USA Rare Earth (USAR) up 4.6% in Monday's trading after announcing a sales and distribution agreement with Compass Diversified (CODI) subsidiary Arnold Magnetic Technologies to expand the availability of U.S.-manufactured rare earth magnets. Under the non-exclusive partnership, each company will be authorized to ...

Partnership announcement Arnold Magnetic Technologies Announces New USA Rare Earth Agreement Mar 23, 2026 8:30 AM Eastern Daylight Time Arnold Magnetic Technologies Announces New USA Rare Earth Agreement Share Partnership strengthens U.S. rare earth magnet supply chain and supports domestic manufacturing resilience ROCHESTER, N.Y.--(BUSINESS WIRE)-- Arnold Magnetic Technologies Corporation ("Arnold†), a subsidiary of Compass Diversified (NYSE: CODI), and a leading global manufacturer of high-performance m ...

Core Viewpoint - B. Riley analyst Timothy D'Agostino has lowered the price target for Compass Diversified (CODI) to $8 from $13 while maintaining a Neutral rating on the shares, indicating a cautious outlook on the company's performance [1] Group 1: Price Target and Rating - The price target for Compass Diversified has been reduced to $8 from $13 [1] - The firm continues to hold a Neutral rating on the shares of Compass Diversified [1] Group 2: Company Outlook and Uncertainties - The update to the company's model follows the recent earnings report [1] - There is uncertainty regarding the timing of potential divestitures, the likelihood of multiple asset sales, and the 2026 outlook on subsidiary performance [1]

WESTPORT, Conn., March 03, 2026 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle-market branded businesses, announced today that, effective March 1, 2026, Mr. Eugene Kim and Mr. Glenn Richter have been elected to the Company’s Board of Directors (the “Board”). Mr. Alexander S. Bhathal resigned from the Board effective February 28, 2026, due to other commitments. Based on a recommendation from the Board’s Nominating & Corporate Governance Committee, t ...

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, 2025 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 ...

Financial Data and Key Metrics Changes - For Q4 2025, GAAP net revenue was $468.6 million, down 5.1% year-over-year, primarily due to the impact of Lugano and deconsolidation [14] - GAAP net loss for the quarter was $78.8 million, including over $25 million in one-time Lugano investigation restatement costs [14] - For the full year, net revenues were $1.9 billion, up 4.8%, while GAAP net loss was $293.7 million, including approximately $60 million in investigation and restatement-related expenses [15] - Excluding Lugano, net sales were $1.8 billion, up 3.9%, with Subsidiary Adjusted EBITDA at $345.8 million, an increase of 8.8% [15][16] Business Line Data and Key Metrics Changes - Branded consumer net sales increased by 3.7%, while industrial net sales increased by 4.1%, with acquisition-related growth at Altor offset by global trade disruption at Arnold [15] - Consumer businesses grew Adjusted EBITDA by 13.8%, while industrial Adjusted EBITDA grew by only 1.1% due to geopolitical headwinds affecting Arnold [15][16] Market Data and Key Metrics Changes - The industrial side experienced modest growth in Adjusted EBITDA, with Arnold facing challenges due to near-complete rare earth export restrictions from China [6][15] - Arnold's quoting activity is at an all-time high, and its backlog is over 40% higher than the previous year-end, indicating strong demand despite geopolitical uncertainties [9][32] Company Strategy and Development Direction - The company aims to reduce its leverage ratio through organic growth and attractive divestitures, focusing on shareholder value creation [7][12] - The strategic plan includes executing selective acquisitions and strong operations to generate durable shareholder value [8][21] - The company is committed to enhancing internal controls and transparency following the challenges faced in 2025 [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged 2025 as a challenging year but expressed confidence in the resilience of their subsidiaries and the normalization of operations [5][20] - The outlook for 2026 anticipates mid-single-digit growth in Subsidiary Adjusted EBITDA, with a focus on operational execution and cash conversion [7][18] - Management highlighted the uncertainty in the macroeconomic environment but remains optimistic about the potential for growth across their diversified businesses [8][12] Other Important Information - The company ended the year with $68 million in cash and cash equivalents and approximately $96 million available on its revolver [17] - The company expects to pay cash management fees of between $25 million to $30 million in 2026, with capital expenditures projected between $30 million to $40 million [18] Q&A Session Summary Question: Update on sale processes and interest levels - Management indicated strong interest in the ongoing sale processes, with multiple bidders for their assets, and emphasized the importance of not compromising asset value for expediency [26][27] Question: Outlook for industrial businesses, particularly Arnold and Altor - Management acknowledged challenges for Arnold due to geopolitical risks but noted a potential rebound in the latter half of 2026, while expressing caution regarding Altor due to vaccine-related issues and tariffs [30][34] Question: Changes in free cash flow assumptions - Management confirmed that free cash flow assumptions remain unchanged, with expectations of $50 million to $100 million in free cash flow to be used for debt repayment [39][63] Question: Wider range in branded consumer business outlook - Management attributed the wider range to both tariff-related uncertainties and general economic conditions, indicating that clarity on tariffs could help narrow the range in the future [46][47] Question: Update on PrimaLoft subsidiary - Management reported a leadership change at PrimaLoft, bringing in a strong leader to accelerate growth and market penetration, while noting that the subsidiary is well-positioned [49][51] Question: Performance of 5.11 subsidiary - Management described 5.11's professional side as steady, while the consumer side faces challenges due to inflation and tariffs, but noted advancements in AI initiatives to improve productivity [56][58]

