5.11 competes in the global marketplace for purpose-built technical apparel, footwear and gear. Management believes 5.11 has competitive advantages through its global omnichannel business model, which is comprised of a rapidly growing DTC channel and recurring Wholesale channel. 5.11 competes against activewear, outdoor and specialty apparel brands such as Nike, Under Armour, The North Face, Patagonia, Lululemon, Arc'teryx, Carhartt, Propper and Fecheimer Brothers. 5.11 competes with footwear brands such as ...

Financial Data and Key Metrics Changes - In Q3 2022, consolidated revenue increased by 22% to $597.6 million compared to $488.2 million in the prior year period, driven by the acquisition of PrimaLoft and strong growth from several subsidiaries [38] - Adjusted earnings for the quarter were $46 million, up $10.1 million or 28% from the year-ago quarter [40] - Consolidated net income for the quarter was $2.6 million, down from $90.1 million in the comparable year-ago quarter, primarily due to a prior year gain on the sale of Liberty Safe [39] Business Line Data and Key Metrics Changes - For the first nine months of 2022, revenues for niche industrial businesses increased by 13.2% and adjusted EBITDA increased by 10.8% compared to the same period in 2021 [26] - Consumer businesses saw a year-to-date revenue increase of 16.5% and pro forma adjusted EBITDA growth of 18% compared to the same period in 2021 [30] - BOA's revenue increased by 38.5% and EBITDA by close to 50% year-to-date, while Lugano's growth accelerated with nearly 70% growth in revenue and pro forma adjusted EBITDA [30][32] Market Data and Key Metrics Changes - Domestic spending remains strong among affluent consumers, but there has been a decline in discretionary purchases among price-sensitive shoppers [12] - Global demand has eased, particularly in Europe, while Asia's growth has become erratic due to China's zero COVID policy [11] - The company is preparing for a more challenging demand environment in 2023, with easing supply and inflationary pressures [22] Company Strategy and Development Direction - The company is focusing on launching a healthcare vertical, with Kurt Roth joining to lead this initiative [14][16] - The healthcare industry is viewed as a significant opportunity for growth, with a focus on essential services that are not broadly subject to government reimbursement [73] - The company aims to continue its strategic initiatives in ESG, enhancing its framework and board involvement [51][53] Management's Comments on Operating Environment and Future Outlook - Management acknowledges ongoing macro challenges, including supply chain disruptions, labor shortages, and high inflation, but remains confident in the company's competitive positioning [10][12] - The company expects continued economic headwinds in the fourth quarter but believes it is well-positioned to weather these challenges [37] - Management is cautious about potential inventory destocking and is prepared to adjust spending based on demand fluctuations [84] Other Important Information - The company raised its full-year consolidated subsidiary adjusted EBITDA outlook to a range of $460 million to $470 million, implying a 12% year-over-year growth [46] - Adjusted earnings guidance was revised upwards to a range of $145 million to $155 million, reflecting strong performance and a tax benefit from PrimaLoft [48] - The company will host an Investor and Analyst Day in New York City on January 19, 2023, to showcase its consumer companies [55] Q&A Session Summary Question: Are there any subsidiaries still feeling supply chain impacts? - Management noted that while supply chains are improving, some subsidiaries like Velocity and Advanced Circuits are still facing challenges due to incomplete components affecting revenue [59][61] Question: What is the outlook for BOA's growth? - Management expressed confidence in BOA's long-term growth potential, highlighting its low market share and disruptive technology, although growth may slow in the near term [64][66] Question: Can you elaborate on the healthcare strategy? - The healthcare vertical will focus on essential services rather than high-risk areas like biopharmaceuticals, with expectations for actionable opportunities in 2023 [72][74] Question: What is the company's posture on opportunistic divestitures? - Management stated that while they are open to divestitures if they are value-accretive, current market conditions make it challenging to achieve favorable valuations [88][90] Question: What is the company's leverage target in the current environment? - The target leverage remains at 3.5, with over 70% of total obligations fixed, providing some insulation against rising borrowing costs [91][92]

Company Overview - Compass Diversified Holdings (CODI) manages \$3.3 billion in assets across 11 subsidiary platforms [6] - CODI's strategy involves long-term ownership of middle-market businesses through a permanent capital base [5] - The company has a diversified portfolio of seven branded consumer and four niche industrial subsidiaries [5] Financial Performance - CODI's TTM Proforma Revenue is over \$2.3 billion [6] - TTM Proforma Adjusted EBITDA is \$464 million [6] - The company's TTM Adjusted Earnings as of September 30, 2022, were \$167 million [6] - CODI has approximately \$550 million available in revolver and cash [6] - The company anticipates full year 2022 Pro Forma Subsidiaries Adjusted EBITDA guidance of \$460 million - \$470 million, implying 12% YOY growth at midpoint [28] - Full year 2022 Adjusted Earnings guidance is \$145 million - \$155 million, implying 11% YOY growth at midpoint [28] Capital Allocation and Growth Strategy - CODI aims to acquire 1 to 2 platform businesses per year, targeting companies in the \$200 million - \$600 million size range [16] - The company targets 2-3 strategic add-ons per year and \$20 million - \$40 million per year in growth capital expenditures for its subsidiaries [16]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMPASS DIVERSIFIED HOLDINGS (Exact name of registrant as specified in its charter) Delaware 57-6218917 (State or other jurisdiction of incorporation or organizat ...

