US Composite Manufacturing Stocks Plunge 7% Amid Accounting Controversy and Executive Departures

GPGI Inc. (GPGI) shares closed at $15.98 on April 7 on the New York Stock Exchange, down 7.40% from the previous day.
Trading volume reached 2,278,608 shares, and the company’s market capitalization stood at about $4.6 billion (approximately ₩6 trillion), marking a one-day drop of roughly $319 million (₩410 billion).

A recent short-seller report alleged accounting irregularities and earnings inflation at acquired subsidiary Husky Technologies. Following the report, Husky’s CEO and CFO resigned in March and April, and a quarterly update revealed slowing revenue growth and widening net losses, stoking market concerns over governance and accounting risks.

Despite these headwinds, GPGI emphasized 17% organic revenue growth and improved adjusted EBITDA in its Q4 2025 results announced in March, and issued guidance for growth and margin expansion in 2026. In February, the company also declared a modest quarterly cash dividend of $0.0025 per share.

Managed by Resolute Holdings, GPGI is a diversified industrial platform comprising CompoSecure—provider of premium metal payment cards and digital-asset security solutions—and Husky Technologies, which supplies injection-molding equipment for plastic products such as beverage containers and medical devices.

In January 2026, the company rebranded from CompoSecure to GPGI and changed its NYSE ticker from CMPO to GPGI. It pursues long-term growth and cash generation through acquisitions and leverage.