Financial Data and Key Metrics Changes - For Q4 2025, GAAP net revenue was $468.6 million, down 5.1% year-over-year, primarily due to the impact of Lugano and deconsolidation [14] - GAAP net loss for the quarter was $78.8 million, including over $25 million in one-time Lugano investigation restatement costs [14] - For the full year, net revenues were $1.9 billion, up 4.8%, while GAAP net loss was $293.7 million, including approximately $60 million in investigation and restatement-related expenses [15] - Excluding Lugano, net sales were $1.8 billion, up 3.9%, with subsidiary adjusted EBITDA at $345.8 million, an increase of 8.8% [15][16] Business Line Data and Key Metrics Changes - Branded consumer net sales increased by 3.7%, while industrial net sales increased by 4.1%, with acquisition-related growth at Altor offset by global trade disruption at Arnold [15] - Consumer adjusted EBITDA grew by 13.8%, while industrial adjusted EBITDA increased by only 1.1% due to challenges faced by Arnold [15] Market Data and Key Metrics Changes - The industrial side experienced modest growth in adjusted EBITDA, primarily affected by geopolitical headwinds and export restrictions from China [6][15] - Arnold's quoting activity is at an all-time high, with a backlog more than 40% higher than the prior year-end, indicating strong demand despite current challenges [9][32] Company Strategy and Development Direction - The company aims to reduce its leverage ratio through organic growth and attractive divestitures, focusing on shareholder value creation [7][11] - The strategic plan includes executing selective acquisitions and maintaining strong operations to generate durable shareholder value [8][21] - The company is committed to enhancing internal controls and transparency following the challenges faced in 2025 [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2025 was a challenging year but expressed confidence in the resilience of their subsidiaries and the potential for growth in 2026 [5][20] - The outlook for 2026 anticipates mid-single-digit growth in subsidiary adjusted EBITDA, with a focus on operational execution and cash conversion [7][18] - Management highlighted the uncertainty in the macroeconomic environment but emphasized the importance of focusing on controllable factors [8][20] Other Important Information - The company ended the year with $68 million in cash and cash equivalents and approximately $96 million available on its revolver [17] - The leverage for debt covenant purposes at year-end was approximately 5.47 times, slightly higher than anticipated [17] Q&A Session Summary Question: Update on sale processes and interest levels - Management indicated strong interest in the assets being considered for divestiture, with multiple bidders expected [26] Question: Outlook for Arnold and Altor - Arnold is expected to face some near-term challenges due to geopolitical risks but has a strong backlog and quoting activity [30][32] - Altor's outlook is more cautious due to the impact of vaccine sales and tariffs on appliance purchases [34] Question: Changes in free cash flow assumptions - Management confirmed that the free cash flow assumption remains at $150 million for the year, with potential upside related to recoveries from Lugano [41] Question: State of the branded consumer business - The wider range in guidance is attributed to both tariff-related uncertainties and general economic conditions affecting consumer spending [46] Question: Update on PrimaLoft leadership - A new leader has been brought in to accelerate growth and market penetration, with strong support from existing board members [51] Question: Pulse check on 5.11 - The professional side of 5.11 is performing well, while the consumer side faces challenges due to inflation and tariffs impacting demand [56][58]

