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Dec 31, 2019

Compass Diversified Q4 2019 Earnings Report

Compass Diversified Holdings reported solid fourth quarter operating results, exceeding management expectations and achieving strong cash flow from operating activities.

Key Takeaways

Compass Diversified Holdings reported net sales of $387.0 million and net income of $5.4 million for the fourth quarter of 2019. The company also reported non-GAAP Adjusted EBITDA of $61.7 million and Cash Provided by Operating Activities of $53.0 million.

Reported net sales of $387.0 million for the fourth quarter of 2019.

Reported net income of $5.4 million for the fourth quarter of 2019.

Reported non-GAAP Adjusted EBITDA of $61.7 million for the fourth quarter of 2019.

Reported Cash Provided by Operating Activities of $53.0 million for the fourth quarter of 2019, and non-GAAP Cash Flow Available for Distribution and Reinvestment ("CAD") of $30.0 million.

Total Revenue
$387M
Previous year: $453M
-14.5%
EPS
-$0.24
Previous year: -$0.25
-4.0%
Adjusted EBITDA
$61.7M
Cash Flow Available for Distribution and Reinvestment
$30M
Cash Provided by Operating Activities
$53M
Gross Profit
$141M
Previous year: $148M
-4.7%
Cash and Equivalents
$100M
Previous year: $48.8M
+105.7%
Free Cash Flow
$40M
Previous year: $46.5M
-13.9%
Total Assets
$1.89B
Previous year: $2.37B
-20.3%

Compass Diversified

Compass Diversified

Compass Diversified Revenue by Segment

Forward Guidance

The Company expects its current subsidiaries to produce consolidated Adjusted EBITDA in 2020 of between $238 million and $258 million. The company anticipates Payout Ratio to be between 80% and 90%.

Revenue & Expenses

Visualization of income flow from segment revenue to net income