Compass Diversified Q2 2024 Earnings Report
Key Takeaways
Compass Diversified reported an 11% increase in net sales to $542.6 million, driven by strong performance in branded consumer businesses. Adjusted EBITDA increased by 27% to $105.4 million. The company maintains its 2024 outlook.
Net sales increased by 11% to $542.6 million, up 6% on a pro forma basis.
Branded Consumer net sales increased 11% on a pro forma basis to $373.5 million.
Industrial net sales decreased 4% to $169.1 million.
Adjusted EBITDA increased by 27% to $105.4 million.
Compass Diversified
Compass Diversified
Compass Diversified Revenue by Segment
Forward Guidance
The Company is maintaining its 2024 outlook and expects its current subsidiaries to produce Subsidiary Adjusted EBITDA for the full year 2024 of between $480 million and $520 million and expects to earn Adjusted EBITDA of $390 million to $430 million for the full year 2024.