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Compass Diversified Declares First Quarter 2025 Distributions on Common and Series A, B and C Preferred Shares
GlobeNewswire· 2025-04-03 20:10
WESTPORT, Conn., April 03, 2025 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle-market branded consumer and industrial businesses, announced today that its Board of Directors (the “Board”) has declared a quarterly cash distribution of $0.25 per share on the Company’s common shares (the “Common Shares”). The distribution for the three months ended March 31, 2025, is payable on April 24, 2025, to all holders of record of Common Shares as of April 17, ...
Compass Diversified Announces Appointment of Matthew Blake as CEO of Arnold Magnetics
Newsfilter· 2025-04-01 12:30
WESTPORT, Conn., April 01, 2025 (GLOBE NEWSWIRE) -- Compass Diversified Holdings (NYSE:CODI) ("CODI" or the "Company"), an owner of leading middle market branded consumer and industrial businesses, today announced that Matthew Blake has been named Chief Executive Officer of its subsidiary, Arnold Magnetic Technologies Corporation ("Arnold"), a leading global manufacturer of high-performance electric motors, magnets, and thin metals, effective March 31, 2025. Concurrent with his appointment, Blake will join ...
pass Diversified LLC(CODI) - 2024 Q4 - Earnings Call Presentation
2025-03-06 20:53
CODI Investor Presentation | 4Q24 February 2025 DISCLAIMER This presentation contains certain forward-looking statements within the meaning of the federal securities laws. These statements may be made a part of this presentation or by reference to other documents we file with the SEC. Some of the forward-looking statements can be identified by the use of forward-looking words. Statements that are not historical in nature, including the words "anticipate," "may," "estimate," "should," "seek," "expect," "plan ...
pass Diversified LLC(CODI) - 2024 Q4 - Earnings Call Transcript
2025-02-28 04:14
Compass Diversified (NYSE:CODI) Q4 2024 Earnings Conference Call February 27, 2025 5:00 PM ET Company Participants Cody Slach - Senior MD & Director of Investor Relation Elias Sabo - Partner & CEO Patrick Maciariello - Partner & COO Stephen Keller - Executive Vice President & CFO Conference Call Participants Lawrence Solow - CJS Securities Lance Vitanza - TD Cowen Joseph Reagor - ROTH Capital Randolph Binner - B. Riley Securities Operator Good afternoon, and welcome to Compass Diversified's Fourth Quarter a ...
pass Diversified LLC(CODI) - 2024 Q4 - Annual Results
2025-02-27 21:18
Exhibit 99.1 Compass Diversified Reports Fourth Quarter and Full Year 2024 Financial Results Strong Results Driven by CODI's Unique Business Model Westport, Conn., February 27, 2025 – Compass Diversified (NYSE: CODI) ("CODI" or the "Company"), an owner of leading middle market branded consumer and industrial businesses, announced today its consolidated operating results for the three months and full year ended December 31, 2024. "In 2024, we once again delivered strong financial results, achieving double di ...
pass Diversified LLC(CODI) - 2024 Q4 - Annual Report
2025-02-27 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-34927 Compass Diversified Holdings (Exact name of registrant as specified in its charter) Delaware 57-6218917 (State or other jurisdiction of i ...
