Compass Diversified Targets 12% to 15% Earnings Growth
CODI unveiled its 5-year growth targets along with some color on the suspended 5.11 IPO and recently acquired PrimaLoft’s priorities during its 2023 Investor Day. The company issued 5-year targets of $715 million in subsidiary adjusted EBITDA by 2028, taking 2022 estimates of $465 million up at a core growth rate of 8% to 10%. This will produce adjusted earnings of $265 million, up from $150 million in ‘22 at 12% to 15% growth. With a current roster of 11 subsidiaries, CODI expects to hit 15+ by ‘28 with an average ... Log in to view full article.