Compass Diversified Holdings ( (CODI) ) has provided an update.
Compass Diversified Holdings reported strong financial results for the fourth quarter and full year of 2024, driven by double-digit sales growth and a significant increase in adjusted EBITDA. The company saw accelerated growth in both its consumer and industrial businesses, with notable sales increases attributed to acquisitions and strong performance from subsidiaries like Lugano and BOA. CODI’s strategic actions included the sale of Ergobaby, issuance of preferred shares, and repurchasing of common shares, which have bolstered its financial position. The company also declared cash distributions for its common and preferred shares, reflecting its robust earnings and profit expectations. Looking ahead to 2025, CODI anticipates continued growth in adjusted EBITDA and earnings, supported by its current subsidiaries.
More about Compass Diversified Holdings
Compass Diversified Holdings (CODI) is an owner of leading middle market branded consumer and industrial businesses. The company focuses on creating long-term value through its differentiated business model, strong operating companies, and permanent capital base.
YTD Price Performance: -10.26%
Average Trading Volume: 199,402
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $1.55B
For a thorough assessment of CODI stock, go to TipRanks’ Stock Analysis page.