GPGI Reports Third Quarter 2026 Results
GPGI reported 3Q26 results in line with expectations, with Pro Forma Adjusted Net Sales of $509.6 million (up 4.5% y/y) and Pro Forma Adjusted EBITDA of $146.3 million (up 6.6% y/y, 28.7% margin). GAAP net income was $76.0 million with diluted EPS of $0.26. Management trimmed full-year guidance, citing margin headwinds at Husky: FY26 Pro Forma Adjusted EBITDA is now guided to $520-$550 million, down 2% y/y at midpoint, though Q4 EBITDA is still guided up 8% y/y. Executive Chairman Dave Cote said the company is well positioned to return to its long-term growth algorithm in 2027, driven by improving pipeline, orders, and aftermarket demand at Husky.
Key figures
- Eps
- 0.26
- Revenue
- 509600000
- Guidance
- Q4 Pro Forma Adj. Net Sales $630-$660M (up 1% y/y at midpoint); Q4 Pro Forma Adj. EBITDA $178-$208M (up 8% y/y at midpoint); FY26 Pro Forma Adj. Net Sales $2,034-$2,064M (up 1% y/y at midpoint); FY26 Pro Forma Adj. EBITDA $520-$550M (down 2% y/y at midpoint); FY26 Pro Forma Adj. FCF $250-$300M
- Revenue Yoy
- 4.5%
- Gaap net income
- 76000000
- Total debt non gaap
- 2097000000
- Ebitda margin change yoy
- 60 bps
- Pro forma adjusted ebitda
- 146300000
- Pro forma adjusted ebitda yoy
- 6.6%
- Pro forma adjusted ebitda margin
- 28.7%
- Cash and short term investments non gaap
- 175800000
AI analysis
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