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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.

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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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Sterno, a pioneer in portable food warming products, has been awarded TRUE Silver certification for its manufacturing facility in Texarkana, Texas. The facility diverts nearly 95% of its waste stream from landfills and incineration, making it the first manufacturing facility in Texas and the first in the foodservice equipment and supplies industry to achieve this certification.
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Compass Diversified (CODI) plans to release financial results for Q3 2023 on November 2nd and hold a conference call to discuss the results.
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Compass Diversified (CODI) declares quarterly cash distributions on common and preferred shares. Common shares to receive $0.25 per share, payable on October 26, 2023. Series A, B, and C Preferred Shares to receive $0.453125, $0.4921875, and $0.4921875 per share, respectively, payable on October 30, 2023. Cash distributions may qualify as 'qualified dividends' for tax purposes. UBTI rules no longer apply to CODI, allowing ownership by certain retirement accounts.
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Compass Diversified reports Q2 2023 financial results, with net sales up 2% to $524.2 million. Branded consumer net sales down 1% to $348.5 million. Niche industrial net sales down 7% to $175.6 million. Net income of $17.1 million, a decrease compared to $31.0 million in Q2 2022.
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Compass Diversified announced that Geoffrey Feil has been named CEO of its subsidiary, The Sterno Group Companies. Craig Carnes will assume the role of Chief Customer Officer. Feil brings 20 years of experience in brand management, sales, marketing, and mergers and acquisitions. He will focus on accelerating sales, marketing, and innovation efforts at Sterno. Carnes is thanked for his 15-year tenure at Sterno.
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Compass Diversified Holdings announced the retirement of Mr. C. Sean Day from the Board of Directors for personal health reasons. A new director, Ms. Heidi Locke Simon, has been elected to fill the vacancy. Ms. Locke Simon brings extensive expertise in management consulting and investment banking.
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FAQ

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

The current stock price of Compass Diversified (CODI) is $23.35 as of December 20, 2024.

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

The market cap of Compass Diversified (CODI) is approximately 1.8B.

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.

Compass Diversified

NYSE:CODI

CODI Rankings

CODI Stock Data

1.77B
66.77M
11.41%
61.22%
1%
Conglomerates
Household Furniture
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United States of America
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