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Compass Group Diversified Holdings Llc (1345122) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

Compass Group Diversified Holdings Llc

CIK: 1345122

Exhibit 99.1

codilogo2020a02a.jpg

Investor Relations:
The IGB Group
Leon Berman
212-477-8438
lberman@igbir.com
 
Media Contact:
Joele Frank, Wilkinson Brimmer Katcher
Jon Keehner/ Kate Thompson/ Lyle Weston
212-355-4449


Compass Diversified Reports Fourth Quarter 2021 Financial Results and
Full Year 2021 Financial Results

Branded Consumer Performance and Rebounding Industrials Drive Record Fourth Quarter and Full Year Operating Results

Accelerates Portfolio Transformation and Strengthens Capital Structure

Permanent Capital Advantage Positioned CODI to Opportunistically Acquire Platform Business and Complete Strategic Add-Ons in 2021

Westport, Conn., February 24, 2022
- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today its consolidated operating results for the three and twelve months ended December 31, 2021.
“Our momentum continued in the fourth quarter as CODI delivered a fourth consecutive quarter of record results and the best year-end results in our history,” said Elias Sabo, CEO of Compass Diversified. “Our consumer business again delivered solid results, driven by continued strong performance at our most recent acquisitions, and our niche industrial business experienced increased demand for their products during the fourth quarter. We continued to deploy capital into our existing subsidiaries in the fourth quarter acquiring Lizard Skins and Plymouth Foam as strategic add-ons to Marucci Sports and Altor Solutions, respectively, demonstrating our sustainable investing philosophy and continued commitment to deploying capital to enhance value at a subsidiary level.”
Mr. Sabo continued, “Looking ahead, we enter 2022 with a strong balance sheet, substantial liquidity and remain confident in our ability to generate long term shareholder value in the years ahead through the continued deployment of capital into accretive platform and add-on acquisitions and subsidiary growth opportunities.”
Fourth Quarter and Full Year 2021 Highlights
Reported net sales of $536.6 million for the fourth quarter 2021 and $1.842 billion for the full year 2021;
Reported a net income of $25.9 million for the fourth quarter 2021 and net income of $126.8 million for the full year 2021;


