Compass Group Diversified Holdings Llc (1345122) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Compass Group Diversified Holdings Llc

CIK: 1345122

Exhibit 99.1


Compass Diversified Holdings
Ryan J. Faulkingham
Chief Financial Officer
Investor Relations and Media Contact:
The IGB Group
Leon Berman
Compass Diversified Holdings Reports First Quarter 2019 Financial Results

Reports Growth of Consolidated Revenues, Net Income and Adjusted EBITDA; Provides Shareholders with Stable and Sizable Distributions

Realizes Benefits from Investments in Branded Consumer Subsidiaries
Westport, Conn., May 1, 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 months ended March 31, 2019.

First Quarter 2019 Highlights
Reported net sales of $402.5 million;
Reported net income of $110.2 million;
Reported non- GAAP Adjusted EBITDA of $56.7 million;
Reported Cash Used in Operating Activities of $8.9 million, and Generated Cash Flow Available for Distribution and Reinvestment (“CAD”) of $17.6 million for the first quarter of 2019;
Completed the sale of our Manitoba Harvest subsidiary for a $121.7 million gain;
Paid a first quarter 2019 cash distribution of $0.36 per share on CODI’s common shares in April 2019, bringing cumulative distributions paid to $17.8752 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 and $0.4921875 per share on the Company's 7.875% Series B Preferred Shares in April 2019;
Subsequent to the end of the quarter, promoted Pat Maciariello to newly created position of Chief Operating Officer.

“Our operating results in the first quarter exceeded our expectations, as we reported solid consolidated revenues, net income and adjusted EBITDA growth across our group of leading, niche middle market business,” said Elias Sabo, CEO of Compass Diversified Holdings. “During the first quarter, we also realized tangible benefits from previous investments in the management, sales and marketing functions at several of our branded consumer businesses, highlighted by the sale of Manitoba Harvest at a highly attractive valuation and 5.11 Tactical’s improving EBITDA margins.”

Mr. Sabo continued, “Our success monetizing Manitoba Harvest resulted in CODI realizing a sizeable gain in just over three years of ownership, increasing total realized gains to over $870 million for shareholders

The following information was filed by Compass Group Diversified Holdings Llc on Wednesday, May 1, 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.

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Definitive Proxy Statement (Form DEF 14A)
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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




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Inside Compass Group Diversified Holdings Llc's 10-Q Quarterly Report:

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

CIK: 1345122
Form Type: 10-Q Quarterly Report
Accession Number: 0001345126-19-000045
Submitted to the SEC: Wed Jul 31 2019 12:18:05 PM EST
Accepted by the SEC: Wed Jul 31 2019
Period: Sunday, June 30, 2019
Industry: Miscellaneous Products Of Petroleum And Coal

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