Compass Diversified Holdings

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

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FY2023 · Filed Feb 28, 2024

CODI$11.86+4.9%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

	Year ended December 31,
(in thousands, except per share data)	2023	2022	2021
Net revenues	$2,058,876	$2,009,130	$1,723,502
Cost of revenues	1,165,553	1,226,078	1,061,922
Gross profit	893,323	783,052	661,580
Operating expenses:
Selling, general and administrative expense	549,589	484,369	418,378
Management fees	68,445	62,604	46,443
Amortization expense	95,820	84,689	73,675
Impairment expense	89,400	20,552	—
Operating income	90,069	130,838	123,084
Other income (expense):
Interest expense, net	(105,179)	(83,492)	(58,834)
Amortization of debt issuance costs	(4,038)	(3,740)	(2,979)
Loss on debt extinguishment	—	(534)	(33,305)
Other income (expense), net	1,743	(2,321)	(1,303)
Income (loss) from continuing operations before income taxes	(17,405)	40,751	26,663
Provision for income taxes	21,331	37,093	15,267
Income (loss) from continuing operations	(38,736)	3,658	11,396
Income from discontinued operations, net of income tax	18,116	38,387	42,643
Gain on sale of discontinued operations, net of income tax	283,025	9,393	72,770
Net income	262,405	51,438	126,809
Less: Net income from continuing operations attributable to noncontrolling interest	15,945	10,367	6,938
Less: Net income from discontinued operations attributable to noncontrolling interest	174	4,684	5,319
Net income attributable to Holdings	$246,286	$36,387	$114,552
Amounts attributable to common shares of Holdings:
Income (loss) from continuing operations	$(54,681)	$(6,709)	$4,458
Income from discontinued operations, net of income tax	17,942	33,703	37,324
Gain on sale of discontinued operations, net of income tax	283,025	9,393	72,770
Net income attributable to Holdings	$246,286	$36,387	$114,552
Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note K)
Continuing operations	$(1.71)	$(0.66)	$(0.95)
Discontinued operations	4.17	0.56	1.68
	$2.46	$(0.10)	$0.73
Weighted average number of shares outstanding - basic and fully diluted	72,105	70,715	65,362
Cash distribution declared per share (refer to Note K)	$1.00	$1.00	$2.21

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