pass Diversified LLC(US:CODI)2022-11-03 23:11Company 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]