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].

Core Insights - The Honey Pot Company has appointed Janis Smith-Gomez as Chair of its Board of Directors, effective January 1, 2026, highlighting a strategic leadership change within the company [1][3] Company Overview - The Honey Pot Co. is a leading feminine care brand founded in 2012, focusing on plant-derived ingredients and clinically tested formulas [4] - The company offers a wide range of holistic wellness products across various categories, including feminine hygiene, menstrual care, personal care, and sexual wellness [4] - The Honey Pot Co. aims to educate and support consumers globally regarding menstrual health and vaginal wellness, with products available in over 33,000 stores in the U.S. [4] Leadership Background - Janis Smith-Gomez has extensive experience in commercial and marketing roles, having worked at Johnson & Johnson and other major consumer goods companies [2] - Her previous roles include Vice President of US Marketing for Johnson & Johnson's skin health and beauty portfolio and Vice President of Global Brand Experience for its Medical Devices division [2] - Smith-Gomez's educational background includes a B.A. and an M.B.A. from the University of Chicago [2] Strategic Vision - The leadership transition is expected to enhance the company's growth and brand development, aligning with its mission of promoting human health and wellness [3] - The Honey Pot Co. emphasizes a purpose-driven approach, aiming to empower women and lead conversations around feminine health through education [3]

Core Viewpoint - Compass Diversified (CODI) plans to report its financial results for Q4 and the full year ended December 31, 2025 on February 26, 2026, after market close [1] Group 1: Financial Reporting - The company has scheduled a conference call at 5:00 p.m. ET on February 26, 2026, to discuss its financial results and business outlook for 2026 [1] - A live webcast of the call will be available on the Investor Relations section of CODI's website, and participants are encouraged to log in 15 minutes early to avoid delays [2] Group 2: Investor Relations - For further inquiries, investors can contact Compass Diversified through the provided email address [4]

WESTPORT, Conn., Jan. 28, 2026 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI”) today announced that its subsidiary, Altor Solutions (“Altor”), a leading designer and manufacturer of custom protective and cold-chain packaging solutions for the industrial and life sciences markets, completed a sale-leaseback transaction involving certain Altor-owned real estate assets, generating approximately $11 million in immediately-available cash proceeds. Altor will continue to operate at the facilities pu ...

Summary of Compass Diversified (NYSE:CODI) Conference Call on January 16, 2026 Company Overview - **Company**: Compass Diversified (Cody) - **Acquisition Target**: The Honeypot Company, a leading feminine care brand - **Transaction Value**: $380 million enterprise value, excluding working capital adjustments [doc id='15'] Key Points and Arguments Acquisition Announcement - Cody has entered into a definitive agreement to acquire The Honeypot Company, which is recognized for its innovative and effective feminine care products [doc id='4'] - The acquisition aligns with Cody's strategy of acquiring high-free cash flow businesses and expanding into the personal care sector [doc id='4'][doc id='5'] Competitive Advantages - Cody's lower-weighted average cost of capital, supported by long-term unsecured bonds, enables it to acquire quality businesses while competitors are sidelined [doc id='5'] - A recent $75.2 million equity investment from Allspring Global Investments has provided the necessary capital for this acquisition [doc id='5'] Honeypot Company Overview - Honeypot is positioned as a premium feminine care brand with a complete care system of clinically tested products [doc id='8'] - The brand has achieved over 50% gross sales CAGR since 2020, with estimated gross sales exceeding $121 million and adjusted EBITDA of approximately $29 million for the trailing 12 months [doc id='14'] - The company has a strong retail presence, with distribution in over 33,000 doors, including major retailers like Target and Walmart [doc id='22] Market Potential - The addressable market for Honeypot is valued at over $17 billion, indicating significant growth potential [doc id='12'] - Despite being the fifth-largest feminine care brand, Honeypot's brand awareness and household penetration are low compared to legacy competitors, presenting an opportunity for accelerated growth through increased marketing efforts [doc id='13'] Growth Strategy - Honeypot plans to expand its product offerings and distribution channels, including entering the club channel and enhancing its e-commerce presence [doc id='10][doc id='20'] - The company aims to leverage its innovative product development and marketing strategies to capture market share from stagnant legacy brands [doc id='11'] Financial Outlook - Honeypot's business model benefits from low capital expenditure (CapEx) requirements, with CapEx around 2% of net sales, and a strong free cash flow profile [doc id='15] - The acquisition is expected to be funded entirely with cash on hand, with a projected total outstanding indebtedness of approximately $1.7 billion post-transaction [doc id='16] Management and Cultural Fit - The management team of Honeypot, led by co-founder and CEO Beatrice Dixon, will continue to lead the company post-acquisition, ensuring continuity and alignment with Cody's values [doc id='15][doc id='28] - Cody emphasizes a long-term partnership approach with management teams, which is crucial for the success of the acquisition [doc id='6] Market Dynamics - The current market conditions for consumer products are weak, allowing Cody to acquire Honeypot at a favorable valuation compared to historical multiples for similar wellness brands [doc id='31] - The acquisition is seen as a strategic move to capitalize on the growing demand for better-for-you products in the feminine care market [doc id='31] Additional Important Insights - The acquisition reflects Cody's strategy of identifying middle-market leaders and supporting them in achieving their growth potential [doc id='11] - The focus on consumer education and destigmatization of feminine health issues is a core part of Honeypot's brand strategy, resonating particularly with younger consumers [doc id='12][doc id='26] This summary encapsulates the key points discussed during the conference call, highlighting the strategic acquisition of The Honeypot Company and its implications for Compass Diversified's growth trajectory in the personal care market.

