Compass Diversified ( (CODI) ) has released its Q4 earnings. Here is a breakdown of the information Compass Diversified presented to its investors.
Compass Diversified, a company specializing in owning and managing middle-market branded consumer and industrial businesses, has reported robust financial results for the fourth quarter and full year of 2024. The company, known for its unique business model and permanent capital base, has demonstrated significant growth across its diverse portfolio.
In the fourth quarter of 2024, Compass Diversified achieved a 13.8% increase in net sales, reaching $620.3 million, while its full-year net sales rose by 11.9% to $2.2 billion. The company’s Adjusted EBITDA also saw a substantial rise of 29% in the fourth quarter, amounting to $118.2 million, driven by strong performances in both its branded consumer and industrial segments.
Key highlights from the earnings report include a 15.2% increase in branded consumer net sales and an 11.4% rise in industrial net sales for the fourth quarter. Additionally, the company successfully raised approximately $90 million through preferred shares issuance and repurchased over 400,000 common shares. The sale of Ergobaby for $104 million and the acquisition of The Honey Pot Co. further contributed to the company’s financial strength.
Looking ahead, Compass Diversified expects its subsidiaries to generate between $570 million and $610 million in consolidated Subsidiary Adjusted EBITDA for 2025. The company remains focused on leveraging its strategic acquisitions and strong operational base to continue delivering value to its stakeholders.