B.Riley Downgrades Fox Factory Holding (FOXF) to Neutral, 'Bikes suffer another worse-than-feared quarter'

Compass Diversified Reports Third Quarter 2023 Financial Results

Raises Full-Year Outlook Given Strong Third Quarter Performance

WESTPORT, Conn., Nov. 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 September 30, 2023.

Our third quarter results were remarkably strong, driven by Luganos continued outperformance and the majority of our companies performing above expectations, said Elias Sabo, CEO of Compass Diversified. The consistent resilience of our results against a challenging economic backdrop reflects not only the diversification of our... More

Fox Factory Holding Corp. Reports Third Quarter Fiscal 2023 Financial Results and Announces Agreement to Acquire Marucci Sports

Marucci Sports, LLC transaction combines two leading brands that are disrupting their respective industries through innovation and technologyFull year 2023 sales guidance adjusted to $1.43 - $1.47 billion primarily due to impact from the United Auto Workers strike and continued inventory destocking in SSG marketsCompany reaffirms 2025 vision of $2 billion sales and 25.0% adjusted EBITDA marginCompany announces share repurchase plan for up to $300 million of common... More

Compass Diversified Announces Sale of Marucci Sports for $572 Million

WESTPORT, Conn., Nov. 02, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (CODI or the Company), an owner of leading middle market businesses, announced today it has entered into a definitive agreement (the Agreement) to sell its majority owned subsidiary, Wheelhouse Holdings, Inc., the parent company of Marucci Sports, LLC (Marucci), to Fox Factory Holding Corp. (NASDAQ: FOXF) (FOX), a designer and manufacturer of performance-defining ride dynamics products primarily for a wide range of bicycles, on-road and off-road vehicles.

Under the terms of the Agreement, Marucci... More