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Article Date: July 2021
Word Count: 390

Compass Diversified Sports Brands all Improve


CODI’s net loss expanded to $11,251,000 from the prior year’s $7,366,000 loss on a 46% sales increase to $487,438,000 from $333,627,000. While operating income jumped 261% to $48,578,000 from $13,453,000, the bottom line took a hit from a $33,305,000 loss on debt extinguishments a result of bond refinancing. 5.11 Tactical, BOA, Liberty Safe, Marucci Sports and Velocity Outdoor all posted sales and EBITDA growth for the quarter, and total Branded Consumer segment sales, including Ergobaby, were up 45% to $302,520,000. Segment EBITDA grew 148% to $66,006,000. On the heels of the divestiture of Liberty, which is expected to close in ... Log in to view full article.

 


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