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Sep 30, 2023
Compass Diversified Q3 2023 Earnings Report
Reported remarkably strong third quarter results, driven by Lugano’s continued outperformance and the majority of companies performing above expectations.
Key Takeaways
Compass Diversified reported a decrease in net sales by 1% to $569.6 million, while experiencing a net loss of $3.8 million. Despite the net loss, Adjusted EBITDA increased by 13% to $103.9 million. The company raised its full-year Adjusted EBITDA outlook to between $450 million and $465 million and Adjusted Earnings to between $130 million and $140 million.
Net sales decreased by 1% to $569.6 million.
Branded consumer pro forma net sales increased 2% to $388.3 million.
Niche industrial net sales decreased 8% to $181.2 million.
Adjusted EBITDA increased 13% to $103.9 million.
Compass Diversified
Compass Diversified
Compass Diversified Revenue by Segment
Revenue by Segment
Branded Consumer Revenue
CapyFin.comIndustrial Revenue
CapyFin.com Forward Guidance
Compass Diversified raised its full-year Adjusted EBITDA and Adjusted Earnings outlook.
Positive Outlook
- Expects consolidated subsidiary Adjusted EBITDA of between $450 million and $465 million for the full year 2023.
- Estimates are based on the summation of the Company’s expectations for its current subsidiaries in 2023, including Marucci.
- Expects to earn between $130 million and $140 million in Adjusted Earnings for the full year 2023, including Marucci.
Revenue & Expenses
Visualization of income flow from segment revenue to net income