All Compass Diversified articles
-
News briefsCoDi promotes members of the investment team
Compass Diversified (CoDi), the Connecticut-based owner of PrimaLoft, Boa Technology, 5.11 and Velocity Outdoor, has promoted Raj Dalal from principal to partner and promoted two other members of its investment team. Dalal will lead the team in the firm’s office on the West Coast, where he will be responsible for ...
-
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 ...
-
News briefsCompass Diversified acquires PrimaLoft
Compass Diversified (CoDi), the Connecticut-based owner of several brands, including Boa Technology, 5.11, Marucci Sports and Velocity Outdoor, announced that it has entered into a definitive agreement to acquire the equity of PrimaLoft Technologies Holdings, Inc, the parent company of the PrimaLoft business and brand, at an enterprise value of ...
-
News briefsCoDi’s consumer business driven by Boa
Compass Diversified’s (CoDi) branded consumer business was led by Boa Technology in the first quarter ended March 31 as the closure system brand generated a 75 percent increase in adjusted Ebitda to $24.9 million from revenue growth of nearly 56 percent to $56.8 million as compared to $36.5 million. Elsewhere ...
-
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 ...
-
ArticleCompass Diversified foresees slower growth in 2022, postpones 5.11 IPO
Compass Diversified (CoDi), citing supply chain and inflationary issues and lower year-over-year demand for products within its Velocity Outdoor rifle, crossbow and ammunition business, is forecasting a temporary slowdown in its 2022 growth rate that will likely be lower than its long-term growth rate target. Also, the Connecticut-based company, whose ...
-
News briefsCODI’s sports brands with strong Q3, Boa leading the pack
All four of Compass Diversified’s (CODI) outdoor and sports brands – 5.11, Boa Technology, Marucci Sports and Velocity Outdoor – posted positive sales results and improved Ebitda in the third quarter, with Boa, maker of the dial-based Boa Fit System system for footwear and other applications, showing the highest sales ...
-
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 ...
-
ArticleCODI’s sales surge by 38%, led by Boa
The recent acquisition of Marucci Sports and Boa Technology drove Compass Diversified’s (CODI) gains, with revenues for the first quarter surging by 38.4 percent from the year-ago quarter to $461.6 million. In addition, net income reached $22.0 million, up from $4.9 million last year. Excluding Marucci and Boa, organic revenues ...
-
Article
Outdoor companies’ stocks up by 18.9% in Q1
The average stock market value of 31 selected public companies in the outdoor sector saw a sequential improvement of 18.9 percent between the fourth quarter of 2020 and the first quarter of 2021, buoyed by the strong performance of stock markets across the globe, fueled by recovery hopes. This reflects ...
-
ArticleBoa helps drive strong Q4 at CODI
U.S. investment and holding company Compass Diversified (CODI) reported better-than-expected fourth-quarter net income, boosted by its acquisitions of Marucci and Boa Technology. The company said net income for the three months to Dec. 31 rose to $8.8 million from $5.4m a year earlier. Sales in the period increased to $475m, ...
