Compass Diversified (CODI) Misses Q2 EPS by 74c

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Go back to Compass Diversified (CODI) Misses Q2 EPS by 74c

Compass Diversified Reports Second Quarter 2023 Financial Results

August 2, 2023 4:15 PM EDT

WESTPORT, Conn., Aug. 02, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (CODI or the Company), an owner of leading middle market businesses, announced today its consolidated operating results for the three months ended June 30, 2023.

Our second quarter results were once again driven by the strength and diversification of CODIs subsidiary businesses, said Elias Sabo, CEO of Compass Diversified. The easing of inflationary pressures in our niche industrials businesses drove solid Adjusted EBITDA expansion, and in our consumer businesses, despite inventory destocking headwinds continuing to constrain growth, end-market demand across most of... More