Compass Diversified Holdings (NYSE: CODI) reported Q2 EPS of $0.11, which may not compare to the analyst estimate of $0.31. Revenue for the quarter came in at $269.1 million versus the consensus estimate of $252.83 million.

"During the second quarter, we continued to generate predictable and strong free cash flow across both our niche industrial businesses and our branded consumer businesses," stated Alan Offenberg, CEO of Compass Diversified Holdings. "In particular, Ergobaby and CamelBak each reported double-digit revenue and operating income growth in the second quarter. Additionally, American Furniture maintained its positive sales momentum, having now posted double-digit revenue growth in each of the past four quarters."

Mr. Offenberg added, "As we leveraged the leadership position and comparative financial strength of our subsidiaries to increase their relative market share, we further enhanced our financing flexibility. Specifically, we secured $725 million in new debt financing in the quarter, expanding our overall debt capacity under favorable terms and pricing. We also partially divested our interest in FOX last month through a public share offering that generated net proceeds for CODI of approximately $65.5 million. Importantly, we have maintained the potential for additional upside due to our continuing ownership in FOX. Going forward, we remain focused on utilizing our substantial liquidity to reinvest in our current subsidiaries and enhance their future performance while aggressively pursuing select platform and add-on acquisition opportunities that are accretive to Cash Flow."

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