Compass Diversified Q1 sales fall 5.9%, miss estimates
Compass Diversified Holdings CODI | 0.00 |
Overview
U.S. middle-market business owner’s Q1 sales fell 5.9% yr/yr, missing analyst expectations
Q1 adjusted EBITDA missed analyst expectations
Company completed sale of Sterno’s food service unit, using proceeds to reduce debt
Outlook
Company sees 2026 subsidiary adjusted EBITDA between $320 mln and $365 mln
Branded Consumer 2026 adjusted EBITDA expected between $225 mln and $260 mln
Industrial 2026 adjusted EBITDA expected between $95 mln and $105 mln
Result Drivers
INDUSTRIAL WEAKNESS - Co reported Industrial segment revenue fell 3.3% yr/yr
BRANDED CONSUMER GROWTH - Co said Branded Consumer segment revenue rose 2.3% yr/yr, helping support overall results
STERNO DIVESTITURE - Co completed sale of Sterno’s food service business, using proceeds to reduce debt
Company press release: ID:nGNX9Wnw2F
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Sales |
Miss |
$426.86 mln |
$437.75 mln (4 Analysts) |
Q1 Net Loss |
|
$30.67 mln |
|
Q1 Adjusted EBITDA |
Miss |
$56.52 mln |
$69.91 mln (4 Analysts) |
Q1 Operating Loss |
Miss |
$1.93 mln |
$26 mln (3 Analysts) |
Q1 Gross Profit |
|
$189.36 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment holding companies peer group is "buy"
Wall Street's median 12-month price target for Compass Diversified Holdings is $15.00, about 29% above its May 5 closing price of $11.63
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