Financial Data and Key Metrics Changes - For Q4 2025, GAAP net revenue was $468.6 million, down 5.1% year-over-year, primarily due to the impact of Lugano and deconsolidation [13] - GAAP net loss for the quarter was $78.8 million, including over $25 million in one-time Lugano investigation restatement costs [14] - For the full year, net revenues were $1.9 billion, up 4.8%, while GAAP net loss was $293.7 million, including approximately $60 million in investigation and restatement-related expenses [14][15] - Excluding Lugano, net sales were $1.8 billion, up 3.9%, with Subsidiary Adjusted EBITDA at $345.8 million, an increase of 8.8% [15][16] Business Line Data and Key Metrics Changes - Consumer net sales increased by 3.7%, while industrial net sales increased by 4.1%, with acquisition-related growth at Altor offset by global trade disruption at Arnold [15] - Consumer businesses grew Adjusted EBITDA by 13.8%, while industrial Adjusted EBITDA grew by only 1.1% due to challenges faced by Arnold [15][16] Market Data and Key Metrics Changes - Arnold ended the year with a backlog more than 40% higher than the prior year-end, indicating strong demand in aerospace and defense markets [8] - Quoting activity for Arnold is at an all-time high, although recent export restrictions from China may create near-term disruptions [9][32] Company Strategy and Development Direction - The company aims to reduce its leverage ratio through organic growth and attractive divestitures, with a focus on closing the gap between share price and intrinsic value [6][10] - The strategic plan includes executing selective acquisitions combined with strong operations to generate durable shareholder value [7][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that 2025 was a challenging year but expressed confidence in the resilience of their subsidiaries and the normalization of operations [5][20] - The outlook for 2026 includes expectations for mid-single-digit growth in Subsidiary Adjusted EBITDA, with a focus on operational execution and cash conversion [6][18] Other Important Information - The company ended the year with $68 million in cash and cash equivalents and approximately $96 million available on its revolver [17] - A sale-leaseback for some Altor facilities was announced, freeing up over $11 million in cash for debt repayment [17] Q&A Session Summary Question: Update on sale processes and interest levels - Management indicated strong interest in their assets, with multiple bidders expected for the subsidiaries considered for divestiture [26][27] Question: Outlook for Arnold and Altor - Arnold is expected to see growth despite geopolitical risks, while Altor's outlook is more cautious due to vaccine sales and tariff impacts [30][34] Question: Wider range in branded consumer business outlook - The wider range is attributed to both tariff-related uncertainties and general economic conditions affecting consumer spending [46][47] Question: Leadership change at PrimaLoft - A strong new leader has been brought in to accelerate growth and market penetration at PrimaLoft, which is well-positioned for future success [49][52] Question: Pulse check on 5.11 - The professional side of 5.11 is performing well, while the consumer side faces challenges due to inflation and tariffs affecting demand [56][58] Question: Leverage targets and M&A market conditions - The company targets a long-term leverage ratio of 3 to 3.5 times, with a short-term goal of around 4 times, requiring some deleveraging events [63][65]

WESTPORT, Conn., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle-market businesses, announced today its consolidated operating results for the three months and full year ended December 31, 2025. “2025 was a challenging year as we navigated the Lugano investigation and completed the related restatement. Despite this, our operating companies, excluding Lugano, delivered solid performance in 2025, reflecting the strength of our diversifie ...

Core Viewpoint - Compass Diversified has appointed Eric Weis as President of its subsidiary PrimaLoft, succeeding Anne Cassava, effective February 23, 2026, while Shawn Neville has taken on the role of Chairman of PrimaLoft [1][4]. Group 1: Leadership Changes - Eric Weis has been appointed as President of PrimaLoft, bringing extensive experience from his previous role as Global Chief Commercial and Marketing Officer at BOA Technology, where he contributed to tripling the company's revenue over 15 years [3]. - Anne Cassava will step down as CEO of PrimaLoft, and the company expresses gratitude for her contributions, particularly in strengthening the product pipeline and organization [2]. Group 2: Company Background - PrimaLoft, Inc. is recognized as a leader in high-performance sustainable insulation and fabric, serving over 950 global brands across various sectors, including outdoor and lifestyle markets [5]. - The brand was originally developed for the U.S. Army and is now known for its performance and environmental sustainability [5]. Group 3: Strategic Vision - The leadership transition is expected to position PrimaLoft for a stronger future, leveraging Eric Weis's commercial experience and Shawn Neville's strategic leadership [4]. - The company aims to enhance its innovative solutions in thermo-regulating insulation, catering to the outdoor, athletic, and lifestyle industries [4].