Compass Diversified Stock Price, News & Analysis

Compass Diversified (NYSE: CODI) announced the pricing of $1 billion in 5.250% senior unsecured notes due 2029, set to close on March 23, 2021. The notes will be senior unsecured obligations, not guaranteed by subsidiaries. Proceeds will be used to repay existing debt and redeem 8.000% Senior Notes due 2026. The offering targets qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The notes will not be registered under the Securities Act, limiting their sales without registration.

Compass Diversified (NYSE: CODI) announced plans to offer $750 million in senior unsecured notes due 2029. The proceeds will be used to refinance existing debt and redeem 8.000% Senior Notes due 2026. This offering is not contingent on other transactions and is limited to qualified institutional buyers under Rule 144A and non-U.S. Persons under Regulation S. The notes will not be registered under the Securities Act and are described as the company's senior unsecured obligations. The press release includes forward-looking statements regarding CODI's future performance.

Compass Diversified (CODI) reported robust financial performance for Q4 2020, achieving net sales of $474.8 million and net income of $8.8 million. For the full year, net sales reached $1.561 billion, with net income reported at $27.2 million. The company demonstrated strong cash flow with Adjusted EBITDA of $79.8 million for Q4 and $249.2 million for the year. CODI's strategic acquisitions of Marucci and BOA contributed to this growth, while a distribution of $0.36 per common share was declared for Q4. Guidance for 2021 predicts Adjusted EBITDA between $305 million and $325 million.

Compass Diversified Holdings (CODI) announced that shareholders can access their individual tax reporting information by February 22, 2021. The company will mail Investor Tax Reporting packages starting February 23, summarizing reportable tax items for the year ended December 31, 2020. CODI is not subject to federal or state income tax, allowing its annual income to flow directly to shareholders. Shareholders are advised to verify their tax statements and consult a tax advisor for guidance.

Compass Diversified (CODI) plans to release its Q4 2020 financial results on February 24, 2021, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results, featuring the CEO and CFO. Investors can join the call by dialing (833) 900-1532 domestically or (236) 712-2273 internationally, with passcode 1291438. A replay will be available until March 3, 2021. CODI focuses on middle market businesses and aims to leverage its investments for long-term growth, maintaining controlling ownership in its subsidiaries.

Foam Fabricators, a leader in custom protective packaging, has rebranded as Altor Solutions. This change reflects its expansion beyond molded foam into a full-service provider of Packaging, Insulation and Componentry (PIC). Supported by Compass Diversified (NYSE: CODI), the company aims to enhance its product offerings and geographic reach. The rebranding aligns with a growing demand for protective packaging solutions and positions Altor as a partner in solving complex customer challenges. Founded in 1957, Altor operates 17 facilities across North America.

Compass Diversified (NYSE: CODI) has declared a quarterly cash distribution of $0.36 per share on its Common Shares, payable on January 22, 2021. Additionally, quarterly distributions for its Series A, B, and C Preferred Shares were announced at $0.453125, $0.4921875, and $0.4921875 per share, respectively, all payable on January 30, 2021. The distributions reflect the Company’s continued commitment to shareholder returns and its focus on growth strategies, emphasizing its capital allocation approach and diverse subsidiary portfolio.

Compass Diversified (NYSE: CODI) is hosting its 2020 Virtual Investor Day today at 1:00 PM ET, highlighting its strong performance and growth strategy. CEO Elias Sabo emphasized the company's permanent capital model as a key advantage in today's market. The event features presentations from BOA Technology, acquired in October, showcasing its fit solutions and market expansion. CODI’s robust financial position, including successful acquisitions like Marucci Sports and BOA, strengthens its portfolio diversity and growth potential, with expectations for exceeding 2020 guidance.

Foam Fabricators, a leader in custom protective packaging solutions, will support the U.S. COVID-19 vaccine distribution using its twelve advanced manufacturing facilities. The company specializes in lightweight, low-cost, and recyclable EPS molded insulated containers that ensure temperature control for vaccine storage. Acquired by Compass Diversified (NYSE: CODI) in 2018, Foam Fabricators has a 60-year track record and extensive industry experience. They previously assisted with the H1N1 vaccine in 2009, demonstrating their capability to address significant logistical challenges.