NYSE$CODI

Compass Diversified · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported record fourth quarter and full year operating results, driven by branded consumer performance and rebounding industrials. Accelerated portfolio transformation and strengthened capital structure, positioned CODI to opportunistically acquire platform business and complete strategic add-ons in 2021.

Compass Diversified reported a strong Q4 2021, continuing its momentum with record results. The consumer business performed well, boosted by recent acquisitions, while the niche industrial business saw increased product demand. The company deployed capital into existing subsidiaries, acquiring Lizard Skins and Plymouth Foam. Looking ahead to 2022, CODI has a strong balance sheet and liquidity.

  • Net sales for Q4 2021 were $536.6 million, and $1.842 billion for the full year 2021.
  • Net income for Q4 2021 was $25.9 million, and $126.8 million for the full year 2021.
  • Adjusted Earnings were $32.5 million for Q4 2021, and $117.7 million for the full year 2021.
  • Adjusted EBITDA was $88.9 million for Q4 2021, and $327.3 million for the full year 2021.

Headline financials

Total Revenue

$537M

Previous: $475M+13.0%
EPS (adj)

$0.49

Previous: $0.55-10.9%
Capital Expenditures

$11.9M

Previous: $10.7M+11.0%
Free Cash Flow

-$25M

Previous: $25.1M-199.7%
Net Income

$25.9M

Previous: $8.8M+194.3%
Operating Income

$14.4M

Previous: $32M-55.0%
Gross Profit

$172M

Previous: $172M-0.1%
Cash & Equivalents

$157M

Previous: $70.7M+122.2%
Total Assets

$3.14B

Previous: $2.6B+21.0%

Revenue & EPS history

Compass Diversified · Revenue · Quarterly

$537M

Q4 2021+13%vs Q4 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Forward guidance

The Company expects to produce consolidated Adjusted EBITDA in 2022 of between $400 million and $420 million. In addition, the Company expects to produce Adjusted Earnings in 2022 of between $110 million and $125 million.

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 Q4 2021

Historical avgQ4 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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