Welcome to our dedicated page for Compass Diversified news (Ticker: CODI), a resource for investors and traders seeking the latest updates and insights on Compass Diversified stock.
Compass Diversified (NYSE: CODI) maintains an active portfolio of branded consumer and industrial businesses through its permanent capital model. This news hub provides investors and stakeholders with essential updates across CODI’s operations, including subsidiary performance, strategic acquisitions, and financial developments.
Track official press releases and market analysis covering CODI’s unique approach to market leadership in middle-market sectors. Our curated collection features earnings reports, partnership announcements, and operational updates from CODI’s corporate leadership and subsidiary management teams.
Key content includes acquisition disclosures for new portfolio additions, financial results from branded consumer segments like 5.11 Tactical and Ergobaby, plus industrial division updates from companies specializing in protective packaging and engineered materials. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CODI’s latest business developments. Monitor how the company’s long-term ownership strategy translates into market performance across its diversified holdings.
On August 3, 2021, approximately 98% of voting shareholders of Compass Diversified (NYSE: CODI) approved an amendment to allow the Trust to elect to be treated as a corporation for U.S. federal income tax purposes, effective September 1, 2021. The Board's decision aims to simplify the tax structure, enhance shareholder value, and broaden investor access, potentially leading to an improved stock profile. A special cash distribution of $0.88 per share is also declared, payable on September 7, 2021. The election is expected to reduce capital costs and increase share liquidity.
Compass Diversified (NYSE: CODI) announced the sale of its majority-owned subsidiary, Liberty Safe Holding Corporation, to Monomoy Capital Partners for an enterprise value of $147.5 million. CODI expects to receive approximately $127 million in net proceeds after adjustments and anticipates a gain of $75 million to $85 million from the transaction. The funds will be used for general corporate purposes and a special distribution of $0.88 per share due to a tax reclassification. CEO Elias Sabo highlighted the successful growth and value creation during CODI's ownership of Liberty since 2010.
Compass Diversified (CODI) reported record operating results for Q2 2021, with net sales reaching $487.4 million, compared to $333.6 million in Q2 2020. Despite a net loss of $11.3 million, non-GAAP Adjusted EBITDA surged to $94.2 million. The company announced a cash distribution of $0.36 per share and raised its annual guidance for Adjusted EBITDA to $350 million to $370 million. Additionally, CODI plans to change its tax classification to a corporation, aiming to enhance shareholder value. A definitive agreement for the sale of Liberty Safe for $147.5 million was also disclosed.
Compass Diversified (NYSE: CODI) has agreed to sell its majority-owned subsidiary, Liberty Safe Holding Corporation, to Monomoy Capital Partners for approximately $147.5 million in cash. The sale is expected to yield a gain of $75 million to $85 million for CODI. Proceeds will support general corporate purposes and a special distribution of $0.88 per share linked to a tax reclassification. The deal is subject to customary approvals and is projected to close by the end of August 2021.
Compass Diversified (CODI) will release its financial results for Q2 2021 on July 29, after market close. A conference call to discuss these results will take place on the same day at 5:00 p.m. ET, featuring remarks from CEO Elias J. Sabo and CFO Ryan J. Faulkingham. Participants can join via phone or access a live webcast on the company's website. A replay will be available until August 5. CODI manages diverse North American middle-market businesses, leveraging a permanent capital base for growth.
Compass Diversified (NYSE: CODI) announced a quarterly cash distribution of $0.36 per share on its common shares, payable on July 22, 2021. The distribution is for the three months ending June 30, 2021, for holders on record as of July 15, 2021.
The company also declared cash distributions for its preferred shares: $0.453125 for Series A, $0.4921875 for both Series B and C, all payable on July 30, 2021, to holders on record as of July 15, 2021.
Compass Diversified (NYSE: CODI) announced that CEO Elias J. Sabo and CFO Ryan J. Faulkingham will present virtually at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 11:40 a.m. ET. The presentation will be available through a live listen-only webcast on CODI's Investor Relations website. CODI specializes in managing a diverse portfolio of successful middle-market businesses across various sectors including apparel, packaging, and sports equipment.
Compass Diversified (CODI) reported strong first-quarter results for 2021, with net sales reaching $461.6 million and net income at $22.0 million. The Adjusted EBITDA increased to $88.0 million, driven by the success of recent acquisitions, including Marucci and BOA. The company generated $36.4 million in cash from operating activities and $46.2 million in cash flow available for distribution. CODI raised its full-year guidance, estimating consolidated Adjusted EBITDA between $325 million and $345 million. Additionally, a potential tax reclassification could impact distributions.
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.
Compass Diversified (NYSE: CODI) declared a quarterly cash distribution of $0.36 per share on its common shares, payable on April 22, 2021. Additionally, distributions for its preferred shares are set at $0.453125 for Series A, $0.4921875 for Series B, and $0.4921875 for Series C, all payable on April 30, 2021. The distributions reflect CODI's strategy of leveraging its permanent capital base to maximize cash flow generation and value creation across its diversified portfolio of middle-market businesses.
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