Welcome to our dedicated page for Compass Diversified news (Ticker: $CODI), a resource for investors and traders seeking the latest updates and insights on Compass Diversified stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Compass Diversified's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Compass Diversified's position in the market.
Rhea-AI Summary
Compass Diversified (CODI) proudly announces the promotions of investment team members Raj Dalal, Lucas Scholhamer, and Phoebe Madsen, reflecting another strong year at CODI. CEO Elias Sabo extends heartfelt congratulations to the promoted members, highlighting their instrumental role in shaping the firm's success story.
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End-of-Day
1.54%
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Compass Diversified (CODI) announced a quarterly cash distribution for its common and preferred shares, with expectations that all 2023 distributions will be qualified dividends for U.S. federal income tax purposes. The final tax status of 2024 distributions will be determined in early 2025.
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End-of-Day
-0.09%
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Compass Diversified (NYSE: CODI) has completed a private placement of approximately 3.6 million of its common shares to a mutual fund managed by Allspring Global Investments, LLC for $21.18 per share, totaling approximately $75.2 million. The proceeds will be used for general corporate purposes. The CEO, Elias Sabo, expressed excitement about the investment, stating that it aligns with their long-term strategy and will allow them to pursue potential acquisition opportunities in 2024. This investment strengthens their ability to grow subsidiaries and act on new acquisition opportunities while aiming to deliver strong returns to shareholders.
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1.85%
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Compass Diversified (NYSE: CODI) will host an investor day on January 17, 2024, featuring presentations by the management team and showcasing the Company’s Lugano Diamonds subsidiary. The event will be hybrid, with in-person and virtual components, including a tour of the 5.11 headquarters and a reception at Compass Diversified’s West Coast office.
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-0.09%
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Compass Diversified (NYSE: CODI) proudly announces the appointment of Anne Cavassa as the Chief Executive Officer of its subsidiary, PrimaLoft Inc., effective January 1st, 2024. This follows Cavassa’s recent appointment as President of the company and the retirement of former President and CEO, Mike Joyce, who will assume the role of Vice Chair on PrimaLoft’s Board of Directors. Cavassa brings nearly three decades of experience from esteemed outdoor and active lifestyle brands, such as Saucony, Brooks Sports Inc., Timberland, Nike, Reebok, Tommy Bahama, and Eddie Bauer.
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End-of-Day
-0.09%
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Compass Diversified (NYSE: CODI) announced the completion of the sale of its majority owned subsidiary, Marucci Sports, to Fox Factory Holding Corp. for an enterprise value of $572 million. CODI received approximately $485 million of total proceeds from the sale at closing and expects to record a pre-tax gain of approximately $225 million to $245 million. The net proceeds will be used to pay down outstanding debt and for general corporate purposes.
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End-of-Day
1.93%
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Compass Diversified (NYSE: CODI) raises full-year outlook after reporting strong third-quarter performance. Net sales were down 1% to $569.6 million. Branded consumer net sales increased 2% to $388.3 million. Niche industrial net sales decreased 8% to $181.2 million. Net loss of $3.8 million compared to net income of $2.6 million in the same period last year. Adjusted EBITDA was up 13% to $103.9 million. CODI expects consolidated subsidiary Adjusted EBITDA of $450 million to $465 million for the full year 2023.
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Rhea-AI Sentiment
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5.04%
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Compass Diversified (CODI) has entered into a definitive agreement to sell its majority owned subsidiary, Marucci Sports, to Fox Factory Holding Corp. (FOX) for an enterprise value of $572 million. CODI expects to realize a pre-tax gain of $225 million to $245 million from the sale. The proceeds will be used to pay down debt and for general corporate purposes. The transaction is expected to close in November 2023.
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Rhea-AI Sentiment
End-of-Day
5.04%
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Sterno, a pioneer in portable food warming products, has been awarded TRUE Silver certification for its manufacturing facility in Texarkana, Texas. The facility diverts nearly 95% of its waste stream from landfills and incineration, making it the first manufacturing facility in Texas and the first in the foodservice equipment and supplies industry to achieve this certification.
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3.36%
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Compass Diversified (CODI) plans to release financial results for Q3 2023 on November 2nd and hold a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.94%
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Compass Diversified
NYSE:CODI
CODI Rankings
CODI Stock Data
1.67B
65.38M
13.12%
56.55%
1.18%
Upholstered Household Furniture Manufacturing
Manufacturing
United States of America
WESTPORT
About CODI
since our founding in 1998, the compass group has focused exclusively on the middle market space. our strategy and philosophy remains the same today as it was on the day of our founding — we look to acquire companies that we could own forever and that exhibit a clear “reason to exist”. we are passionate about partnering with outstanding management teams and support them with patient growth capital. at compass we have a commitment to our people, not change for change’s sake. from our experience we know that no one can run a successful business and be averse to change. in fact, we embrace positive change as a catalyst for growth. that said, we have no intention of changing the way we conduct ourselves as we build businesses. the management teams that help us to build are our partners — the people who make up the compass group family.