Results Improve at 5.11 and Liberty, but Velocity Outdoor Declines
Compass Diversified’s sporting goods subsidiaries posted mixed results in Q1, with solid gains from 5.11 Tactical and Liberty Safe, but an operating loss on lower sales from Velocity Outdoor. Sales at 5.11 increased 9% to $95,781,000 from $88,089,000 helped by 16 new stores in the past year for a total of 61, and operating income grew 96% to $4,586,000 from $2,338,000. Liberty Safe benefitted from growing heat in the firearms market, ... Log in to view full article.
