    -------    -------    ------- 
Total Shares 
 outstanding used in 
 computing net income 
 per share - diluted     93,860     90,817     92,312     90,414 
 
Adjusted net income 
 per share - basic     $   0.31   $   0.27   $   0.91   $   0.83 
Adjusted net income 
 per share - diluted   $   0.27   $   0.24   $   0.80   $   0.72

1) Calculated using the Company's blended tax rate.

2) Includes the changes in fair value of warrant liability and earnout consideration liability.

3) Assumes both Class A shares and Class B shares participate in earnings and are outstanding at the end of the period.

4) Assumes treasury stock method, valuation at assumed fair market value of $18.00.

5) The Company did not include the effect of Exchangeable Notes in its total shares outstanding used in diluted adjusted net income per share.

(END) Dow Jones Newswires

November 08, 2024 07:00 ET (12:00 GMT)

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