Compass Diversified (CODI) Misses Q2 EPS by 74c

Compass Diversified (NYSE: CODI) reported Q2 EPS of ($0.35), $0.74 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $524.2 million versus the consensus estimate of $557.07 million.

2023 Outlook:

CODI expects its current subsidiaries to produce consolidated subsidiary Adjusted EBITDA (see “Note Regarding Use of Non-GAAP Financial Measures” below) for the full year 2023 of between $430 million and $460 million. This estimate is based on the summation of the Company’s expectations for its current subsidiaries in 2023 and is absent additional acquisitions or divestitures, and excludes corporate expenses such as interest expense, management fees paid by CODI and corporate overhead. For the full year 2023, CODI expects to earn between $110 million and $135 million in Adjusted Earnings (see “Note Regarding Use of Non-GAAP Financial Measures” below) for the full year 2023.

For earnings history and earnings-related data on Compass Diversified (CODI) click here.

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