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.
Compass Diversified (NYSE: CODI) maintains an active portfolio of branded consumer and industrial businesses through its permanent capital model. This news hub provides investors and stakeholders with essential updates across CODI’s operations, including subsidiary performance, strategic acquisitions, and financial developments.
Track official press releases and market analysis covering CODI’s unique approach to market leadership in middle-market sectors. Our curated collection features earnings reports, partnership announcements, and operational updates from CODI’s corporate leadership and subsidiary management teams.
Key content includes acquisition disclosures for new portfolio additions, financial results from branded consumer segments like 5.11 Tactical and Ergobaby, plus industrial division updates from companies specializing in protective packaging and engineered materials. All content is verified through primary sources to ensure regulatory compliance and factual accuracy.
Bookmark this page for streamlined access to CODI’s latest business developments. Monitor how the company’s long-term ownership strategy translates into market performance across its diversified holdings.
Compass Diversified (NYSE: CODI) announced its Board of Directors has declared quarterly cash distributions for the fourth quarter of 2024. A distribution of $0.25 per share will be paid on January 23, 2025, to holders of Common Shares as of January 16, 2025. Additionally, distributions for the Series A, B, and C Preferred Shares have been declared. Series A Preferred Shares will receive $0.453125 per share, Series B Preferred Shares will receive $0.4921875 per share, and Series C Preferred Shares will also receive $0.4921875 per share. These distributions will be paid on January 30, 2025, to holders of record as of January 15, 2025.
The distributions should generally be considered qualified dividends for U.S. federal income tax purposes, provided the requisite holding period is met. However, CODI does not expect all distributions paid in 2024 to be qualified dividends due to expected earnings and profits being below cash distributions. Any excess will be treated as a non-taxable return of capital or capital gain. Final tax statuses for 2024 and 2025 distributions will be reported in early 2025 and 2026, respectively.
Highlander Partners has announced the acquisition of Ergobaby from Compass Diversified (NYSE: CODI). Founded in 2003 and based in Los Angeles, Ergobaby is the global market leader in premium baby carriers, operating through a workforce of 170 employees across more than 1,800 retail locations in over 75 countries.
The company manages three main brands: Ergobaby (flagship premium baby carriers), Tula (functional carriers with expressive prints), and Belly Bandit (maternity and postpartum solutions). Their product line includes carriers, wraps, strollers, bouncers, highchairs, and various maternity accessories.
Highlander Partners plans to pursue growth through product innovation, market expansion, and implementing a "buy and build" strategy with potential M&A opportunities in the juvenile products market.
Compass Diversified (NYSE: CODI) has announced the sale of its majority-owned subsidiary, Ergobaby, to Highlander Partners, L.P., a Dallas-based private investment firm. The transaction was simultaneously agreed upon and completed. Proceeds from the sale will be allocated towards debt reduction and general corporate purposes.
Ergobaby, known for its premium juvenile products, will transition to new ownership under Highlander. CODI's CEO Elias Sabo expressed pride in Ergobaby's position as a global leader and indicated plans to continue acquiring and managing innovative brands to drive long-term shareholder value.
Compass Diversified (NYSE: CODI) has announced its upcoming investor day scheduled for January 16, 2025, at Convene's One Liberty Plaza in New York City. The event will run from 9:30 AM to 1:30 PM ET and will feature multiple segments including:
• A presentation and Q&A session with CODI's executive management team
• A panel discussion moderated by CEO Elias Sabo featuring CEOs from 5.11 Tactical, PrimaLoft, and Altor Solutions
• A self-guided interactive tour showcasing CODI's 10 businesses
• Continental breakfast and lunch
Interested parties can attend either in-person by RSVPing to CODI@gateway-grp.com or virtually through a webcast link. Virtual attendees are advised to allow extra time for necessary software downloads.
Compass Diversified (NYSE: CODI) reported strong Q3 2024 financial results with net sales up 11.8% to $582.6 million. The company saw double-digit sales growth driven by Branded Consumer businesses, while Industrial businesses showed low single-digit growth. Key highlights include:
- Income from continuing operations of $31.5 million vs previous loss of $14.0 million
- Adjusted EBITDA up 28% to $114.0 million
- Adjusted Earnings increased 65% to $48.7 million
- Announced $100 million share repurchase program
- Raised 2024 outlook with expected consolidated pro-forma subsidiary Adjusted EBITDA between $510-525 million
Compass Diversified (NYSE: CODI), an owner of leading middle market businesses, has announced its plans to release financial results for the third quarter ended September 30, 2024. The results will be released on Wednesday, October 30, 2024, after the close of market trading.
CODI has scheduled a conference call to discuss the results on the same day at 5:00 p.m. ET. The call will feature the company's Chief Executive Officer, Elias Sabo, Chief Financial Officer, Stephen Keller, and Chief Operating Officer of Compass Group Management, Pat Maciariello.
A live webcast of the call will be available on the Investor Relations section of CODI's website. Participants can access the call by phone through a registration link provided. To avoid delays, participants are encouraged to dial in 15 minutes before the scheduled start time. A replay of the webcast will be available for a time on the company's website.
Compass Diversified (NYSE: CODI) has announced a $100 million share repurchase program authorized by its Board of Directors. The program allows CODI to repurchase its issued and outstanding common shares through December 31, 2024, with the possibility of extension. The repurchases can be executed through various methods, including open market transactions, investment banking institutions, privately-negotiated transactions, or direct purchases.
CEO Elias Sabo stated that this program reflects the company's confidence in its long-term strategy and growth prospects. The timing and amount of repurchases will be subject to CODI's discretion, considering market conditions, legal requirements, and other corporate factors.
Compass Diversified (NYSE: CODI) has announced its third quarter 2024 distributions for common and preferred shares. The Board of Directors declared a quarterly cash distribution of $0.25 per common share, payable on October 24, 2024, to shareholders of record as of October 17, 2024. Additionally, the company declared distributions for its Series A, B, and C Preferred Shares:
- Series A: $0.453125 per share
- Series B: $0.4921875 per share
- Series C: $0.4921875 per share
These preferred share distributions cover the period from July 30, 2024, to October 30, 2024, and are payable on October 30, 2024, to shareholders of record as of October 15, 2024. CODI expects these distributions to generally constitute qualified dividends for U.S. federal income tax purposes, subject to certain conditions.
Jadex Inc. has completed the sale of Lifoam Industries, to Altor Solutions, a subsidiary of Compass Diversified (NYSE: CODI), for $137 million in cash, excluding working capital and certain other adjustments. Lifoam is a leading manufacturer of temperature-controlled packaging products such as thermal shippers and refrigerant gel packs for healthcare, commercial, and retail customers.
Over the past several years, Lifoam has focused on innovation, new product development, and environmentally-friendly products, which has allowed it to grow its customer base in the healthcare- and food-related cold chain shipping end markets.
Compass Diversified (NYSE: CODI) announced that its subsidiary, Altor Solutions, has completed the acquisition of Lifoam Industries, for an enterprise value of $137 million. Lifoam, founded in 1954, is a leading manufacturer of temperature-controlled packaging products for healthcare, commercial, and retail industries. The acquisition, previously announced on August 15, 2024, is expected to enhance Altor's market reach and cold-chain technology capabilities.
Terry Moody, CEO of Altor, emphasized the valuable infrastructure and specialized expertise Lifoam brings to the company. Elias Sabo, CEO of Compass Diversified, highlighted the acquisition as a significant advancement in Altor's long-term strategy, enhancing their capabilities and expanding their customer base.
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