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Compass Diversified Holdings (CODI)
NYSE:CODI
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.53Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 13.35%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance in Q3, with significant growth in adjusted EBITDA and positive updates on the Branded Consumer segment, leading to a raised full-year guidance. However, challenges in the Industrial segment and increased corporate costs were noted. Overall, the sentiment is positive with a focus on strategic growth and strong financial performance.Company Guidance
During the third quarter of 2024, Compass Diversified Holdings (CODI) reported impressive financial performance, with combined revenue growing in the double digits and adjusted EBITDA increasing by over 25% compared to the same quarter in 2023, reaching a record $114 million. Consequently, CODI raised its full-year guidance for 2024, projecting consolidated pro forma subsidiary adjusted EBITDA to range between $510 million and $525 million. The Branded Consumer segment drove much of this growth, with pro forma revenues up 10.3% and adjusted EBITDA rising by 27% year-over-year. Meanwhile, the Industrial segment faced challenges, showing a 4% decline in revenues and a 6.1% decrease in adjusted EBITDA due to headwinds at Outdoor Solutions. CODI maintained a strong balance sheet with $71.9 million in cash and over $480 million available on its revolver, supporting continued investment and opportunistic acquisitions amidst a relatively muted M&A landscape. The company also announced a new $100 million share repurchase program, reflecting confidence in its strategic plan and intrinsic business value.Record-Breaking EBITDA Growth
Q3 adjusted EBITDA grew by over 25% year-over-year, reaching $114 million, marking a new quarterly record for CODI.
Guidance Increase
Based on strong performance, full-year guidance for 2024 has been raised, with consolidated pro forma subsidiary adjusted EBITDA expected between $510 million and $525 million.
Branded Consumer Segment Success
Pro forma revenues increased by 10.3% and adjusted EBITDA increased by 27% year-to-date, driven by strong performance from Lugano, BOA, PrimaLoft, and the Honey Pot Company.
Inc. Magazine's Founder-Friendly Investor Award
CODI received the Founder-Friendly Investor Award from Inc. Magazine, highlighting its collaborative approach with subsidiary management teams.
New Share Repurchase Program
Announced a new $100 million repurchase program, indicating confidence in CODI's strategic plan and growth prospects.
Lifoam Acquisition
Altor's acquisition of Lifoam expected to accelerate long-term strategy and growth, with $7 million in integration costs anticipated over the next 5 to 6 quarters.
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CODI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CODI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $20.60 | $21.70 | +5.34% |
| Jul 31, 2024 | $23.78 | $21.24 | -10.68% |
| May 01, 2024 | $22.08 | $20.86 | -5.53% |
| Feb 28, 2024 | $21.82 | $22.25 | +1.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Compass Diversified Holdings (CODI) report earnings?
Compass Diversified Holdings (CODI) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Compass Diversified Holdings (CODI) earnings time?
Compass Diversified Holdings (CODI) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CODI EPS forecast?
CODI EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
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