Compass Diversified (CODI) reported a decrease in Q4 revenue to $468.6 million, primarily impacted by the deconsolidation of Lugano on November 16, 2025. Despite a GAAP net loss of $78.8 million, the company saw strong performance in its remaining subsidiaries, with non-GAAP Adjusted EBITDA for the quarter rising significantly to $91.0 million compared to the prior year.
Deconsolidated Lugano Holding, Inc. on November 16, 2025, resulting in a $111.9 million loss on deconsolidation.
Q4 Adjusted EBITDA grew to $91.0 million from $37.8 million in the prior year period.
Completed a sale-leaseback of Altor facilities, generating $11 million to pay down debt.
Amended credit facility to restore full access to $100 million of revolver capacity and provide covenant flexibility.
The company provided Subsidiary Adjusted EBITDA guidance for the full year 2026, focusing on growth in the remaining Branded Consumer and Industrial segments.
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