CODI’s net income spiked 351% to $21,996,000 from $4,880,000 on 38% sales growth to $461,596,000 over $333,449,000 for the first quarter on the addition of revenues from the Marucci Sports and Boa acquisitions. Excluding those two, organic revenues were up about 14%. The company’s 5.11 Tactical, Liberty Safe, Marucci, Velocity Outdoor and Boa divisions all posted sales growth in the quarter, averaging a 33% gain in revenue and 82% gain in EBITDA, including Ergobaby rounding out the Consumer Brands segment.
Velocity led with triple-digit growth, as a top line gain of 116% to $65,632,000 from $30,390,000 drove 327% EBITDA growth to ... Log in to view full article.