An announcement from Compass Diversified Holdings ( (CODI) ) is now available.
Compass Diversified (CODI) announced impressive third-quarter 2024 financial results, showcasing an 11.8% increase in net sales, driven by strong demand in its Branded Consumer segment and stabilizing industrial sales. The company’s strategic acquisitions, such as The Honey Pot Co., contributed significantly to its growth, resulting in a net income of $31.5 million compared to a loss in the previous year. CODI’s robust performance has led to a raised 2024 outlook, anticipating further growth into 2025. The company also launched a $100 million share repurchase program and declared substantial quarterly distributions to shareholders.
See more data about CODI stock on TipRanks’ Stock Analysis page.
