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SOMERSET, N.J. - CompoSecure, Inc. (NASDAQ:CMPO), a $1.4 billion market cap company trading at $13.68 per share, announced today that Chief Financial Officer Tim Fitzsimmons will retire after more than 13 years with the company. The retirement will take effect once a successor is appointed, expected in the second half of 2025 but no later than January 1, 2026. According to InvestingPro data, the company maintains a "GOOD" overall financial health score.
Fitzsimmons will serve as a consultant to CompoSecure through January 1, 2027, to facilitate a smooth leadership transition. The company has initiated a comprehensive search for his replacement.
"Tim has played a central role supporting critical corporate transactions including our transition from private to public," said Jon Wilk, President and CEO of CompoSecure, in a press release statement.
Fitzsimmons joined CompoSecure in 2012 and has overseen multiple debt financings to support the company’s growth. During his tenure, he helped transform the business from a family-owned enterprise into a publicly traded company.
"Deciding to retire was a difficult choice rooted in family priorities," Fitzsimmons said.
CompoSecure, which specializes in metal payment cards and authentication solutions, also reaffirmed its previously issued full-year 2025 guidance, projecting mid-single digit growth in both consolidated net sales and pro forma adjusted EBITDA.
The guidance includes payment of the Resolute Holdings management fee on a pro forma basis for both 2024 and 2025, according to the company’s statement.
In other recent news, CompoSecure reported first-quarter 2025 earnings that fell short of analyst expectations, posting an adjusted earnings per share of -$0.07 against the anticipated $0.19. However, the company’s revenue slightly exceeded forecasts, reaching $103.9 million compared to the expected $103.44 million. The GAAP results were affected by accounting changes following the spin-off of Resolute Holdings Management, Inc. on February 28. On a non-GAAP basis, CompoSecure’s adjusted earnings per share were $0.25, and the company reiterated its full-year 2025 guidance, expecting mid-single-digit growth in consolidated net sales and pro forma adjusted EBITDA.
In other developments, TD Cowen maintained its Buy rating on CompoSecure, with a price target of $15.00, highlighting positive signals from JPMorgan Chase’s Investor Day. JPMorgan plans to increase new card accounts significantly by 2025, focusing on premium travel cards, which TD Cowen believes could benefit CompoSecure due to its involvement in the premium card market. The firm’s analysis suggests that the growth in premium card accounts, such as Sapphire and Ink, could lead to increased demand for CompoSecure’s offerings. Despite these positive indicators, CompoSecure’s stock did not reflect the optimism in trading. As the market continues to evaluate JPMorgan Chase’s growth strategy, investors will be watching to see if CompoSecure’s stock performance aligns with the anticipated increase in premium card issuance.
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