All 5.11 articles
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ArticleMixed results for CoDi’s outdoor business in Q4
Compass Diversified’s outdoor brands saw mixed Q4 results, with Boa and PrimaLoft growing while 5.11 and Velocity Outdoor struggled.
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News briefs5.11's CFO retires, successor named
The Purpose-Built Gear brand appointed Bryan Jones as Chief Financial Officer, while long-time CFO Jim McGinty announced plans for retirement after nearly a decade in the role.
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ArticleCoDi believes inventory will become tailwind in 2024
After a difficult 2023, where inventory destocking negatively impacted results at its four outdoor-related businesses, Compass Diversified (CoDi) is banking on a “much higher level of growth” for many of its consumer businesses this year. Additionally, the group, which has eyes on more companies and brands in its portfolio, says ...
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ArticleCoDi maintains guidance despite ongoing inventory headwinds
Net income from continuing operations in Compass Diversfied’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 68 percent to $6.94 million from $21.4 million for the period ended June 30. Total revenues from the five companies fell ...
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ArticleCoDi lifts FY outlook, but cautious on Q2
Compass Diversified (CoDi) anticipates a “significant snapback” in revenue growth and profitability within key businesses once a current industry inventory destocking cycle ends. The group’s current Q2 forecast is both cautious and conservative despite its decision to lift its FY23 adjusted earnings range to $110 to $135 million and consolidated ...
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News briefsCompass Diversified announces changes to the board of directors
Compass Diversified Holdings (CoDi), the owner of Boa, PrimaLoft, Velocity Outdoor and 5.11, announced that its board of directors has nominated a new candidate for election at CoDi’s 2023 annual meeting of stockholders, which will be held May 25. Nancy B. Mahon will join the seven current directors up for ...
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ArticleCompass Diversified branded results impacted by PrimaLoft
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) declined by 81 percent to $2.79 million from $14.73 million in Q4, negatively impacted by operating losses at both PrimaLoft and Velocity Outdoor. ...
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ArticleCompass Diversified with record quarter
Net income from continuing operations in Compass Diversified’s (CoDi) branded consumer companies related to sports, outdoor and apparel (5.11 Tactical, Boa, Marucci Sports, PrimaLoft, and Velocity Outdoor) fell 25 percent to $15.3 million from $20.3 million for the period ended Sept. 30. Total sales from the five companies rose 16 ...
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ArticleCompass Diversified lifts guidance after Q2 sales surge by 19%
Compass Diversified (CoDi) lifted its outlook for the full year after a 19 percent rise in second-quarter net sales growth driven by Boa Technology and Lugano Diamonds. Net sales rose to $515.6 million from $431 million a year earlier. Net income increased to $31 million compared to a net loss ...
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ArticleOutdoor and bike industry stocks fall nearly 18% in Q1
Our quarterly analysis of the outdoor stock market shows a 17.84 percent sequential decline in the average stock prices of 31 public companies primarily involved in the outdoor and bicycle sectors between Jan. 1 and March 31. Broader market conditions weighed on the sector, which had posted stock price increases ...
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News briefs5.11 files for stock market listing
5.11 ABR Corp., the U.S. company previously called 5.11 Tactical, has filed an S-1 with the U.S. Securities and Exchange Commission to publicly offer its shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The company intends to ...
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ArticleCoDi sees “explosive” growth at Boa Technology
Compass Diversified (CoDi) highlighted the “explosive” growth of the recently acquired Boa Technology in its second quarter ended June 30, cautioning that the brand’s expansion is likely to slow in the second half of the year. Boa, which owns the Boa Fit System for shoe fastening, was acquired by CoDi ...