The following information was filed by Compass Group Diversified Holdings Llc on Thursday, February 24, 2022 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Cover Page
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders' Equity
Acquisition Of Businesses
Acquisition Of Businesses - Additional Information (Detail)
Acquisition Of Businesses Acquisition - Pro Forma Information (Details)
Acquisition Of Businesses Acquisition - Schedule Of Assets Acquired And Liabilities Assumed As Of The Acquisition Date (Details)
Acquisition Of Businesses Acquisition - Schedule Of Intangible Assets Recorded As Part Of Acquisition (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Detail)
Commitments And Contingencies - Summary Of Future Minimum Rental Commitments Under Operating Leases (Detail)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Issuance Costs (Details)
Debt - Summary Of Actual Financial Ratios As Part Of Affirmative Covenants Credit Facility (Detail)
Debt - Summary Of Components Of Interest Expense (Detail)
Debt - Summary Of Debt Holdings (Detail)
Defined Benefit Plan
Defined Benefit Plan (Tables)
Defined Benefit Plan - Additional Information (Detail)
Defined Benefit Plan - Summary Of Allocation Of Assets In Swiss Life's Group Life Portfolio (Detail)
Defined Benefit Plan - Summary Of Assumptions Used To Determine The Benefit Obligations And Components Of The Net Periodic Benefit Cost (Detail)
Defined Benefit Plan - Summary Of Expected Foreign Plan Benefit Payments (Detail)
Defined Benefit Plan - Summary Of Foreign Plan's Status And Recognized Amounts (Detail)
Defined Benefit Plan - Summary Of Net Periodic Benefit Cost (Detail)
Derivative Instruments And Hedging Activities - Additional Information (Detail)
Discontinued Operations
Discontinued Operations (Tables)
Discontinued Operations - Additional Information (Detail)
Discontinued Operations - Summarized Balance Sheet Information (Details)
Discontinued Operations - Summary Of Disposition Of Operating Results (Detail)
Equity Method Investment - Additional Information (Detail)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Additional Information (Detail)
Fair Value Measurement - Reconciliations Of Change In Carrying Value Of Level 3 Supplemental Put Liability (Detail)
Fair Value Measurement - Summary Of Assets And Liabilities Carried At Fair Value Measured On Non-Recurring Basis (Detail)
Fair Value Measurement - Summary Of Assets And Liabilities Carried At Fair Value Measured On Recurring Basis (Detail)
Goodwill And Other Intangible Asset - Carrying Amount Of Goodwill (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets - Additional Information (Detail)
Goodwill And Other Intangible Assets - Summary Of Estimated Charges To Amortization Expense Of Intangible Assets (Detail)
Goodwill And Other Intangible Assets - Summary Of Other Intangible Assets (Detail)
Goodwill And Other Intangible Assets - Summary Of Reconciliation Of Change In Carrying Value Of Goodwill (Detail)
Goodwill And Other Intangible Assets Goodwill And Other Intangible Asset - Carrying Amount Of Goodwill Reconciliation By Segment (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Detail)
Income Taxes - Components Of The Company's Income Tax Provision (Benefit) (Detail)
Income Taxes - Components Of The Company's Pretax Income (Loss) Before Taxes (Details)
Income Taxes - Reconciliation Between Federal Statutory Rate And Effective Income Tax Rate (Detail)
Income Taxes - Reconciliation Of Unrecognized Tax Benefits (Detail)
Income Taxes - Summary Of Deferred Tax Assets And Deferred Tax Liabilities (Detail)
Inventory, Property, Plant And Equipment
Inventory, Property, Plant And Equipment (Tables)
Inventory, Property, Plant And Equipment - Additional Information (Detail)
Inventory, Property, Plant And Equipment - Summary Of Inventory (Detail)
Inventory, Property, Plant And Equipment- Summary Of Property, Plant And Equipment (Detail)
Noncontrolling Interest
Noncontrolling Interest (Tables)
Noncontrolling Interest - Company's Ownership Percentage Of Its Majority Owned Operating Segments And Related Noncontrolling Interest (Detail)
Noncontrolling Interest - Summary Of Each Purchase Of Noncontrolling Interest (Detail)
Operating Segment Data
Operating Segment Data (Tables)
Operating Segment Data - Additional Information (Detail)
Operating Segment Data - Revenues From Geographic Location Outside Domestic Country (Detail)
Operating Segment Data - Summary Of Accounts Receivable Of Operating Segment (Detail)
Operating Segment Data - Summary Of Goodwill And Identifiable Assets Of Operating Segments (Detail)
Operating Segment Data - Summary Of Net Sales Of Operating Segments (Detail)
Operating Segment Data - Summary Of Profit (Loss) Of Operating Segments (Detail)
Operating Segment Data Operating Segment Data - Accounts Receivable And Identifiable Assets (Details)
Operating Segment Data Summary Of Depreciation And Amortization Expense (Details)
Organization And Business Operations
Related Party Transactions
Related Party Transactions (Tables)
Related Party Transactions - Additional Information (Detail)
Related Party Transactions - Schedule Of Incurred Management Fees (Detail)
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Schedule Ii - Valuation And Qualifying Accounts (Detail)
Stockholder's Equity
Stockholder's Equity - Additional Information (Detail)
Stockholder's Equity Stockholder's Equity (Tables)
Stockholder's Equity Stockholders' Equity - Summary Of Basic And Diluted Earnings Per Share (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Additional Information (Detail)
Summary Of Significant Accounting Policies - Summary Of Ranges Of Useful Lives (Detail)
Supplemental Data
Supplemental Data (Tables)
Supplemental Data - Statement Of Operations (Details)
Supplemental Data - Summary Of Supplemental Balance Sheet Data (Detail)
Supplemental Data - Summary Of Supplemental Cash Flow Data (Detail)
Unaudited Quarterly Financial Data
Unaudited Quarterly Financial Data (Tables)
Unaudited Quarterly Financial Data - Summary Of Unaudited Quarterly Financial Data (Detail)
Valuation And Qualifying Accounts
CIK: 1345122
Form Type: 10-K Annual Report
Accession Number: 0001345126-22-000014
Submitted to the SEC: Thu Feb 24 2022 4:18:48 PM EST
Accepted by the SEC: Thu Feb 24 2022
Period: Friday, December 31, 2021
Industry: Miscellaneous Products Of Petroleum And Coal

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