The Honey Pot Company Overview - The Honey Pot Company emerged in 2012 as a leading holistic feminine care brand powered by herbs[8] - The company addresses unmet needs in the feminine care industry, such as the lack of a human-first approach, inclusivity, transparency, and efficacy[9] - The brand offers a complete feminine care system powered by herbs, focusing on efficacy, community, and normalizing the normal[10] Product Portfolio and Strategy - The Honey Pot Co has 31 SKUs in personal care, 11 SKUs in menstrual needs, and 20 SKUs in consumer health & sexual wellness[13,15,17] - The company uses plant-derived ingredients and formulas designed for efficacious results, supported by clinical testing[11,19] - The brand employs a retailer-first strategy, with a strong presence in mass retail and whitespace opportunity in grocery, drug, club, and eCommerce[20] Market Position and Financials - The Honey Pot Co is an innovation leader in the growing "better-for-you" feminine wellness market[24] - The company estimates to have only 4.5% household penetration[25,28] - The company has approximately $121 million in gross sales and approximately $29 million of adjusted EBITDA[33] - The company has experienced approximately 54% gross sales CAGR since 2020[34] Transaction Details - CODI will acquire The Honey Pot Co at a $380 million enterprise value, with $347 million funded by CODI[39]

Core Viewpoint - The company has successfully returned to compliance with SEC filings and is focusing on long-term shareholder value after overcoming recent challenges, including the Lugano investigation and organizational changes [1][7][12]. Financial Performance - For the year-to-date, consolidated net sales reached $1.4 billion, marking an 8.6% increase year-over-year, or 6.1% excluding the impact of Lugano [14][16]. - Year-to-date subsidiary adjusted EBITDA was $257 million, reflecting a 5.8% increase over the previous year, driven by strong performances from the Honey Pot and Sterno [17][19]. - The company reported a net loss of $215 million year-to-date, which includes a $155 million loss attributed to Lugano [18]. Subsidiary Performance - The consumer vertical saw low single-digit sales growth, with notable contributions from the Honey Pot, which is experiencing strong double-digit EBITDA growth [8][10]. - The industrial vertical achieved mid-single-digit sales growth, supported by Altor's acquisition of LifePhone, despite facing challenges from geopolitical uncertainties affecting the rare earth supply chain [11][16]. - Arnold, a key player in rare earth magnetics, is expected to benefit from increasing demand for a more stable supply chain, despite short-term disruptions [11][72]. Organizational Changes - Pat Maciariello retired after 20 years with Compass Group Management, with Zach Sautel stepping into the COO role [4][5]. - The company is implementing changes in its internal audit and compliance functions, including outsourcing to enhance scalability and industry-specific expertise [60][62]. Strategic Focus - The company is prioritizing reducing leverage and is open to divesting assets to achieve this goal, while also considering the timing and valuation of potential sales [22][36]. - The outlook for 2026 includes expectations for organic growth and free cash flow generation between $50 to $100 million, which will support debt repayment and further investments [80]. Market Conditions - The macroeconomic environment in 2025 was characterized by uncertainty due to geopolitical risks and tariff fluctuations, impacting consumer behavior and operational performance [7][40]. - The company anticipates that the normalization of supply chains and market conditions will provide a tailwind for growth in 2026 [72].

Core Insights - Compass Diversified (NYSE:CODI) reported an EPS of -$0.98, missing the estimated EPS of $0.70, with revenue of $472.6 million falling short of the expected $637 million [1][6] Financial Metrics - The company has a negative P/E ratio of -2.83, indicating ongoing losses [2][6] - CODI's price-to-sales ratio is low at 0.21, suggesting potential undervaluation relative to its sales [2] - The enterprise value to sales ratio stands at 1.14, providing a valuation perspective relative to revenue [2] Cash Flow and Profitability - The enterprise value to operating cash flow ratio is high at 222.90, indicating low operating cash flow compared to enterprise value [3] - A negative earnings yield of -35.34% highlights the company's current unprofitability [3] Debt and Liquidity - CODI's debt-to-equity ratio is 3.62, reflecting a heavy reliance on debt, which poses risks in a challenging economic environment [4][6] - The current ratio of 0.39 suggests potential liquidity issues, indicating difficulties in meeting short-term liabilities with short-term assets [4] Strategic Focus - Despite financial challenges, CODI remains committed to long-term growth and profitability through strategic partnerships and investments [5][6]

