Compass Diversified Holdings (NYSE:CODIpA.PFD)
$ 17.68 -0.070 (-0.39%) Market Cap: - Enterprise Value: - PE Ratio: 0 PB Ratio: 0.55 GF Score: 60/100
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Q4 2024 Compass Diversified Holdings Earnings Call Transcript

Feb 27, 2025 / 10:00 PM GMT
Release Date Price: $23.16 (-0.47%)

Key Points

Positve
  • Compass Diversified Holdings (CODI) achieved double-digit sales growth and increased adjusted EBITDA by more than 30% for the full year 2024.
  • The company strategically acquired H1ypot and Life Foam, expanding its presence in the feminine hygiene and cold chain sectors, respectively.
  • CODI raised over $115 million in preferred equity, helping to deleverage its balance sheet and reduce the overall weighted average cost of capital.
  • The company implemented changes to its management services agreement to reduce long-term costs for shareholders and align management compensation with shareholder interests.
  • Lugano, a subsidiary, delivered exceptional results with annual sales growth of more than 50% and a 76.4% increase in adjusted EBITDA.
Negative
  • The company faced a one-time impact of a $12 million inventory write-down at 5.11 due to PFAS regulations.
  • CODI's industrial businesses experienced flat sales and a modest decline in adjusted EBITDA as they focused on repositioning for the long term.
  • The geopolitical uncertainty, including tariffs and potential trade wars, poses incremental risks for 2025.
  • The company anticipates significant cost increases due to the opening of three new Lugano salons in 2025, which may temporarily dilute margins.
  • Despite improvements, the overall market for mergers and acquisitions remains subdued, affecting CODI's ability to acquire new businesses.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CODI.N - Compass Diversified Holdings
Q4 2024 Compass Diversified Holdings Earnings Call
Feb 27, 2025 / 10:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to Compass Diversified's 4th quarter and full year 2024 conference call. Today's call is being recorded. All lines have been placed on mute. If you would like to ask a question at the end of the prepared remarks, please press the star key, then 11 on your touch tone phone.

At this time, I would not like to turn the conference over to Cody Slaw of Gateway Group for introductions and the reading of the Safe Harbor statement. Mr. Slaw, you may now begin the conference.

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Unidentified_2 [2]
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