Compass Diversified Reports Fourth Quarter and Full Year 2024 Financial Results
GlobeNewswire· 2025-02-27 21:15
Core Insights - Compass Diversified (CODI) reported strong financial results for 2024, achieving double-digit sales growth and over 30% growth in Adjusted EBITDA, driven by robust performance in both consumer and industrial sectors [2][5][12] Financial Performance - In Q4 2024, net sales reached $620.3 million, a 13.8% increase from $544.9 million in Q4 2023. For the full year, net sales totaled $2.2 billion, up 11.9% from $2.0 billion in 2023 [5][6] - Branded consumer net sales increased by 15.2% to $403.0 million in Q4 2024, while industrial net sales rose by 11.4% to $217.2 million [11] - Adjusted EBITDA for Q4 2024 was $118.2 million, a 29% increase compared to $91.6 million in Q4 2023. For the full year, Adjusted EBITDA was $424.8 million, up 30% from $326.5 million in 2023 [12][10] Income and Earnings - Operating income for Q4 2024 was $60.6 million, a significant recovery from an operating loss of $4.6 million in Q4 2023, primarily due to prior year impairment charges [7] - Net income for Q4 2024 was $23.8 million, down from $139.4 million in Q4 2023, largely due to significant gains from asset sales in the previous year [8] - Adjusted Earnings for the full year 2024 were $161.6 million, compared to $101.2 million in 2023 [10] Capital and Liquidity - As of December 31, 2024, CODI had approximately $59.7 million in cash and cash equivalents, with significant debt obligations including $375 million in term loans and $1 billion in senior notes [13][14] - The company raised around $90 million through preferred share issuance in Q4 2024 and repurchased over 400,000 common shares at an average price of $23.19 [11] Future Outlook - For 2025, CODI expects consolidated Subsidiary Adjusted EBITDA to be between $570 million and $610 million, with branded consumer vertical projected to contribute $440 million to $465 million [20][21] - The company anticipates Adjusted Earnings for 2025 to be between $170 million and $190 million [21]
Compass Diversified Announces Fourth Quarter and Full Year 2024 Earnings and Conference Call Information
GlobeNewswire· 2025-02-13 21:15
Core Viewpoint - Compass Diversified (CODI) is set to release its financial results for Q4 and the full year of 2024 on February 27, 2025, after market close, followed by a conference call to discuss the results [1][2]. Group 1: Financial Results Announcement - CODI will announce its financial results for the fourth quarter and full year ended December 31, 2024, on February 27, 2025 [1]. - A conference call is scheduled for February 27, 2025, at 5:00 p.m. ET, featuring key executives including the CEO, CFO, and COO [2]. Group 2: Company Overview - Since its IPO in 2006, CODI has focused on owning and managing a diverse portfolio of middle-market businesses across various sectors, including industrial, branded consumer, and healthcare [3]. - The company utilizes its permanent capital base and long-term approach to maintain controlling ownership interests in its subsidiaries, enhancing cash flow generation and value creation [3]. - CODI provides both debt and equity capital to its subsidiaries, which supports their financial and operational flexibility [3].
Compass Diversified Holdings Announces Amendment of its Management Services Agreement
GlobeNewswire· 2025-01-15 21:15
Core Viewpoint - Compass Diversified Holdings has restructured its management fee agreement with Compass Group Management LLC, introducing a base management fee and an incentive management fee starting January 1, 2025 [1][2]. Management Fee Structure - The base management fee will be 2.0% of adjusted net assets up to $3.5 billion, with a tiered structure for higher asset levels: - 2.0% for assets ≤ $3.5 billion - 2.0% + 1.25% for assets > $3.5 billion and < $10 billion - 1.5% for assets ≥ $10 billion [1][2]. - The incentive management fee is set at 0.25% for adjusted net assets exceeding $3.5 billion, contingent on the company's annualized internal rate of return on equity exceeding 12% over the trailing three years [2]. Changes in Fee Agreement - The Amendment eliminates the integration services fee paid by subsidiaries to the Manager and excludes excess cash from the adjusted net assets calculation, with certain exceptions [3]. - Additional changes to the management services agreement are noted but not exhaustively detailed [4]. Company Overview - Since its IPO in 2006, Compass Diversified Holdings has focused on owning and managing a diverse portfolio of middle-market businesses across various sectors, including industrial, branded consumer, and healthcare [5]. - The company aims to leverage its permanent capital base and expertise to maintain controlling interests in subsidiaries, enhancing long-term cash flow and value creation [5].
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Seeking Alpha· 2025-01-13 12:35
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