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 (CODI) reported record operating results for the fourth quarter and full year 2021, achieving net sales of $536.6 million and $1.842 billion respectively. Net income surged to $25.9 million for Q4 and $126.8 million for the full year, largely driven by acquisitions and strong performance in consumer and industrial sectors. Adjusted EBITDA reached $88.9 million for Q4 and $327.3 million for the year. Looking ahead, CODI projects 2022 Adjusted EBITDA of $400-$420 million.
Compass Diversified (NYSE: CODI) announced that shareholders can access their individual tax reporting information related to their ownership of CODI by February 21, 2022. The company will mail Investor Tax Reporting packages in early March for shareholders who held shares when CODI was taxable as a publicly traded partnership. CODI emphasizes the importance of checking statements from Broadridge or brokerage firms against trustee tax information. CODI, not subject to federal or state income tax, allows income, losses, deductions, or credits to flow directly to shareholders.
Compass Diversified (NYSE: CODI) announced plans to release its fourth quarter financial results for the period ending December 31, 2021, on February 24, 2022. The results will be discussed in a conference call at 5:00 p.m. ET the same day. Participating executives include CEO Elias J. Sabo and CFO Ryan J. Faulkingham. Investors can join the call via a live webcast on the company's investor relations website. A replay will be available until March 3, 2022. CODI specializes in owning and managing a diverse set of middle-market businesses across various sectors.
Altor Solutions, a subsidiary of Compass Diversified (CODI), has acquired Foam Concepts, a manufacturer of expanded polystyrene foam products. The acquisition enhances Altor's position in the protective packaging sector and expands its operational footprint to 19 U.S. facilities. Foam Concepts boosts Altor's capabilities, particularly in the cold chain market. CEO James Hughes expressed confidence in this strategic move to improve profitability and customer reach.
Compass Diversified (NYSE: CODI) announced the passing of D. Eugene Ewing, a long-serving member of its Board of Directors, on January 9, 2022. Mr. Ewing was recognized for his significant contributions to CODI's success and served as the Chairman of the Audit Committee and Independent Lead Director. CODI has decided not to fill his board seat at this time. The company continues to operate a diverse portfolio of middle market businesses to generate long-term value.
Compass Diversified (NYSE: CODI) has declared a quarterly cash distribution of $0.25 per share for the period ended December 31, 2021, payable on January 20, 2022. The company, now treated as a corporation for tax purposes, aims to expand its shareholder base. A reduction in the fourth-quarter distribution is attributed to corporate tax liability assumptions. Additionally, the company announced preferred share distributions of $0.453125 for Series A, $0.4921875 for Series B, and $0.4921875 for Series C preferred shares, all payable on January 31, 2022.
Compass Diversified (NYSE: CODI) announced the appointment of Alex Bhathal to its Board of Directors effective January 1, 2022. With over 15 years of asset management experience, Bhathal is the founder of RAJ Capital Management and serves as co-owner of Sacramento Basketball Holdings LLC. His expertise in sports and consumer products is expected to enhance the company's strategic growth efforts. The Board will now consist of nine directors, aiming to leverage their insights for long-term shareholder value.
Compass Diversified (CODI) held its 2021 Virtual Investor Day today at 1:00 PM ET, showcasing its long-term growth strategy and transformation initiatives. CEO Elias Sabo emphasized the goal of achieving $1 billion in EBITDA while exploring opportunities in the high-growth healthcare market. Key presentations included insights from Marucci Sports, a leader in baseball equipment, detailing its competitive advantages and growth strategies. CODI outlined its strong financial position, including lower capital costs and a focus on shareholder value through strategic partnerships.
Compass Diversified (NYSE: CODI) announces a virtual investor day on December 9, 2021, at 1:00 PM ET. The event will feature presentations from CODI's management team and its subsidiary, Marucci Sports, along with Q&A sessions. Interested participants can pre-register and access the live video webcast through the official CODI link. The company emphasizes its strategic role in managing a portfolio of leading middle-market businesses across various sectors, aiming to enhance cash flow generation and value creation for its investors.
Compass Diversified (CODI) announced the successful completion of a $300 million offering of 5.000% senior unsecured notes due 2032. This move significantly enhances CODI's financial flexibility, reducing revolver borrowings by $297 million and leaving approximately $583 million available from its $600 million revolving credit facility. CEO Elias Sabo emphasized that the company is well-positioned for future acquisitions and growth thanks to a stronger balance sheet and extended debt maturities.
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What is The Honey Pot Company?
