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Compass Diversified - CODI STOCK NEWS

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.

News

Compass Diversified Completes Partnership with Leading “Better-for-You” Feminine Care Brand The Honey Pot Company

Rhea-AI Summary
Compass Diversified (CODI) completes a partnership with The Honey Pot Company, LLC, acquiring it for $380 million. The acquisition allows The Honey Pot Co. to continue its mission of destigmatizing feminine care and democratizing holistic wellness. Beatrice Dixon, the Co-Founder, CEO, and Chief Innovation Officer, will continue to lead the company.
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Compass Diversified Announces Partnership with The Honey Pot Company

Rhea-AI Summary
Compass Diversified (NYSE: CODI) has entered into a definitive agreement to partner with The Honey Pot Company, LLC for an enterprise value of $380 million. The Honey Pot Co. provides a complete feminine care system with plant-derived ingredients and clinically tested formulas. The company has a diverse set of products across feminine hygiene, menstrual, consumer health, and sexual wellness categories. The Honey Pot Co. will continue to be led by its current leadership team, and existing owners and management will retain a significant minority stake in the company.
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Compass Diversified Announces Investment Team Promotions

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Compass Diversified (CODI) proudly announces the promotions of investment team members Raj Dalal, Lucas Scholhamer, and Phoebe Madsen, reflecting another strong year at CODI. CEO Elias Sabo extends heartfelt congratulations to the promoted members, highlighting their instrumental role in shaping the firm's success story.
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Compass Diversified Declares Fourth Quarter 2023 Distributions on Common and Series A, B and C Preferred Shares

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Compass Diversified (CODI) announced a quarterly cash distribution for its common and preferred shares, with expectations that all 2023 distributions will be qualified dividends for U.S. federal income tax purposes. The final tax status of 2024 distributions will be determined in early 2025.
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Compass Diversified Receives $75.2 Million Equity Investment

Rhea-AI Summary
Compass Diversified (NYSE: CODI) has completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments, LLC for $21.18 per share, totaling approximately $75.2 million. The proceeds will be used for general corporate purposes. The CEO, Elias Sabo, expressed excitement about the investment, stating that it aligns with their long-term strategy and will allow them to pursue potential acquisition opportunities in 2024. This investment strengthens their ability to grow subsidiaries and act on new acquisition opportunities while aiming to deliver strong returns to shareholders.
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Compass Diversified to Host Investor Day on January 17, 2024 in Newport Beach, California

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Compass Diversified (NYSE: CODI) will host an investor day on January 17, 2024, featuring presentations by the management team and showcasing the Company’s Lugano Diamonds subsidiary. The event will be hybrid, with in-person and virtual components, including a tour of the 5.11 headquarters and a reception at Compass Diversified’s West Coast office.
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Compass Diversified Announces Appointment of Anne Cavassa as CEO of PrimaLoft

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Compass Diversified (NYSE: CODI) proudly announces the appointment of Anne Cavassa as the Chief Executive Officer of its subsidiary, PrimaLoft Inc., effective January 1st, 2024. This follows Cavassa’s recent appointment as President of the company and the retirement of former President and CEO, Mike Joyce, who will assume the role of Vice Chair on PrimaLoft’s Board of Directors. Cavassa brings nearly three decades of experience from esteemed outdoor and active lifestyle brands, such as Saucony, Brooks Sports Inc., Timberland, Nike, Reebok, Tommy Bahama, and Eddie Bauer.
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Compass Diversified Completes Sale of Marucci Sports

Rhea-AI Summary
Compass Diversified (NYSE: CODI) announced the completion of the sale of its majority owned subsidiary, Marucci Sports, to Fox Factory Holding Corp. for an enterprise value of $572 million. CODI received approximately $485 million of total proceeds from the sale at closing and expects to record a pre-tax gain of approximately $225 million to $245 million. The net proceeds will be used to pay down outstanding debt and for general corporate purposes.
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Compass Diversified Reports Third Quarter 2023 Financial Results

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Compass Diversified (NYSE: CODI) raises full-year outlook after reporting strong third-quarter performance. Net sales were down 1% to $569.6 million. Branded consumer net sales increased 2% to $388.3 million. Niche industrial net sales decreased 8% to $181.2 million. Net loss of $3.8 million compared to net income of $2.6 million in the same period last year. Adjusted EBITDA was up 13% to $103.9 million. CODI expects consolidated subsidiary Adjusted EBITDA of $450 million to $465 million for the full year 2023.
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Compass Diversified Announces Sale of Marucci Sports for $572 Million

Rhea-AI Summary
Compass Diversified (CODI) has entered into a definitive agreement to sell its majority owned subsidiary, Marucci Sports, to Fox Factory Holding Corp. (FOX) for an enterprise value of $572 million. CODI expects to realize a pre-tax gain of $225 million to $245 million from the sale. The proceeds will be used to pay down debt and for general corporate purposes. The transaction is expected to close in November 2023.
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FAQ

What is the current stock price of Compass Diversified (CODI)?

The current stock price of Compass Diversified (CODI) is $22.97 as of November 19, 2024.

What is the market cap of Compass Diversified (CODI)?

The market cap of Compass Diversified (CODI) is approximately 1.7B.

What does Compass Diversified Holdings (CODI) do?

CODI is a diversified business conglomerate focused on acquiring and managing middle market companies.

When was Compass Diversified Holdings founded?

The company was founded in 1998.

What are the main business segments of CODI?

CODI operates in two main segments: branded consumer businesses and industrial businesses.

What companies are included in CODI's branded consumer businesses?

The portfolio includes brands like 5.11, Ergobaby, Liberty Safe, and Velocity Outdoor.

What is CODI’s approach to business growth?

CODI focuses on patient growth capital and partnering with outstanding management teams to drive positive change.

What recent achievements has CODI made?

Recent achievements include a significant capital infusion for accelerated growth and improved positioning of The Honey Pot Company.

Where does CODI operate?

CODI has operations in the United States, Canada, Europe, Asia Pacific, and other international regions.

How can I contact CODI for investor relations?

You can contact them at irinquiry@compassdiversified.com or Gateway Group's Cody Slach at 949.574.3860.

How can I contact CODI for media inquiries?

For media inquiries, email mediainquiry@compassdiversified.com or contact The IGB Group's Leon Berman at 212.477.8438.

What is The Honey Pot Company?

The Honey Pot Company is a leading feminine care brand offering plant-derived, clinically tested products in over 33,000 stores across the U.S.

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Compass Diversified

NYSE:CODI

CODI Rankings

#2081 Ranked by Market Cap
#669 Ranked by Dividends

CODI Stock Data

1.74B
66.42M
11.88%
61.21%
1.02%
Conglomerates
Household Furniture
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