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 (NYSE: CODI) maintains an active portfolio of branded consumer and industrial businesses through its permanent capital model. This news hub provides investors and stakeholders with essential updates across CODI’s operations, including subsidiary performance, strategic acquisitions, and financial developments.
Track official press releases and market analysis covering CODI’s unique approach to market leadership in middle-market sectors. Our curated collection features earnings reports, partnership announcements, and operational updates from CODI’s corporate leadership and subsidiary management teams.
Key content includes acquisition disclosures for new portfolio additions, financial results from branded consumer segments like 5.11 Tactical and Ergobaby, plus industrial division updates from companies specializing in protective packaging and engineered materials. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CODI’s latest business developments. Monitor how the company’s long-term ownership strategy translates into market performance across its diversified holdings.
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.
Compass Diversified (NYSE: CODI) has declared a quarterly cash distribution of $0.25 per share for its common shares, payable on April 28, 2022, for holders of record as of April 21, 2022. Additionally, $0.453125 per share will be distributed for its 7.250% Series A Preferred Shares and $0.4921875 for both Series B and C Preferred Shares, all payable on April 30, 2022, with payment dates on May 2, 2022. These distributions are expected to be treated as qualified dividends for U.S. federal income tax purposes.
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.
