Preview - Please log in to view full article.

Article Date: August 2023
Word Count: 362

Compass Diversified Brands Suffer from Inventory Headwinds


Net income from continuing operations in CODI’s branded consumer companies related to sports, outdoor and apparel—5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor—declined by 68% to $6.9 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell by 9% to $261.4 million from $288.0 million. While its overall Q2 results exceeded expectations and some “green shoots” were seen at PrimaLoft in the form of increased bookings, CODI opted to maintain its FY23 outlook that calls for $430 to $460 million in adjusted EBITDA ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.