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Jun 30, 2021
Compass Diversified Q2 2021 Earnings Report
Reported record second quarter operating results driven by branded consumer performance and raised full year guidance.
Key Takeaways
Compass Diversified reported a net sales of $487.4 million and a net loss of $11.3 million for the quarter ended June 30, 2021. The company's performance was driven by its branded consumer businesses and the acquisitions of BOA and Marucci. They also raised the full year guidance.
Reported net sales of $487.4 million.
Reported net loss of $11.3 million.
Reported non-GAAP Adjusted EBITDA of $94.2 million.
Entered into a definitive agreement to sell Liberty Safe for $147.5 million.
Forward Guidance
The Company expects its current subsidiaries to produce consolidated Adjusted EBITDA for the full calendar year of 2021 of between $350 million and $370 million. Excluding Liberty Safe, CODI expects to produce consolidated subsidiary Adjusted EBITDA for the full calendar year of 2021 of between $325 million and $345 million. CODI’s Payout Ratio is anticipated to be between 65% and 55%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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