Compass Diversified Holdings (CODI) Compass Diversified functions as a private equity firm, specializing in late-stage and middle-market investments. The company employs various strategies, including leveraged buyouts, industry consolidation efforts, recapitalizations, and strategic add-on acquisitions. Their investment focus is on North American enterprises, particularly those in niche industrial or branded consumer segments. They also target businesses within manufacturing, distribution, general consumer products, business services, safety & security, electronic components, as well as the food and foodservice sectors. Typically, Compass Diversified allocates between $100 million and $800 million per investment, seeking companies with an EBITDA ranging from $15 million to $80 million. A key aspect of their approach is to secure controlling or majority ownership interests in their portfolio companies, often leveraging these as platforms for subsequent acquisitions. The firm funds these ventures directly from its balance sheet and generally holds investments for a period of five to seven years. Founded in 2005, Compass Diversified's main office is located in Westport, Connecticut, with an additional presence in Costa Mesa, California.
Sector: Household Furniture
Industry: Conglomerates
Compass Diversified NYSE:CODI Industrials · Conglomerates
Mkt Cap $850.92M
Earnings Dec 17 · in 5w
CLOSED · Nov 6 $11.31 CLOSED · Nov 6 Prev close $11.47 Close $11.31 0.00% AH close $11.31 VOL 640K $ Vol $7.16M RVOL 0.96x
Mkt Cap $850.92M
VOL 640K sh
$ Vol $7.16M
RVOL 0.96×
Earnings Dec 17 · in 5w
Press Release ⚠ 4
Compass Diversified Reports Third Quarter 2026 Financial Results
Compass Diversified reported Q3 2026 income from continuing operations of $23.2 million, a sharp swing from a $86.7 million loss a year earlier, on net revenues of $422.9 million (down 10.5% GAAP).
On a comparable non-GAAP basis excluding Lugano and the divested Sterno Food Service Business, net sales rose 0.8% and Subsidiary Adjusted EBITDA grew 12.9% to $89.7 million, led by Branded Consumer EBITDA up 27.5%; Industrial EBITDA fell 19.6%.
CODI tightened its FY2026 Subsidiary Adjusted EBITDA outlook to $330-355 million with the midpoint unchanged, reflecting higher Branded Consumer and lower Industrial expectations. Leverage fell to ~4.5x from 4.8x as the company applied nearly $30 million of Lugano bankruptcy distribution proceeds to its term loan, with total debt down to $1,571.7 million from $1,890.7 million at year-end 2025.
• 4d ago AI analysis › Press Release
Compass Diversified Announces Third Quarter 2026 Earnings and Conference Call Information
Compass Diversified (NYSE: CODI) announced it will report third quarter 2026 financial results on Wednesday, November 4, 2026, after market close.
A conference call to review the results and provide an update on the 2026 business outlook is scheduled for 5:00 p.m. ET the same day, with a live webcast available on the company's investor relations site.
This is a calendar notice only; no financial figures or guidance were included in the release.
• 17d ago AI analysis › Press Release ⚠ 2
Compass Diversified Declares Third Quarter 2026 Distributions on Series A, B and C Preferred Shares
Compass Diversified's Board declared quarterly cash distributions on all three preferred series: $0.453125 per share on 7.250% Series A and $0.4921875 per share each on 7.875% Series B and C.
The distributions cover July 30 through October 30, 2026, payable October 30 to holders of record as of October 15, 2026.
The release also carries standard risk language referencing material weaknesses in internal controls and the Lugano Holding investigation, but contains no new information on either matter.
• 1mo ago AI analysis › Press Release ● Major ⚠ 3
Compass Diversified Reports Second Quarter 2026 Financial Results
Compass Diversified reported Q2 2026 GAAP net income of $81.1 million, or $0.86 per share, reversing a prior-year loss of $51.2 million, driven largely by a $182.3 million gain on the sale of Sterno's Food Service Business. On a non-GAAP basis, revenue was flat year-over-year at $410.6 million, while Subsidiary Adjusted EBITDA grew 12.6% to $91.5 million, with Branded Consumer businesses up 24.2%.
The company applied more than $280 million of sale proceeds to reduce total debt to $1.59 billion, lowering its leverage ratio to 4.8x from 5.3x in the prior quarter. Management also amended its Management Services Agreement to lower expected fees starting in 2027 and extended the maturity of its senior credit facility.
CODI maintained its full-year 2026 Subsidiary Adjusted EBITDA outlook of $320 million to $365 million and announced that CEO Elias Sabo will retire on December 31, 2026, with COO Zach Sawtelle named as his successor.
