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Sep 30, 2022
Compass Diversified Q3 2022 Earnings Report
Reported record financial performance driven by net sales growth.
Key Takeaways
Compass Diversified reported a record third quarter with net sales up 22% to $597.6 million and operating income up 16% to $48.7 million. Net income decreased to $2.6 million due to the sale of Liberty Safe in the previous year. The company raised its 2022 outlook due to strong performance.
Net sales increased by 22% to $597.6 million.
Branded consumer net sales increased by 34% to $378.2 million.
Operating income increased by 16% to $48.7 million.
Adjusted EBITDA increased by 27% to $98.3 million.
Forward Guidance
CODI expects its current subsidiaries to produce consolidated subsidiary Adjusted EBITDA for the full year 2022 of between $460 million and $470 million and to earn between $145 million and $155 million in Adjusted Earnings for the full year 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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