0001104659-26-057120
SEC filingResolute Holdings' March 2026 filing reveals $3B in goodwill from Husky acquisition, $38M in share buybacks, and $30M in capital commitments.
Total assets surged to $6,215.0M from $333.4M at year-end 2025, driven by the Husky acquisition which added $3,041.9M in goodwill and $1,624.1M in intangible assets. Cash and cash equivalents declined to $113.1M (from $161.4M) while restricted cash of $7.0M appeared. The company holds no marketable securities as of March 31, 2026. Total debt increased dramatically to $2,215.0M, including $1,200.0M in GPGI Holdings Term Loan, $900.0M in 5.625% Senior Secured Notes, $75.0M drawn on the GPGI Holdings Revolver, and $40.0M under the Resolute Credit Facility. Stockholders' equity (including non-controlling interest) rose to $3,081.4M, primarily from the GPGI equity contribution used in the Husky acquisition.
The company has non-cancellable capital expenditure commitments of $30.1M ($24.1M in 2026, $6.0M in 2027+). Additionally, a cloud services contract has $6.4M remaining through 2028. Operating lease commitments amount to $39.7M undiscounted, with a present value of $34.8M. Letters of credit and guarantees total $23.0M.
During Q1 2026, Resolute Holdings repurchased 243,252 shares for $38.0M at an average price of $156.18. No dividends were declared. Debt activity was dominated by the Husky acquisition financing: $2,563.5M in new debt proceeds (GPGI Holdings Term Loan, Revolver, and Senior Secured Notes) offset by $3,309.1M in repayments (including Old GPGI Holdings Credit Facility, Husky SSN, and Old Husky Credit Facility). Capital expenditures totaled $11.7M, representing 2.9% of net sales, split among CompoSecure ($1.7M) and Husky ($10.0M).
The company reports three segments: Resolute Holdings (management fees only), CompoSecure (premium payment cards), and Husky (injection molding equipment and services). Husky contributed $277.4M in net sales (68% of total) for the period from acquisition date (Jan 12) through March 31. CompoSecure had $130.4M in net sales, up 25.5% from $103.9M in Q1 2025. Segment Adjusted EBITDA was $8.9M for Resolute Holdings, $47.6M for CompoSecure, and $41.2M for Husky. Geographically, North America represented 48.9% of sales, followed by EMEA (28.0%), Asia Pacific (11.4%), Latam (6.0%), and rest of world (5.7%).