GPGI Q2 2026 pro forma sales fall 4% and EBITDA falls 13%; full-year guidance reiterated
GPGI reported second-quarter 2026 results, with pro forma adjusted net sales of $473.2 million, down 4%, and pro forma adjusted EBITDA of $113.9 million, down 13%. GAAP net income was $50.3 million, compared with a GAAP net loss of $26.1 million a year earlier, and the filing attributes a $96.2 million gain on debt extinguishment to the adjusted figures, not to operations, so the profit swing is not a sign of stronger underlying operating performance. The company reiterated its full-year 2026 outlook and declared a quarterly dividend of $0.0025 per Class A share.
Key points
- Pro forma adjusted net sales were $473.2 million, down 4%; pro forma adjusted EBITDA was $113.9 million, down 13%, with margin of 24.1%, down 230 basis points.
- GAAP net income was $50.3 million in the quarter, versus a GAAP net loss of $26.1 million in the prior-year quarter; the reconciliation includes a $96.2 million gain on debt extinguishment.
- Full-year 2026 guidance was reiterated: pro forma adjusted net sales of $1,950 million to $2,100 million and pro forma adjusted EBITDA of $550 million to $610 million.
- Quarterly dividend of $0.0025 per Class A share is payable September 1, 2026, to holders of record as of August 17, 2026.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.