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Mar 31, 2021
Compass Diversified Q1 2021 Earnings Report
Reported record first quarter operating results driven by Branded Consumer Performance and raised full year guidance.
Key Takeaways
Compass Diversified reported strong first quarter results, driven by impressive performance from its branded consumer businesses. The company's revenue and earnings increased across all consumer subsidiaries, with significant contributions from recent acquisitions Marucci and BOA. As a result of this strong performance, Compass Diversified has increased its annual guidance.
Reported net sales of $461.6 million for the first quarter 2021.
Reported net income of $22.0 million for the first quarter 2021.
Reported non-GAAP Adjusted EBITDA of $88.0 million for the first quarter 2021.
Reported Cash Provided by Operating Activities of $36.4 million for the first quarter 2021, and non-GAAP Cash Flow Available for Distribution and Reinvestment (‘CAD’) of $46.2 million for the first quarter 2021.
Forward Guidance
Compass Diversified expects its current subsidiaries to produce consolidated Adjusted EBITDA for the full calendar year of 2021 of between $325 million and $345 million. Payout Ratio is anticipated to be between 60% and 70%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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