Reports Q2 revenue $524.2M, consensus $557.07M.”Our second quarter results were once again driven by the strength and diversification of CODI‘s subsidiary businesses,” said Elias Sabo, CEO of Compass Diversified. “The easing of inflationary pressures in our niche industrials businesses drove solid Adjusted EBITDA expansion, and in our consumer businesses, despite inventory destocking headwinds continuing to constrain growth, end-market demand across most of our brands performed at or above our expectations. Given our resilient performance, we remain confident that our diversified group of subsidiaries will continue to drive value for our shareholders in 2023 and beyond.”
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CODI:
- Compass Diversified Reports Second Quarter 2023 Financial Results
- Is CODI a Buy, Before Earnings?
- Compass Diversified Announces Second Quarter 2023 Earnings and Conference Call Information
- Compass Diversified appoints Geoffrey Feil as CEO of The Sterno Group
- Compass Diversified Holdings Announces Changes to its Board of Directors; Long-Standing Director C. Sean Day Retires
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue