NYSE$CODI

Compass Diversified · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record second quarter operating results driven by branded consumer performance and raised full year guidance.

Compass Diversified reported a net sales of $487.4 million and a net loss of $11.3 million for the quarter ended June 30, 2021. The company's performance was driven by its branded consumer businesses and the acquisitions of BOA and Marucci. They also raised the full year guidance.

  • Reported net sales of $487.4 million.
  • Reported net loss of $11.3 million.
  • Reported non-GAAP Adjusted EBITDA of $94.2 million.
  • Entered into a definitive agreement to sell Liberty Safe for $147.5 million.

Headline financials

Total Revenue

$487M

Previous: $334M+46.1%
EPS (adj)

$0.13

Previous: -$0.30+143.3%
Adjusted EBITDA

$94.2M

Previous: $49.5M+90.3%
Capital Expenditures

-$17.8M

Previous: -$12.2M-46.7%
Free Cash Flow

-$32.5M

Previous: -$20.6M-57.6%
Net Income

-$14.6M

Previous: -$8.44M-73.4%
Operating Income

$48.6M

Previous: $13.5M+261.1%
Gross Profit

$193M

Previous: $117M+64.2%
Cash & Equivalents

$110M

Previous: $205M-46.3%
Total Assets

$2.66B

Previous: $2.14B+24.3%

Revenue & EPS history

Compass Diversified · Revenue · Quarterly

$487M

Q2 2021+46.1%vs Q2 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The Company expects its current subsidiaries to produce consolidated Adjusted EBITDA for the full calendar year of 2021 of between $350 million and $370 million. Excluding Liberty Safe, CODI expects to produce consolidated subsidiary Adjusted EBITDA for the full calendar year of 2021 of between $325 million and $345 million. CODI’s Payout Ratio is anticipated to be between 65% and 55%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-0.7%

Avg return

Earnings day

-1.4%

Avg return

5 days after

+0.5%

Avg return

30 days after

42%

27 / 64 earnings

Positive

+8.8%

Q4 2024

Best reaction

-12.7%

Q1 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%+4.9%-8.6%
Q4 2025-10.4%-15.1%-20.1%
Q3 2025-0.4%-2.8%+18.6%
Q1 2025-3.6%-0.4%+12.3%
Q4 2024+8.8%+0.9%-6.5%
Q3 2024+4.1%+0.9%+13.7%
Q2 2024-9.9%-15.1%-7.1%
Q1 2024-2.9%+0.5%+3.6%
Q4 2023+1.4%+2.2%+6.1%
Q3 2023+8.6%+7.9%+19.8%
Q2 2023-0.1%-1.2%-5.9%
Q1 2023+2.9%+3.3%+11.7%
Q4 2022-5.2%-7.9%-12.4%
Q3 2022-8.1%-9.3%-9.8%
Q2 2022+0.9%-2.6%-15.4%
Q1 2022+8.4%-0.9%+8.8%
Q4 2021+2.6%-1.1%+3.1%
Q3 2021+1.6%+1.1%+2.6%
Q2 2021+0.0%+1.0%+18.8%
Q1 2021+0.9%+3.6%+2.9%
Q4 2020+4.0%-0.8%+2.4%
Q3 2020+0.2%-0.3%+11.0%
Q2 2020-0.9%+1.4%+8.3%
Q1 2020-12.7%-20.5%-18.4%
Q4 2019-6.1%-5.0%-30.7%
Q3 2019+2.0%+10.0%+17.0%
Q2 2019-4.3%-8.0%-6.3%
Q1 2019-0.7%+3.0%-6.0%
Q4 2018-1.2%+0.9%-1.5%
Q3 2018-5.6%-3.6%-3.7%
Q2 2018+1.1%+1.1%+2.3%
Q1 2018-0.6%+1.9%+7.4%
Q4 2017+0.3%+0.0%-0.6%
Q3 2017-0.9%-2.1%-0.9%
Q2 2017+0.9%+0.9%-1.7%
Q1 2017-1.5%-2.7%-3.0%
Q4 2016-2.7%-2.7%-0.3%
Q3 2016-3.5%-3.0%+2.7%
Q2 2016+4.0%+3.1%+3.4%
Q1 2016-1.1%
Q4 2015+1.6%
Q3 2015+0.0%
Q2 2015+0.5%
Q1 2015-1.7%
Q4 2014+1.3%
Q3 2014-0.8%
Q2 2014-1.1%
Q1 2014-5.1%
Q4 2013-2.5%
Q3 2013-1.3%
Q2 2013+0.7%
Q1 2013+3.2%
Q4 2012+0.3%
Q3 2012-3.7%
Q2 2012+1.1%
Q1 2012-5.1%
Q4 2011+2.1%
Q3 2011-4.2%
Q2 2011-9.8%
Q1 2011+5.1%
Q4 2010-1.2%
Q3 2010-3.4%
Q2 2010-0.1%
Q1 2010+6.6%

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