Earnings summaries and quarterly performance for Compass Diversified.
Executive leadership at Compass Diversified.
Board of directors at Compass Diversified.
Research analysts who have asked questions during Compass Diversified earnings calls.
Matt Koranda
ROTH Capital Partners
6 questions for CODI
Also covers: AOUT, BYRN, CDRE +13 more
LS
Lawrence Solow
CJS Securities, Inc.
5 questions for CODI
Also covers: BTSG, CDRE, CLH +13 more
MH
Matthew Howlett
B. Riley Securities
5 questions for CODI
Also covers: AOMR, BRSP, BUR +9 more
RD
Robert Dodd
Raymond James
5 questions for CODI
Also covers: , ARCC, BBDC +24 more
Derek Sommers
Jefferies
3 questions for CODI
Also covers: COOP, GHLD, LDI +4 more
J
Jonathan
TD Cowen
2 questions for CODI
LV
Lance Vitanza
TD Cowen
1 question for CODI
Also covers: CCO, DLX, INSG +6 more
Randolph Binner
B. Riley Financial, Inc.
1 question for CODI
Also covers: ABL, AOMR, ARR +12 more
Recent press releases and 8-K filings for CODI.
Compass Diversified's Subsidiary Altor Solutions Completes Sale-Leaseback Transaction
CODI
- Compass Diversified's (CODI) subsidiary, Altor Solutions, completed a sale-leaseback transaction involving certain real estate assets.
- This transaction generated approximately $11 million in immediately-available cash proceeds.
- Altor Solutions will continue to operate at the facilities through long-term lease arrangements.
- CODI intends to use the proceeds to reduce outstanding debt, aligning with its capital allocation priorities and deleveraging strategy.
Jan 28, 2026, 9:10 PM
Compass Diversified Announces Acquisition of The Honeypot Company
CODI
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Compass Diversified (CODI) has entered into a definitive agreement to acquire The Honeypot Company, a leading feminine care brand, for an enterprise value of $380 million, excluding working capital and certain other adjustments.
- The acquisition is expected to close in February and will be funded entirely with cash on hand.
- The Honeypot Company reported estimated gross sales exceeding $121 million and approximately $29 million in Adjusted EBITDA for the trailing 12 months ended December 23, 2023, demonstrating a gross sales CAGR of approximately 54% since 2020.
- CODI views this as an opportunistic investment, leveraging its lower cost of capital and a recent $75.2 million equity investment from Allspring Global Investments to acquire a company that typically trades at higher multiples in different market conditions.
- The Honeypot Company's management team will roll over significant equity and continue to lead the business, with CODI planning to invest in marketing to expand brand awareness and drive further growth.
Jan 16, 2026, 3:00 PM
CODI to Acquire The Honey Pot Company
CODI
M&A
New Projects/Investments
- CODI announced the acquisition of The Honey Pot Company for an Enterprise Value of $380 million, with $347 million to be funded by CODI.
- The transaction is expected to close in February 2024.
- The Honey Pot Co. reported approximately $121 million in gross sales and $29 million in adjusted EBITDA, demonstrating a 54% gross sales CAGR since 2020.
- The Honey Pot Co. has significantly expanded its retail presence, growing from approximately 1,200 retail doors in 2017 to 33,000 in 2023, and is a leading "better-for-you" feminine care brand in Target and Walmart.
Jan 16, 2026, 3:00 PM
Compass Diversified to Acquire The Honeypot Company
CODI
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- Compass Diversified (Cody) has entered into a definitive agreement to acquire The Honeypot Company, a feminine care brand, for an enterprise value of $380 million, excluding working capital and certain other adjustments. The transaction is expected to close in February and will be funded entirely with cash on hand.
- For the trailing 12 months ended December 23, 2023, The Honeypot Company reported estimated gross sales exceeding $121 million and approximately $29 million of adjusted EBITDA. The company has demonstrated rapid growth with a gross sales CAGR of approximately 54% since 2020.
- This acquisition provides Cody with a presence in the personal care sector, targeting a total addressable market valued at greater than $17 billion. Honeypot's management team, including co-founder and CEO Beatrice Dixon, will continue to lead the company and roll over significant equity.
- Cody anticipates significant growth opportunities, with a belief that Honeypot can achieve triple digits EBITDA under its ownership, supported by Cody's lower cost of capital and a recent $75.2 million equity investment from Allspring Global Investments.
Jan 16, 2026, 3:00 PM
CODI announces acquisition of The Honeypot Company
CODI
M&A
New Projects/Investments
Revenue Acceleration/Inflection
- CODI has entered into a definitive agreement to acquire The Honeypot Company, a leading feminine care brand, for an enterprise value of $380 million, excluding working capital and certain other adjustments.
- The transaction is expected to close in February and will be funded entirely with cash on hand.
- The Honeypot Company's estimated gross sales for the trailing 12 months ended December 23, 2023, exceeded $121 million, with approximately $29 million of adjusted EBITDA.
- This acquisition will bolster CODI's group of innovative, high-free cash flow businesses and establish a presence in the personal care sector of the consumer market.
- The Honeypot Company has achieved a gross sales CAGR of approximately 54% since 2020.
