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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) will release its second-quarter financial results on August 3, 2022, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET on the same day. Participants can join via phone or access a live webcast on CODI's investor relations website. The company has a history of managing a diverse portfolio of middle-market businesses, aiming for long-term growth through a disciplined approach. For those unable to attend live, a replay will be available until August 10, 2022.

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Compass Diversified (NYSE: CODI) has completed the acquisition of PrimaLoft Technologies Holdings, Inc. for a purchase price of $530 million. The deal was funded through a $400 million term loan and an amendment to extend a $600 million credit revolver. CODI now holds approximately 91% equity in PrimaLoft, which specializes in high-performance insulation materials. This acquisition aims to leverage PrimaLoft's extensive brand partnerships and expertise for growth, capitalizing on significant market opportunities.

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Compass Diversified Holdings (CODI) has appointed Larry L. Enterline as Chairman of the Board, effective July 2, 2022, succeeding C. Sean Day, who is retiring. Enterline has been a board member since 2019 and brings extensive leadership experience. Additionally, Teri R. Shaffer has joined the Board, also effective July 2, and will serve on the Audit Committee. Shaffer, with over 38 years in finance and accounting, previously held a significant role at Ernst & Young. Her expertise in cybersecurity and risk management is expected to enhance the Board's effectiveness, as noted by current leadership.

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Compass Diversified (NYSE: CODI) announced the appointment of Terry Moody as CEO of Altor Solutions, effective July 11, 2022, succeeding James Hughes, who will transition to the board after his tenure. Moody brings over 20 years of executive experience in business development and operations from companies including Alpha Packaging. COO Zach Sawtelle expressed gratitude for Hughes' contributions and confidence in Moody's leadership for Altor's growth. Altor, founded in 1957, specializes in packaging, insulation, and componentry, operating 19 facilities across North America.

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Compass Diversified (NYSE: CODI) announced a quarterly cash distribution of $0.25 per share on common shares, payable on July 28, 2022. Additionally, the company declared distributions for its Series A, B, and C Preferred Shares, with amounts of $0.453125 and $0.4921875 per share, payable between July 30 and August 1, 2022. These cash distributions are generally considered qualified dividends for U.S. federal income tax purposes, benefiting shareholders by potentially providing non-taxable returns of capital.

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Compass Diversified (NYSE: CODI) has been added to the Russell 2000 and 3000 Indexes following the 2022 Russell indexes annual reconstitution, effective immediately. This inclusion is a significant milestone, enhancing the company's visibility in public markets. CEO Elias Sabo expressed optimism about the company's momentum, emphasizing their strategy that aims to generate strong operational and financial results. The Russell indexes capture the largest U.S. stocks and serve as benchmarks for $12 trillion in assets managed by institutional investors.

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Victor Capital Partners has signed a definitive agreement to sell PrimaLoft, Inc. to Compass Diversified (NYSE: CODI). PrimaLoft, a leader in advanced insulation technology, serves over 950 global brand partners, offering sustainable materials that enhance performance while reducing environmental impact. This transaction, expected to close in early July 2022, follows a successful partnership that expanded PrimaLoft's reach and product offerings. Financial details were not disclosed, and employees will also benefit from the sale through the 'PrimaLoft Prosperity Plan.'

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Compass Diversified (NYSE: CODI) announced its plan to acquire PrimaLoft Technologies Holdings, Inc. for an enterprise value of $530 million. PrimaLoft, founded in 1983, specializes in high-performance synthetic insulation and serves over 950 brands including Nike and Patagonia. The acquisition aims to enhance CODI's sustainability focus, as PrimaLoft has diverted 614 million plastic bottles from landfills. The deal is expected to close in July, pending customary conditions. CODI CEO Elias Sabo emphasized the potential for growth and sustainability alignment.

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Compass Diversified (CODI) reported record first-quarter results for 2022, with net sales of $510.5 million, a 25% increase from the prior year. Branded consumer and niche industrial segments grew 27% and 21%, respectively. Net income rose 35% to $29.7 million, while Adjusted EBITDA increased 29% to $97.6 million. The company is raising its 2022 outlook, expecting Adjusted EBITDA between $410 million and $430 million. Key developments included the acquisition of Foam Concepts and the expansion of its board of directors.

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Compass Diversified (NYSE: CODI) plans to release its first-quarter financial results for the period ending March 31, 2022, on May 5, 2022, after market close. A conference call is scheduled for the same day at 5:00 p.m. ET to discuss these results. Participants can join by calling (833) 900-1532 domestically or (236) 712-2273 internationally, using Conference ID 5477725. The call will also be available as a live webcast on CODI's investor relations page, with an archive for those unable to attend live.

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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

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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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