Core Viewpoint - Compass Diversified (CODI) has returned to compliance with reporting requirements and is focusing on deleveraging while navigating macroeconomic uncertainties and operational challenges following the Lugano investigation [4][7][15]. Financial Performance - Q3 net sales reached $472.6 million, reflecting a 3.5% year-over-year increase, while year-to-date consolidated net sales totaled $1.4 billion, up 8.6% or 6.1% excluding Lugano's impact [6][12]. - The company reported a GAAP net loss of $87.2 million in Q3, which included over $37 million in one-time Lugano-related costs [11][12]. - Year-to-date subsidiary-adjusted EBITDA, excluding Lugano, was $257 million, an increase of 5.8% [6][17]. Operational Updates - CEO Elias Sabo highlighted organizational changes, including the retirement of key personnel and the appointment of Zach Sawtelle as COO [2][3]. - The company is expected to generate $50 million to $100 million in free cash flow in 2026 after interest, preferred dividends, and capital expenditures [5][20]. Strategic Focus - Management emphasized deleveraging as a top priority, with a projected year-end leverage of approximately 5.3x, excluding Lugano [5][15]. - The company plans to tighten its expected subsidiary-adjusted EBITDA range for 2025 to $335 million to $355 million, excluding Lugano [16]. Market and Business Insights - Sabo noted macroeconomic uncertainties, including geopolitical risks and tariff fluctuations, affecting business performance [8]. - Specific business segments showed varied performance, with double-digit EBITDA growth in Sterno and low single-digit growth in the consumer vertical [8][10][17]. - The industrial vertical experienced a 10.5% sales increase, driven by Altor's acquisition of Lifoam, despite challenges in the rare earth supply chain affecting Arnold [8][19].

Financial Data and Key Metrics Changes - For Q3 2025, net sales were $472.6 million, an increase of 3.5% year-over-year [20] - Year-to-date consolidated net sales reached $1.4 billion, an increase of 8.6% over the prior year, or 6.1% excluding the impact of Lugano [21] - Year-to-date subsidiary-adjusted EBITDA was $257 million, an increase of 5.8% over 2024 [23] - The consolidated net loss year-to-date was $215 million, which includes a $155 million loss at Lugano [24] Business Line Data and Key Metrics Changes - In the consumer vertical, sales were up 3.1%, driven by strong growth at The Honeypot, while BOA experienced a slight decline due to exiting a lower-value business in China [22] - The industrial vertical saw sales growth of 10.5%, primarily driven by Altor's acquisition of Lifoam [22] - The Honeypot achieved strong double-digit EBITDA growth, while Sterno also delivered double-digit EBITDA growth [24] Market Data and Key Metrics Changes - The rare earth magnetics market faced disruptions due to geopolitical factors, creating long-term opportunities for Arnold [16] - Demand for a more secure rare earth supply chain is increasing, with Arnold positioned to benefit from this trend [16][102] Company Strategy and Development Direction - The company is focused on reducing leverage to mitigate risk and ensure long-term financial flexibility while also aiming to return capital to shareholders [19] - The management emphasized a commitment to generating sustained long-term shareholder value through capital allocation priorities [34] - The company is open to divesting any business if it maximizes shareholder value, maintaining a disciplined approach to valuation [44][46] Management's Comments on Operating Environment and Future Outlook - The management noted that 2025 was marked by uncertainty due to geopolitical risks and a fluid tariff environment, impacting performance [11] - Despite challenges, the company expects to achieve organic growth and free cash flow in 2026, with a focus on deleveraging [62] - Management expressed confidence in the long-term growth potential of Arnold, particularly in light of supply chain shifts [102] Other Important Information - The company has restored compliance with SEC filings and credit facility requirements, returning to a normal operating cadence [6] - The management team has undergone changes, with Zach Sawtelle stepping in as COO following Pat Maciariello's retirement [8] Q&A Session Summary Question: Performance of The Honeypot - The Honeypot has significantly outperformed expectations, gaining more shelf space and achieving faster inventory turns due to successful brand extension into new categories [38][41] Question: Asset Divestiture Strategy - The company maintains that all assets are for sale if the valuation is attractive, with a focus on maximizing shareholder value [43][44] Question: Economic Outlook - The management acknowledged a slowdown in growth but expects to return to a growth trajectory in 2026, driven by strong free cash flow and portfolio growth [62] Question: Management Fees and Financial Outlook - The normalized management fee is expected to be around $55 million for the next year, with a significant reduction in cash payments due to overpaid management fees [67][70] Question: Supply Chain Disruption at Arnold - The supply chain disruptions are expected to normalize, with a backlog providing a tailwind for growth in 2026 [100][102]