Jan 16, 2026, 3:00 PM
Compass Diversified Reports Q3 2025 Results, Achieves Compliance, and Updates Outlook
CODI
Guidance Update
Financial Restatement
Management Change
- Compass Diversified (CODI) is now current with its SEC filings for 2025 and back in compliance with credit facility and bond indentures. For Q3 2025, net sales were $472.6 million, up 3.5% year-over-year, with a GAAP net loss of $87.2 million.
- Year-to-date consolidated net sales reached $1.4 billion, an 8.6% increase over the prior year, or 6.1% excluding Lugano. Year-to-date subsidiary-adjusted EBITDA, excluding Lugano, was $257 million, up 5.8% over 2024. Lugano Holdings entered Chapter 11 bankruptcy on November 16, 2025, and will be deconsolidated thereafter.
- CODI tightened its expected subsidiary-adjusted EBITDA range (excluding Lugano) for 2025 to between $335 million and $355 million. The company anticipates organically deleveraging in 2026 and expects to generate between $50 million and $100 million of free cash flow after interest, preferred dividends, and CapEx. The year-end 2025 leverage ratio, excluding deconsolidated Lugano, is expected to be around 5.3 times.
- Pat Maciariello retired as COO of Compass Group Management (CGM) at the end of 2025, with Zach Sawtelle stepping into the role. James Bottiglieri also retired from the board. The company's capital allocation priorities are to reduce leverage, invest for growth, and return capital to shareholders, with all businesses considered for sale at attractive valuations to facilitate deleveraging.
Jan 14, 2026, 10:00 PM
Compass Diversified Reports Q3 2025 Results and Updates on Strategic Priorities
CODI
Guidance Update
Financial Restatement
Management Change
- Compass Diversified (CODI) reported Q3 2025 net sales of $472.6 million and a GAAP net loss of $87.2 million. Year-to-date, consolidated net sales reached $1.4 billion, and subsidiary-adjusted EBITDA (excluding Lugano) was $257 million.
- CODI is now current with SEC filings for 2025 and back in compliance with credit facility and bond indentures, following issues related to Lugano Holdings, which entered Chapter 11 bankruptcy on November 16, 2025, and will be deconsolidated. The company expects to recoup $37 million in one-time costs and overpaid cash management fees by the end of 2026.
- The company tightened its 2025 subsidiary-adjusted EBITDA guidance (excluding Lugano) to between $335 million and $355 million. CODI anticipates organically deleveraging in 2026 and expects to generate $50 million to $100 million in free cash flow after all expenses.
- Strategic priorities include reducing leverage, with an expected year-end leverage ratio of approximately 5.3 times, and considering opportunistic sales of businesses, as management states "everything is for sale at all times".
- Organizational changes include the retirement of Pat Maciariello and James Bottiglieri, with Zach Sawtelle promoted to Chief Operating Officer for Compass Group Management.
Jan 14, 2026, 10:00 PM
Compass Diversified Reports Q3 2025 Financial Results and Updates 2025 Outlook
CODI
Earnings
Guidance Update
Delisting/Listing Issues
- Compass Diversified announced its consolidated operating results for the three and nine months ended September 30, 2025, and confirmed it is now fully current with its SEC filings for 2025.
- For the three months ended September 30, 2025, the company reported net sales of $472,562 thousand and a net loss attributable to Holdings of $(74,015) thousand.
- Adjusted EBITDA for the three months ended September 30, 2025, was $30,299 thousand, and for the nine months ended September 30, 2025, it was $122,351 thousand.
- CODI now expects full-year 2025 subsidiary Adjusted EBITDA to be between $335 million and $355 million, excluding Lugano Holding, Inc..
Jan 14, 2026, 9:14 PM
Compass Diversified Reports Q3 2025 Financial Results and Updates 2025 Outlook
CODI
Earnings
Guidance Update
Financial Restatement
- Compass Diversified announced its consolidated operating results for the three and nine months ended September 30, 2025, and has filed its Quarterly Report on Form 10-Q, making it fully current with SEC filings for 2025.
- The company updated its full-year 2025 subsidiary Adjusted EBITDA outlook to be between $335 million and $355 million, excluding Lugano Holding, Inc..
- For the three months ended September 30, 2025, Total Adjusted EBITDA was $30,299 thousand and Net Sales were $472,562 thousand.
Jan 14, 2026, 9:10 PM
Compass Diversified Reports Second Quarter 2025 Financial Results
CODI
Earnings
Guidance Update
Dividends
- Compass Diversified (CODI) reported its second quarter 2025 financial results for the three months ended June 30, 2025, on December 29, 2025, and anticipates filing its Quarterly Report on Form 10-Q for the third quarter of 2025 in the coming weeks.
- For the second quarter of 2025, Net Sales were $478,690 thousand and the Net Loss attributable to Holdings was $(51,217) thousand.
- The company's Adjusted EBITDA for the second quarter of 2025 was $46,525 thousand.
- CODI reiterated its full-year 2025 subsidiary Adjusted EBITDA expectation of $330 million to $360 million, excluding Lugano Holding, Inc..
- Cash distributions declared per Trust common share for the three months ended June 30, 2025, were $0.25.
Dec 29, 2025, 1:11 PM
Quarterly earnings call transcripts for Compass Diversified.
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