Compass Diversified Holdings Announces Second Quarter 2020 Earnings and Conference Call Information

Rhea-AI Summary

Compass Diversified Holdings (CODI) plans to release its financial results for the second quarter ending June 30, 2020, on July 29, 2020, following the market close. A conference call to discuss these results is scheduled for the same day at 5:00 p.m. ET, featuring executives from the company.

CODI focuses on owning and managing a diverse portfolio of established middle market businesses, emphasizing long-term cash flow generation. The company maintains controlling interests in its subsidiaries, which span various sectors including apparel, manufacturing, and consumer products.

Positive

• Scheduled release of second-quarter results on July 29, 2020, which may show positive financial performance.
• Strong management team participating in the upcoming conference call.

Negative

• No immediate financial metrics or guidance provided ahead of the second-quarter results.

WESTPORT, Conn., July 15, 2020 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the second quarter ended June 30, 2020, on Wednesday, July 29, 2020, after the close of market trading. The Company has scheduled a conference call to discuss the results on Wednesday, July 29, 2020 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 (855) 212-2368 (domestic) or (315) 625-6886 (international). The passcode is 2237435. 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.compassequity.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 August 5, 2020 at (855) 859-2056 (domestic) or (404) 537-3406 (international). The passcode for the call and replay is 2237435. An online archive of the webcast will be available on the Company’s website for 30 days following the call.

About Compass Diversified Holdings (“CODI”)
CODI owns and manages a diverse family of established North American middle market businesses. Each of its current subsidiaries is a leader in its niche market.

CODI maintains controlling ownership interests in each of its subsidiaries in order to maximize its ability to impact long-term cash flow generation and value. 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 to make cash distributions to its shareholders.

Our nine 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 manufacture of engineered magnetic solutions for a wide range of specialty applications and end-markets (Arnold Magnetic Technologies);
   
• The design and marketing of wearable baby carriers, strollers and related products (Ergobaby);
   
• The design and manufacture of custom molded protective foam solutions and OE components (Foam Fabricators);
   
• 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, creative indoor and outdoor lighting, and home fragrance solutions for the foodservice industry and consumer markets (Sterno); and
   
• The design, manufacture and marketing of airguns, archery products, optics and related accessories (Velocity Outdoor).

This press release may contain certain forward-looking statements, including statements with regard to the future performance of CODI. Words such as "believes," "expects," “anticipates,” “estimate,” "projects," and "future" or similar expressions, are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the risk factor discussion in the Form 10-K filed by CODI with the SEC for the year ended December 31, 2019, and other filings with the SEC. Except as required by law, CODI undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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50%; width:50%; min-width:50%;">Investor Relations: The IGB Group Leon Berman 212-477-8438 lberman@igbir.com

50%; width:50%; min-width:50%;">Media Contact: Joele Frank, Wilkinson Brimmer Katcher Jon Keehner / Julie Oakes / Kate Thompson 212-355-4449

FAQ

When will CODI release its second quarter financial results?

Compass Diversified Holdings will release its second quarter financial results on July 29, 2020.

What time is the CODI conference call?

The conference call for CODI's financial results is scheduled for July 29, 2020, at 5:00 p.m. ET.

How can I listen to the CODI conference call?

The conference call can be accessed by dialing (855) 212-2368 domestically or (315) 625-6886 internationally.

What businesses does CODI own?

CODI owns a diverse range of established middle market businesses, including companies in apparel, manufacturing, and consumer products.