Compass Diversified Announces First Quarter 2021 Earnings and Conference Call Information

Rhea-AI Summary

Compass Diversified (NYSE: CODI) plans to release its first-quarter financial results for 2021 on April 29, after market close. A conference call with executives, including CEO Elias J. Sabo and CFO Ryan J. Faulkingham, will follow at 5:00 p.m. ET. Participants can join via phone or a live webcast on the company's Investor Relations page. The call will also be available for replay until June 5. CODI is focused on long-term value creation through its diversified middle-market business model, leveraging its controlling interests in subsidiaries to enhance cash flow generation.

Positive

• Scheduled release of Q1 2021 financial results may indicate strong business performance.
• CEO and CFO participation in the conference call reflects company transparency.
• Long-term disciplined approach and controlling ownership in subsidiaries may enhance cash flow generation.

Negative

• None.

WESTPORT, Conn., April 15, 2021 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the first quarter ended March 31, 2021, on Thursday, April 29, 2021, after the close of market trading. The Company has scheduled a conference call to discuss the results on Thursday, April 29, 2021 at 5:00 p.m. ET.

The conference call will feature remarks by Elias J. Sabo, Chief Executive Officer, Ryan J. Faulkingham, Chief Financial Officer, David Swanson, Partner of Compass Group Management LLC (“CGM”), and Pat Maciariello, Partner and Chief Operating Officer of CGM. To participate in the call, please dial (833) 900-1532 (domestic) or (236) 712-2273 (international). The passcode is 6372395. Please dial into the call at least five minutes before the scheduled start time.

The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of CODI's website, https://www.compassdiversified.com/. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to listen to the Internet broadcast.

For interested individuals unable to join the live conference call, a replay of the call will be available through June 5, 2021 at (800) 585-8367 (domestic) or (416) 621-4642 (international). The passcode for the call and replay is 6372395. An online archive of the webcast will be available on the Company’s website for 30 days following the call.

About Compass Diversified (“CODI”)

CODI owns and manages a diverse set of highly defensible North American middle market businesses. Each of its current subsidiaries is a leader in its niche market. For more information, visit compassdiversified.com.

Leveraging its permanent capital base, long-term disciplined approach and actionable expertise, CODI maintains controlling ownership interests in each of its subsidiaries, maximizing its ability to impact long-term cash flow generation and value creation. The Company provides both debt and equity capital for its subsidiaries, contributing to their financial and operating flexibility. CODI utilizes the cash flows generated by its subsidiaries to invest in the long-term growth of the Company and has consistently generated strong returns through its culture of transparency, alignment and accountability.

Our ten majority-owned subsidiaries are engaged in the following lines of business:

• The design and marketing of purpose-built technical apparel and gear serving a wide range of global customers (5.11);
  
  
• The manufacture of quick-turn, small-run and production rigid printed circuit boards (Advanced Circuits);
  
  
• The design and manufacture of custom packaging, insulation and componentry (Altor Solutions);
  
  
• The manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies);
  
  
• The design and marketing of dial-based closure systems that deliver performance fit across footwear, headwear and medical bracing products (BOA Technology);
  
  
• The design and marketing of wearable baby carriers, strollers and related products (Ergobaby);
  
  
• The design and manufacture of premium home and gun safes (Liberty Safe);
  
  
• The design and manufacture of baseball and softball equipment and apparel (Marucci Sports);
  
  
• The manufacture and marketing of portable food warming systems used in the foodservice industry, creative indoor and outdoor lighting, and home fragrance solutions for the consumer markets (Sterno); and
  
  
• The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).
  

Forward Looking Statements

Certain statements in this press release may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “plans,” “anticipate,” “believe,” “expect,” “intend,” “will,” “should,” “may,” “seek,” “look,” and similar expressions to identify forward-looking statements. The forward-looking statements contained in this press release involve risks and uncertainties. Actual results could differ materially from those implied or expressed in the forward-looking statements for any reason, including the factors set forth in “Risk Factors” and elsewhere in CODI’s annual report on Form 10-K and its quarterly reports on Form 10-Q. Other factors that could cause actual results to differ materially include: changes in the economy, financial markets and political environment; risks associated with possible disruption in CODI’s operations or the economy generally due to terrorism, natural disasters, social, civil and political unrest or the COVID-19 pandemic; future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities); general considerations associated with the COVID-19 pandemic and its impact on the markets in which we operate; and other considerations that may be disclosed from time to time in CODI’s publicly disseminated documents and filings. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. Although, except as required by law, CODI undertakes no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that CODI may make directly to you or through reports that it in the future may file with the SEC, including annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.

Investor Relations: The IGB Group Leon Berman 212-477-8438 lberman@igbir.com	Media Contact: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner / Kate Thompson / Lyle Weston 212-355-4449

FAQ

When will Compass Diversified release Q1 2021 financial results?

Compass Diversified will release its Q1 2021 financial results on April 29, 2021, after market close.

What time is the conference call for Compass Diversified's Q1 results?

The conference call is scheduled for April 29, 2021, at 5:00 p.m. ET.

How can I participate in the Compass Diversified conference call?

You can participate by dialing (833) 900-1532 for domestic or (236) 712-2273 for international calls, using the passcode 6372395.

Will the conference call be available for replay?

Yes, a replay of the conference call will be available until June 5, 2021.

Where can I find more information about Compass Diversified?

More information can be found on Compass Diversified's website at compassdiversified.com.