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Jun 30, 2022
Compass Diversified Q2 2022 Earnings Report
Reported record financial performance driven by net sales growth of 19% and raised full-year outlook due to strong performance and PrimaLoft acquisition.
Key Takeaways
Compass Diversified reported a strong second quarter with a 19% increase in net sales to $515.6 million and a significant rise in net income to $31.0 million. The company raised its full-year outlook based on continued strong performance and the acquisition of PrimaLoft.
Net sales increased by 19% to $515.6 million, or 13% on a pro forma basis.
Branded consumer net sales rose by 21% to $326.5 million, or 12% on a pro forma basis.
Niche industrial net sales grew by 16% to $189.1 million.
Net income increased significantly to $31.0 million compared to a net loss of $11.3 million in the same quarter last year.
Compass Diversified
Compass Diversified
Compass Diversified Revenue by Segment
Revenue by Segment
Branded Consumer Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
CODI expects its current subsidiaries, including PrimaLoft, to produce consolidated subsidiary Adjusted EBITDA for the full year 2022 of between $445 million and $470 million. The Company expects to earn between $130 million and $145 million in Adjusted Earnings for the full year 2022, including PrimaLoft, and including Advanced Circuits as a result of the expectation of reclassifying Advanced Circuits to continuing operations during the third quarter.