Reports Q3 revenue $582.6M, consensus $586.41M. “Despite a dynamic macroeconomic environment, we had another great quarter,” said Elias Sabo, CEO of Compass Diversified (CODI). “Our differentiated business model and strong operating companies position us to create long-term value for all stakeholders. In the third quarter, we saw double-digit sales growth driven by continued demand in our Branded Consumer businesses. Our Industrial businesses are stabilizing and delivered low single-digit growth in the quarter. Given our momentum, we are raising our 2024 outlook and believe we are well positioned for growth in 2025 and beyond.”
Don't Miss out on Research Tools:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CODI:
- CODI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Compass Diversified announces $100M share repurchase pact
- Jadex completes sale of Lifoam to Altor Solutions
- Compass Diversified-backed Altor Solutions completes Lifoam acquisition
- Compass Diversified CFO Faulkingham Steps Down, Signs Separation Agreement