Compass Diversified Holdings
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
CODI$11.86+4.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2024 | 2023 | 2022 |
| Net revenues | $2,198,233 | $1,965,017 | $1,920,695 |
| Cost of revenues | 1,197,873 | 1,132,014 | 1,192,073 |
| Gross profit | 1,000,360 | 833,003 | 728,622 |
| Operating expenses: | |||
| Selling, general and administrative expense | 587,520 | 502,013 | 441,629 |
| Management fees | 74,767 | 67,945 | 62,104 |
| Amortization expense | 99,760 | 88,396 | 77,237 |
| Impairment expense | 8,182 | 89,400 | — |
| Operating income | 230,131 | 85,249 | 147,652 |
| Other income (expense): | |||
| Interest expense, net | (106,683) | (105,179) | (83,482) |
| Amortization of debt issuance costs | (4,018) | (4,038) | (3,740) |
| Loss on sale of Crosman | (24,218) | — | — |
| Loss on debt extinguishment | — | — | (534) |
| Other income (expense), net | (3,902) | 1,779 | (2,315) |
| Income (loss) from continuing operations before income taxes | 91,310 | (22,189) | 57,581 |
| Provision for income taxes | 49,012 | 22,639 | 41,367 |
| Income (loss) from continuing operations | 42,298 | (44,828) | 16,214 |
| Income (loss) from discontinued operations, net of income tax | (6,905) | 24,208 | 25,831 |
| Gain on sale of discontinued operations, net of income tax | 11,957 | 283,025 | 9,393 |
| Net income | 47,350 | 262,405 | 51,438 |
| Less: Net income from continuing operations attributable to noncontrolling interest | 37,426 | 16,423 | 13,793 |
| Less: Net income (loss) from discontinued operations attributable to noncontrolling interest | (2,884) | (304) | 1,258 |
| Net income attributable to Holdings | $12,808 | $246,286 | $36,387 |
| Amounts attributable to common shares of Holdings: | |||
| Income (loss) from continuing operations | $4,872 | $(61,251) | $2,421 |
| Income (loss) from discontinued operations, net of income tax | (4,021) | 24,512 | 24,573 |
| Gain on sale of discontinued operations, net of income tax | 11,957 | 283,025 | 9,393 |
| Net income attributable to Holdings | $12,808 | $246,286 | $36,387 |
| Basic and fully diluted income (loss) per share attributable to Holdings (refer to Note J) | |||
| Continuing operations | $(1.25) | $(1.81) | $(0.53) |
| Discontinued operations | 0.11 | 4.27 | 0.43 |
| $(1.14) | $2.46 | $(0.10) | |
| Weighted average number of shares outstanding - basic and fully diluted | 75,454 | 72,105 | 70,715 |
| Cash distribution declared per share (refer to Note J) | $1.00 | $1.00 | $1.00 |
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