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Dec 31, 2022
Compass Diversified Q4 2022 Earnings Report
Achieved solid financial performance driven by the quality and resilience of subsidiary businesses.
Key Takeaways
Compass Diversified reported a 6% increase in net sales to $594.9 million for the fourth quarter of 2022. The company's branded consumer net sales were up 11% to $371.0 million, while niche industrial net sales decreased 1% to $224.0 million. The company reported net loss of $11.8 million, compared to a net income of $25.9 million in the prior year.
Net sales increased by 6% to $594.9 million.
Branded consumer net sales grew by 11% to $371.0 million.
Net loss was $11.8 million due to a $20.6 million impairment expense related to Ergobaby.
Adjusted EBITDA increased by 5% to $87.3 million.
Forward Guidance
CODI expects its current subsidiaries to produce consolidated subsidiary Adjusted EBITDA for the full year 2023 of between $420 million and $460 million, and expects to earn between $105 million and $135 million in Adjusted Earnings for the full year 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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