Compass Diversified Holdings (CODI) Form 10-Q — Nov 4, 2026
Compass Diversified Holdings returned to profitability in Q3 2026, reporting net income attributable to Holdings of $21.5 million ($0.06 per share) versus a $74.0 million loss in the year-ago quarter. Nine-month results of $71.9 million in net income were driven largely by a $178.0 million gain on the May 2026 sale of Sterno's food service business and proceeds from the Lugano bankruptcy liquidation, including a $29.8 million initial distribution. Quarterly revenue fell about 10.5% year-over-year to $422.9 million, and the board has not reinstated common share distributions since suspending them in May 2025.
Key figures
- Eps
- 0.06
- Revenue
- 422930000
- Net Income
- 21544000
- Revenue Yoy
- -10.5% (Q3 2026 $422.9M vs $472.6M Q3 2025)
- Total Assets
- 2749550000
- Cash Position
- 127167000
- Shares Outstanding
- 75236000
- Q3 revenue prior year
- 472562000
- Lugano initial distribution
- 29803000
- Senior notes 2029 principal
- 1029371000
- Senior notes 2032 principal
- 308800000
- Gain on sterno sale nine months
- 178004000
- Revolver commitments reduced to
- 54000000
- Consolidated total leverage ratio
- 4.53:1.00
- Nine month net income attributable
- 71874000
- Primaloft goodwill impairment q1 2026
- 20500000
- Special beneficial interest fair value
- 9500000
- Distributions suspended on common shares
- Yes
AI analysis
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