Compass Diversified (CODI) Posts Q4 Loss of $0.14/Share
Compass Diversified (NYSE: CODI) reported Q4 EPS of ($0.14), which may not compare to the analyst estimate of $0.47. Revenue for the quarter came in at $318.56 million versus the consensus estimate of $315.31 million.
Fourth Quarter 2016 Highlights
- Generated Cash Provided by Operating Activities of $50.8 million for the fourth quarter of 2016 and $111.4 million for the full year 2016, and Cash Flow Available for Distribution and Reinvestment ("CAD" or "Cash Flow") of $24.6 million for the fourth quarter of 2016 and $76.4 million for the full year 2016;
- Reported net income of $2.0 million for the fourth quarter of 2016 and $56.5 million for the full year 2016;
- Paid a fourth quarter 2016 cash distribution of $0.36 per share in January 2017, bringing cumulative distributions paid to $14.6352 per share since CODI\'s IPO in May of 2006;
- Sold a total of 3,500,000 shares of Fox Factory Holding Corp. ("FOX") common stock, with total net proceeds of $71.8 million while retaining approximately 14% ownership of FOX;
- Completed a 5,600,000 share offering in December 2016; and
- Subsequent to year end, appointed Sally McCoy to the Company's Board of Directors.
For earnings history and earnings-related data on Compass Diversified (CODI) click here.
