Compass Diversified Holdings
For the period ended Sep 30, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 30, 2024
CODI$11.93+0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2024 | 2023 |
| Net revenues | $582,623 | $521,065 | $1,649,508 | $1,491,887 |
| Cost of revenues | 308,045 | 295,754 | 873,989 | 844,871 |
| Gross profit | 274,578 | 225,311 | 775,519 | 647,016 |
| Operating expenses: | ||||
| Selling, general and administrative expense | 158,754 | 132,944 | 460,914 | 396,963 |
| Management fees | 18,758 | 18,471 | 55,689 | 51,536 |
| Amortization expense | 26,798 | 23,955 | 80,547 | 71,906 |
| Impairment expense | — | 32,568 | 8,182 | 32,568 |
| Operating income | 70,268 | 17,373 | 170,187 | 94,043 |
| Other income (expense): | ||||
| Interest expense, net | (27,358) | (27,560) | (77,494) | (80,353) |
| Amortization of debt issuance costs | (1,005) | (1,005) | (3,014) | (3,034) |
| Gain (loss) on sale of Crosman (refer to Note C) | 388 | — | (24,218) | — |
| Other income (expense), net | (78) | 1,045 | (4,327) | 2,100 |
| Income (loss) from continuing operations before income taxes | 42,215 | (10,147) | 61,134 | 12,756 |
| Provision for income taxes | 10,754 | 3,837 | 40,960 | 15,077 |
| Income (loss) from continuing operations | 31,461 | (13,984) | 20,174 | (2,321) |
| Income from discontinued operations, net of income taxes | — | 8,950 | — | 21,790 |
| Gain on sale of discontinued operations, net of income taxes | — | 1,274 | 3,345 | 103,495 |
| Net income (loss) | 31,461 | (3,760) | 23,519 | 122,964 |
| Less: Net income from continuing operations attributable to noncontrolling interest | 9,397 | 5,721 | 22,632 | 13,390 |
| Less: Net income from discontinued operations attributable to noncontrolling interest | — | 673 | — | 725 |
| Net income (loss) attributable to Holdings | $22,064 | $(10,154) | $887 | $108,849 |
| Amounts attributable to Holdings | ||||
| Income (loss) from continuing operations | $22,064 | $(19,705) | $(2,458) | $(15,711) |
| Income from discontinued operations, net of income tax | — | 8,277 | — | 21,065 |
| Gain on sale of discontinued operations, net of income tax | — | 1,274 | 3,345 | 103,495 |
| Net income (loss) attributable to Holdings | $22,064 | $(10,154) | $887 | $108,849 |
| Basic income (loss) per common share attributable to Holdings (refer to Note J) | ||||
| Continuing operations | $0.08 | $(0.45) | $(1.18) | $(1.00) |
| Discontinued operations | — | 0.12 | 0.04 | 1.69 |
| Basic income (loss) per common share attributable to Holdings (refer to Note J) | $0.08 | $(0.33) | $(1.14) | $0.69 |
| Basic weighted average number of shares of common shares outstanding | 75,645 | 71,881 | 75,437 | 71,996 |
| Cash distributions declared per Trust common share (refer to Note J) | $0.25 | $0.25 | $0.75 | $0.75 |
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