• 2mo ago AI analysis › Press Release
Compass Diversified Announces Second Quarter 2026 Earnings and Conference Call Information
Compass Diversified announced it will report its second quarter 2026 financial results after the market close on Monday, August 10, 2026.
The company has scheduled a conference call for 5:00 p.m. ET on that date to review the results and provide a business outlook update.
A live webcast and replay will be available via the investor relations section of the company’s website.
• 3mo ago AI analysis › Press Release ● Major ⚠ 2
ADW Capital Management Sends Letter to Compass Diversified’s Board Reiterating its Call for an Immediate Strategic Review Process and Orderly Liquidation of the Company
ADW Capital Management, which holds a 19.3% stake in Compass Diversified, issued an open letter to the board demanding an immediate strategic review and orderly liquidation of the company.
The firm argues that internalizing the company's external manager could unlock $50 to $60 of value per share, implying significant undervaluation under the current structure.
ADW cited findings regarding board member independence and potential conflicts of interest, urging the board to engage or face a proxy contest.
• 3mo ago AI analysis › Press Release
Compass Diversified Announces Amendments to Management Services Agreement Reducing Management Costs and Further Strengthening Shareholder Alignment
Compass Diversified announced a Ninth Amended and Restated Management Services Agreement, reducing the base management fee from 2.00% to 1.25% of Adjusted Net Assets effective January 1, 2027.
The company expects total 2027 management fees to decline by $19 million to $22 million compared to the existing formula, with base fees capped at $30 million for the year.
The new structure replaces the prior incentive fee with Share Alignment and Performance-Based Awards tied to total shareholder return and EBITDA, while the full-year 2026 outlook was reaffirmed.
• 3mo ago AI analysis › Press Release
Compass Diversified Declares Second Quarter 2026 Distributions on Series A, B and C Preferred Shares
Compass Diversified declared quarterly cash distributions for its Series A, B and C preferred shares.
The Series A distribution is set at $0.453125 per share, while the Series B and C distributions are $0.4921875 per share.
All distributions are payable on July 30, 2026 to shareholders of record as of July 15, 2026.
• 4mo ago AI analysis › Press Release ⚠ 2
Compass Diversified Announces Settlement Advancing Lugano Plan of Liquidation
Compass Diversified announced a settlement agreement regarding the Chapter 11 bankruptcy of Lugano Diamonds & Jewelry, CODI's portfolio company.
The settlement establishes a framework for CODI's recovery from the Lugano estate, including inventory disposition proceeds and tax refunds, pending court confirmation.
CODI Chairman Larry Enterline noted the resolution accelerates cash recovery and allows the company to refocus on strategic priorities like deleveraging and enhancing operations.
• 4mo ago AI analysis › Press Release ⚠ 2
Compass Diversified Announces CEO Succession Plan
Compass Diversified announced that co-founder and CEO Elias Sabo will retire on December 31, 2026, with current COO Zach Sawtelle succeeding him.
Sawtelle, who has been with the external manager Compass Group Management since 2009, will also join the Board of Directors upon Sabo’s departure.
The company reaffirmed its full-year 2026 outlook and noted that the review of its Management Services Agreement is progressing, with completion expected in the coming weeks.
• 4mo ago AI analysis › Press Release
Compass Diversified Reports First Quarter 2026 Financial Results
Compass Diversified reported Q1 GAAP net revenues of $426.9 million, down 5.9% year-over-year, but flat when excluding the deconsolidated Lugano subsidiary.
Subsidiary Adjusted EBITDA grew 6.3% to $83.9 million, driven by an 11.6% increase in the Branded Consumer vertical, while the company completed the sale of Sterno for $292.5 million to reduce debt.
CODI updated its fiscal 2026 guidance for Subsidiary Adjusted EBITDA to a range of $320.0 million to $365.0 million, stating the outlook is at or above prior expectations adjusted for the divestiture.
• 6mo ago AI analysis › Press Release ● Critical
Compass Diversified Completes Sale of Sterno’s Food Service Business
Compass Diversified completed the sale of Sterno’s food service business to Archer Foodservice Partners for an enterprise value of $292.5 million. The transaction closed on May 1, 2026, concluding the divestiture of a majority-owned subsidiary's business unit.
CODI received approximately $280 million in net proceeds after adjustments and allocations to non-controlling shareholders. The company intends to use the proceeds to repay outstanding senior secured debt.
Management expects the repayment to reduce the senior secured net leverage ratio to below 1.0x by June 30, 2026, thereby avoiding fees tied to excess leverage.
• 6mo ago AI analysis › 
