Compass Diversified (CODI) Misses Q4 EPS by 113c; offers outlook

Compass Diversified (NYSE: CODI) reported Q4 EPS of ($0.74), $1.13 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $566.99 million versus the consensus estimate of $581.15 million.

OUTLOOK

CODI expects its current subsidiaries, inclusive of The Honey Pot Company as if we owned it from January 1, 2024, to produce consolidated Subsidiary Adjusted EBITDA for the full year 2024 of between $480 million and $520 million. Of this range, CODI expects its Branded Consumer vertical to produce $355 million to $385 million and its Industrial vertical to produce $125 million to $135 million. This estimate is based on the summation of the Company’s expectations for its current subsidiaries in 2024, and is absent additional acquisitions or divestitures, and excludes corporate expenses such as interest expense, management fees paid by CODI and corporate overhead.

CODI is now providing guidance for Adjusted EBITDA including management fees and corporate expenses, and expects to earn between $390 million and $430 million for the full year 2024. Adjusted EBITDA only includes results from The Honey Pot Company from the date of acquisition.

In addition, the Company expects to earn between $145 million and $160 million in Adjusted Earnings for the full year 2024.

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

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