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 (CODI) has completed a significant restatement of its financial results for fiscal years 2022, 2023, and 2024 due to pervasive financial and accounting fraud at its subsidiary, Lugano Holding, Inc. The company aims to move forward by focusing on reducing leverage and maintaining its strategy of managing and growing high-quality middle-market companies to create long-term shareholder value [2][4]. Financial Restatement - The restatement process was extensive and isolated to Lugano, with the company confirming that its other eight subsidiaries were not involved and continue to perform well [2][3]. - The restated financial results for 2024 show net revenues of $1,788.013 million, a gross profit of $750.419 million, and a net loss of $322.770 million [9][21]. - Adjusted EBITDA for 2025 is now projected to be between $330 million and $360 million, excluding Lugano's impact [2]. Financial Position - As of December 31, 2024, total assets were restated to $3,297.422 million, down from $4,052.422 million as reported [17][20]. - Current liabilities increased to $2,433.423 million from $384.786 million due to adjustments related to unrecorded liabilities and financing arrangements [17][20]. - Stockholders' equity attributable to Holdings decreased to $678.620 million from $1,296.793 million as a result of the restatement [17][20]. Operational Performance - The company reported a significant increase in operating expenses, with selling, general, and administrative expenses rising to $587.521 million in 2024 from $502.013 million in 2023 [9][21]. - The impairment expense for 2024 was recorded at $8.182 million, reflecting adjustments related to the Lugano investigation [9][21]. Future Outlook - CODI is in discussions with senior lenders to amend its credit agreement, which is expected to provide additional relief and flexibility regarding its leverage profile [2][4]. - The company anticipates filing its first three quarters of 2025 financial results soon, aiming to regain compliance with SEC filing requirements [2].

Core Viewpoint - Compass Diversified (CODI) plans to host a conference call on December 4, 2025, to discuss the restatement of its financial results for fiscal years 2022, 2023, and 2024, along with unaudited financial information for interim periods within those years [1]. Group 1 - The conference call is scheduled for 5:00 p.m. ET on December 4, 2025 [1]. - A live webcast of the call will be available on CODI's Investor Relations website, and participants are encouraged to log in 15 minutes early to avoid delays [2]. - A replay of the webcast will be accessible for a limited time on the Company's website [2].

Core Viewpoint - Compass Diversified's subsidiary, Lugano Holding, Inc., has filed for Chapter 11 bankruptcy protection to maximize value for its stakeholders [1][2]. Group 1: Bankruptcy Filing - The filing was made under the direction of an independent special committee of Lugano's Board of Directors [1]. - The Chapter 11 process is seen as the best path forward for Lugano's stakeholders [1][2]. Group 2: Impact on Compass Diversified - The bankruptcy filing does not involve Compass Diversified's other eight subsidiaries, which continue to generate strong cash flow [2]. - As the senior secured lender, Compass Diversified will provide debtor-in-possession financing to support Lugano during the bankruptcy process [2]. Group 3: Financial Reporting and Strategy - Compass Diversified is working with its senior lender group and bondholders to ensure flexibility while finalizing its financial restatement and necessary filings with the SEC [3]. - The bankruptcy filing allows for a defined process to resolve the Lugano matter, enabling Compass Diversified to focus on its long-term strategy [3].

Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC due to alleged securities fraud affecting investors between February 24, 2022, and May 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2]. - The truth about these issues emerged on May 7, 2025, when Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 to $6.55 per share [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Compass Group Diversified Holdings, LLC regarding potential legal action due to undisclosed financial issues related to its subsidiary, Lugano Holding, Inc. [1][2] Group 1: Allegations and Financial Impact - Shareholders who purchased shares of CODI from February 24, 2022, to May 7, 2025, are encouraged to contact the firm for possible lead plaintiff appointment [2] - The complaint alleges that Compass failed to disclose effective internal controls over financial reporting and critical information about Lugano, which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2] - Following the announcement on May 7, 2025, that its financial statements for fiscal 2024 could no longer be relied upon, Compass' stock price plummeted from $17.25 per share to $6.55 per share in one day [2] Group 2: Next Steps for Shareholders - The deadline for shareholders to register for the class action is July 8, 2025, and they will be enrolled in a portfolio monitoring software for status updates [3] - There is no cost or obligation for shareholders to participate in the case [3] Group 3: Law Firm's Mission - The Gross Law Firm aims to protect the rights of investors who have suffered due to deceit, fraud, and illegal business practices, ensuring companies adhere to responsible business practices [4]

Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC due to alleged securities fraud affecting investors between February 24, 2022, and May 7, 2025 [1][2] Group 1: Allegations and Impact - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2] - On May 7, 2025, Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 per share to $6.55 per share within one day [2] Group 2: Legal Proceedings - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff in the class action lawsuit [3] - Class members may be entitled to compensation without any out-of-pocket costs or fees [3] Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4]

NEW YORK, July 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI).Shareholders who purchased shares of CODI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/compass-diversified-loss-submission-form/?id=155230&from=4CLASS PERI ...

Core Viewpoint - A class action securities lawsuit has been filed against Compass Group Diversified Holdings, LLC, alleging securities fraud that affected investors between February 24, 2022, and May 7, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that Compass Diversified failed to disclose effective internal controls over financial reporting and critical information regarding its subsidiary, Lugano Holding, Inc., which had undisclosed financing arrangements and irregularities in sales, cost of sales, inventory, and accounts receivable [2]. - On May 7, 2025, Compass announced that its financial statements for fiscal 2024 could no longer be relied upon due to an internal investigation into Lugano, leading to a significant drop in stock price from $17.25 to $6.55 per share [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the relevant time frame have until July 8, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the United States [4].

NEW YORK, June 30, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in Compass Group Diversified Holdings, LLC ("Compass Diversified" or the "Company") (NYSE: CODI) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Compass Diversified investors who were adversely affected by alleged securities fraud between February 24, 2022 and May 7, 2025. Follow the link below to get more information and be contacted by a member of our team: https:// ...