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 Holdings, trading under the symbol CODI, is a diversified business conglomerate based in the United States. Since its founding in 1998, the company has focused on the middle market space, maintaining the same strategy and philosophy: acquiring companies with a clear 'reason to exist' that they could own forever.
CODI operates through two primary segments: branded consumer businesses and industrial businesses.
Branded consumer businesses are those that leverage a valuable brand name in their respective markets. The portfolio includes well-known names like 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor.
Industrial businesses focus on manufacturing and selling specific products and services within defined market sectors. These operations extend globally, including regions like Canada, Europe, Asia Pacific, and other international areas.
Recent achievements highlight CODI’s commitment to growth and innovation. A significant capital infusion has further boosted the company's liquidity, positioning it for accelerated growth. Additionally, CODI's unique business model and significant competitive advantage continue to drive strong results.
Noteworthy recent developments include the enhanced positioning of The Honey Pot Company, a leading feminine care brand, through CODI resources. The brand offers plant-derived, clinically tested formulas available in over 33,000 stores across the U.S., including major retailers like Target, Walmart, CVS, and Walgreens.
CODI is dedicated to partnering with outstanding management teams, providing them with patient growth capital. The company’s approach ensures a stable operational environment, embracing positive change as a catalyst for growth while remaining true to its foundational values.
For investor relations, please contact: irinquiry@compassdiversified.com or Gateway Group's Cody Slach at 949.574.3860. For media inquiries, reach out to mediainquiry@compassdiversified.com or The IGB Group's Leon Berman at 212.477.8438.
Compass Diversified (NYSE: CODI) reported strong Q2 2024 results, with net sales up 11% to $542.6 million. Branded Consumer net sales increased 11% on a pro forma basis to $373.5 million, while Industrial net sales decreased 4% to $169.1 million. The company reported a loss from continuing operations of $13.7 million, primarily due to the $24.6 million loss from the divestiture of Crosman Adjusted EBITDA increased 27% to $105.4 million, driven by strong performance at BOA and Lugano, and the addition of The Honey Pot Co.
CODI maintained its 2024 outlook, expecting Subsidiary Adjusted EBITDA between $480 million and $520 million. The company revised its Branded Consumer vertical expectations upward by $10 million and Industrial vertical downward by $10 million. CODI continues to expect Adjusted EBITDA of $390 million to $430 million and Adjusted Earnings between $148 million and $163 million for the full year 2024.
Compass Diversified (NYSE: CODI), an owner of leading middle market businesses, has announced its plans to release financial results for the second quarter ended June 30, 2024, on Wednesday, July 31, 2024, after market close. The company will host a conference call to discuss the results on the same day at 5:00 p.m. ET.
The call will feature CEO Elias Sabo, CFO Ryan Faulkingham, and COO Pat Maciariello of Compass Group Management. Investors can access the live webcast on CODI's Investor Relations website, and dial-in details are available through a registration link. Participants are encouraged to dial in 15 minutes before the scheduled start time to avoid delays. A replay of the webcast will be available for a time on the company's website.
Compass Diversified (NYSE: CODI) announced a quarterly cash distribution for Q2 2024 on its common and preferred shares. Common shareholders will receive $0.25 per share, payable on July 25, 2024, to holders of record as of July 18, 2024.
Series A Preferred shareholders will receive $0.453125 per share, Series B Preferred shareholders will receive $0.4921875 per share, and Series C Preferred shareholders will also receive $0.4921875 per share. These distributions are payable on July 30, 2024, to holders of record as of July 15, 2024.
CASH distributions are generally expected to be qualified dividends for U.S. federal income tax purposes, with the final tax status reported in early 2025.
Compass Diversified reported strong Q1 2024 results with net sales up 8%, Branded Consumer net sales up 11%, and adjusted Earnings up 73%. The company is optimistic about the year ahead, raising its outlook and expects a solid performance from its subsidiaries.
Compass Diversified (NYSE: CODI) has announced the sale of Crosman , the air gun division of its Velocity Outdoor subsidiary, to Daisy Manufacturing Company. Crosman, a leading designer and manufacturer of air guns, accessories, and related consumables, has a rich history in the industry for over a century. The sale will help CODI pay down debt and support its overall corporate goals. The transaction reflects the company's strategic decision to streamline its portfolio and focus on core businesses.
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What is The Honey Pot Company?
