Last10K.com

Compass Group Diversified Holdings Llc (1345122) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Compass Group Diversified Holdings Llc

HISTORY TOOLS
CIK: 1345122


Exhibit 99.1
codilogof2a24.jpg

Compass Diversified Holdings
Ryan J. Faulkingham
Chief Financial Officer
203.221.1703
ryan@compassequity.com 
Investor Relations and Media Contact:
The IGB Group
Leon Berman
212.477.8438
lberman@igbir.com
Compass Diversified Holdings Reports Fourth Quarter and
Full Year 2018 Financial Results
Achieves Highest Full Year CAD Since Going Public
Westport, Conn., February 27, 2019
 - Compass Diversified Holdings (NYSE: CODI) (“CODI,” “we,” “our” 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, 2018.

Fourth Quarter 2018 Highlights
•
Generated Cash Provided by Operating Activities of $55.7 million for the fourth quarter of 2018 and $114.5 million for the full year 2018, and Cash Flow Available for Distribution and Reinvestment (“CAD” or “Cash Flow”) of $22.9 million for the fourth quarter of 2018 and $93.7 million for the full year 2018;
•
Reported net loss of $6.5 million for the fourth quarter of 2018 and $1.8 million for the full year 2018;
•
Paid a fourth quarter 2018 cash distribution of $0.36 per share on CODI’s common shares in January 2019, bringing cumulative distributions paid to $17.5152 per common share since CODI’s IPO in May of 2006;
•
Paid a quarterly cash distribution of $0.453125 per share on the Company’s 7.250% Series A Preferred Shares in January 2019;
•
Paid a quarterly cash distribution of $0.4921875 per share on the Company's 7.875% Series B Preferred Shares in January 2019;
•
Subsequent to year end, entered into a definitive agreement to sell CODI’S majority owned subsidiary, FHF Holdings Ltd. (“Manitoba Harvest”), to Tilray Inc. for an aggregate sales price of up to C$419 million.

“We continued to provide shareholders with a sizeable distribution in 2018, backed by our diverse and uncorrelated middle market businesses and our highest CAD since going public,” said Elias Sabo, CEO of Compass Diversified Holdings. “During the year, we also took important steps to build long-term and sustainable value in CODI and its leading subsidiaries.”

Mr. Sabo continued, “We made important investments in our branded consumer businesses to complement growing cash flows in CODI’s industrial businesses and to further drive long-term profitability. We also capitalized on compelling market opportunities, completing a total of six add-on and platform acquisitions


The following information was filed by Compass Group Diversified Holdings Llc on Wednesday, February 27, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Compass Group Diversified Holdings Llc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Compass Group Diversified Holdings Llc.

Continue

Assess how Compass Group Diversified Holdings Llc's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Compass Group Diversified Holdings Llc's Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Financial
Revenue
M & A
Legal
Other
Filter Subcategory:
All
Earnings
Geography
Expense
Income
Cash Flow
Product
Shares
Debt
Other
Inside Compass Group Diversified Holdings Llc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statement Of Stockholders' Equity
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income (Loss)
Condensed Consolidated Statements Of Operations
- Narrative (Details)
Acquisition
Acquisition (Tables)
Acquisition - Additional Information (Detail)
Acquisition - Pro Forma Information (Details)
Acquisition - Schedule Of Assets Acquired And Liabilities Assumed As Of The Acquisition Date (Detail)
Acquisition - Schedule Of Intangible Assets Recorded As Part Of Acquisition (Detail)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Components Of Operating Leases (Details)
Commitments And Contingencies - Lease Term And Discount Rate (Details)
Commitments And Contingencies - Maturity Of Lease Liabilities (Details)
Commitments And Contingencies - Supplemental Cash Flow Information Related To Leases (Details)
Debt
Debt (Tables)
Debt - Additional Information (Detail)
Debt - Issuance Costs (Details)
Debt - Summary Of Debt Holdings (Detail)
Defined Benefit Plan
Defined Benefit Plan (Tables)
Defined Benefit Plan - Additional Information (Detail)
Defined Benefit Plan - Summary Of Net Periodic Benefit Cost (Detail)
Discontinued Operations
Discontinued Operations (Details)
Discontinued Operations (Tables)
Discontinued Operations - Summarized Balance Sheet Information (Details)
Discontinued Operations - Summarized Operating Results (Details)
Discontinued Operations Discontinued Operations (Policies)
Fair Value Measurement
Fair Value Measurement (Tables)
Fair Value Measurement - Additional Information (Detail)
Fair Value Measurement - Assets Measured On Nonrecurring Basis (Details)
Fair Value Measurement - Reconciliations Of Change In Carrying Value Of Level 3 Fair Value Measurements (Detail)
Fair Value Measurement - Summary Of Liabilities Carried At Fair Value Measured On Recurring Basis (Detail)
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)
Income Taxes
Income Taxes (Tables)
Income Taxes - Reconciliation Between Federal Statutory Rate And Effective Income Tax Rate (Detail)
Noncontrolling Interest
Noncontrolling Interest (Tables)
Noncontrolling Interest - Company's Ownership Percentage Of Its Majority Owned Operating Segments And Related Noncontrolling Interest (Detail)
Operating Segment Data
Operating Segment Data (Tables)
Operating Segment Data - Additional Information (Detail)
Operating Segment Data - Summary Of Depreciation, 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)
Presentation And Principles Of Consolidation
Presentation And Principles Of Consolidation (Policies)
Presentation And Principles Of Consolidation - Narrative (Details)
Property, Plant And Equipment And Inventory
Property, Plant And Equipment And Inventory (Tables)
Property, Plant And Equipment And Inventory - Summary Of Inventory (Detail)
Property, Plant And Equipment And Inventory - Summary Of Property, Plant And Equipment (Detail)
Related Party Transactions
Revenue
Revenue (Tables)
Revenue - Disaggregation Of Revenue (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Additional Information (Detail)
Stockholders' Equity - Summary Of Basic And Diluted Earnings Per Share (Detail)
Warranties
Warranties (Tables)
Warranties - Change In Carrying Value Of Company's Warranty Liability (Detail)

Material Contracts, Statements, Certifications & more

Compass Group Diversified Holdings Llc provided additional information to their SEC Filing as exhibits

Exhibit 10.1: Material Contract
Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
CIK: 1345122
Form Type: 10-Q Quarterly Report
Accession Number: 0001345126-19-000020
Submitted to the SEC: Wed May 01 2019 12:06:38 PM EST
Accepted by the SEC: Wed May 01 2019
Period: Sunday, March 31, 2019
Industry: Miscellaneous Products Of Petroleum And Coal

External Resources:

Bookmark the Permalink:
https://last10k.com/sec-filings/1345122/0001345126-19-000020.htm