Compass Diversified Q2 2023 Earnings Report
Key Takeaways
Compass Diversified reported a 2% increase in net sales to $524.2 million, but a 3% decrease on a pro forma basis. Net income decreased to $17.1 million from $31.0 million due to higher expenses. Adjusted EBITDA increased by 3% to $90.1 million.
Net sales increased by 2% to $524.2 million, but decreased by 3% on a pro forma basis.
Branded consumer pro forma net sales decreased by 1% to $348.5 million.
Niche industrial net sales decreased by 7% to $175.6 million.
Adjusted EBITDA increased by 3% to $90.1 million.
Compass Diversified
Compass Diversified
Compass Diversified Revenue by Segment
Forward Guidance
CODI expects its current subsidiaries to produce consolidated subsidiary Adjusted EBITDA for the full year 2023 of between $430 million and $460 million and expects to earn between $110 million and $135 million in Adjusted Earnings for the full year 2023.