Compass Diversified (NYSE:CODI) Q2 2022 Results Conference Call August 3, 2022 5:00 PM ET Company Participants Cody Slach - Director of Investor Relation Elias Sabo - Chief Executive Officer Ryan Faulkingham - Chief Financial Officer Patrick Maciariello - Chief Operating Officer Conference Call Participants Cristopher Kennedy - William Blair & Company Lawrence Solow - CJS Securities Michael Zabran - ROTH Capital Partners Barry Haimes - Sage Asset Management Matthew Howlett - B. Riley Securities Operator Go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMPASS DIVERSIFIED HOLDINGS (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) | --- | --- ...

Financial Data and Key Metrics Changes - For Q1 2022, consolidated revenue was $510.5 million, a 25% increase from $408.6 million in the prior year period, primarily driven by the acquisition of Lugano and strong growth from BOA, Marucci Sports, and Outdoor Solutions [24] - Consolidated net income for Q1 2022 was $29.7 million, a 35% increase compared to $22 million in the prior year [25] - Adjusted earnings for Q1 2022 were $36 million, up 38% from the previous year [25] - The company raised its full-year 2022 adjusted EBITDA outlook to between $410 million and $430 million, an increase of $10 million at both ends of the range [30] Business Line Data and Key Metrics Changes - Niche industrial businesses saw revenues increase by 19.5% and adjusted EBITDA by 9.4% year-over-year [15] - Consumer businesses experienced a revenue increase of 14% and adjusted EBITDA growth of 13% compared to Q1 2021 [17] - BOA Technologies reported over 55% revenue growth in Q1 2022, achieving a record $25 million in quarterly EBITDA [17][9] - Lugano's pro forma adjusted EBITDA grew by over 46%, with a strong correlation between inventory investment and revenue growth [11][17] Market Data and Key Metrics Changes - The company noted that supply chain constraints, inflationary pressures, and labor shortages were significant challenges during the quarter [9] - Demand for catering products at Sterno grew significantly, while scented wax products saw reduced demand compared to a strong Q1 2021 [16] Company Strategy and Development Direction - The company is focusing on enhancing its ESG practices, believing that sound ESG strategies can manage risk and enhance long-term returns [34][35] - The M&A market remains depressed, with expectations for a gradual uptick in activity in the latter half of the year if economic headwinds moderate [33] - The company plans to continue investing in its subsidiaries and pursuing acquisition opportunities as they arise [27][54] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's ability to navigate economic headwinds and maintain strong performance, despite challenges [12][30] - The company remains confident in its long-term growth prospects, particularly for BOA Technologies, which has significant market share potential [10][62] - Management acknowledged that inflation is impacting purchasing power, particularly for lower-end consumers, but noted strong demand from more affluent customers [40][42] Other Important Information - The company had approximately $97.3 million in cash as of March 31, 2022, with no amounts drawn on its revolver [27] - Capital expenditures for Q1 2022 were $10.4 million, up from $7.3 million in the prior year, primarily due to retail store expansion [29] Q&A Session Summary Question: Insights on consumer behavior in Q1 - Management noted strong consumer spending across the board, with some weakness in lower-end products due to inflation impacting purchasing power [39][40] Question: BOA's growth and revenue pull-forward - Management indicated that demand at BOA is broad-based and sustainable, with some potential pull-forward from future quarters [44] Question: Marucci's market share growth - Management highlighted that Marucci is strategically using airfreight to gain shelf space and is expanding into various categories [46] Question: Update on Lugano's performance - Management stated that Lugano has seen significant growth in underlying demand and is not at a normalized run rate yet [48] Question: M&A environment outlook - Management expressed that the M&A environment remains challenging, with muted expectations for both platform and add-on acquisitions [49][53] Question: Impact of rising interest rates - Management indicated that rising interest rates have minimal impact on the company due to its long-duration debt structure [72][76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to COMPASS DIVERSIFIED HOLDINGS (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) | --- | -- ...

| --- | --- | --- | |---------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | CODI Investor | | | | | | | | Presentation | | | | | | | | | | | 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 ...

Compass Diversified (NYSE:CODI) Q4 2021 Earnings Conference Call February 24, 2022 5:00 PM ET Company Participants Matthew Berkowitz - The IGB Group Elias Sabo - Chief Executive Officer Patrick Maciariello - Chief Operating Officer Ryan Faulkingham - Chief Financial Officer and Executive Vice President Conference Call Participants Cristopher Kennedy - William Blair Operator Good afternoon and welcome to the Compass Diversified's Fourth Quarter 2021 Conference Call. Today's call is being recorded. [Operator ...