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Compass Group Diversified Holdings Llc (1345122) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2020

Compass Group Diversified Holdings Llc

CIK: 1345122

Exhibit 99.1

codilogo2020a021.jpg

Investor Relations:
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Compass Diversified Reports Fourth Quarter and Full Year 2020 Financial Results

Branded Consumer Performance Drives Strong Fourth Quarter Operating Results, Increasing Revenue from Prior Year and Beating Management’s Expectations

Permanent Capital Advantage Positioned CODI to Acquire Two Platform Businesses and Complete Strategic Add-Ons in 2020

Full-Year Results Demonstrate Benefits of Diversified Model in Navigating Volatility
Westport, Conn., February 24, 2021
- 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, 2020.
Fourth Quarter and Full Year 2020 Highlights
Reported net sales of $474.8 million for the fourth quarter 2020 and $1.561 billion for the full year 2020;
Reported net income of $8.8 million for the fourth quarter 2020 and $27.2 million for the full year 2020;
Reported non-GAAP Adjusted EBITDA of $79.8 million for the fourth quarter 2020 and $249.2 million for the full year 2020;
Reported Cash Provided by Operating Activities of $35.8 million for the fourth quarter 2020 and $148.6 million for the full year 2020, and non-GAAP Cash Flow Available for Distribution and Reinvestment ("CAD") of $36.0 million for the fourth quarter 2020 and $110.6 million for the full year 2020;
Paid a fourth quarter 2020 cash distribution of $0.36 per share on CODI's common shares in January 2021; and
Paid quarterly cash distributions of $0.453125 per share on the Company's 7.250% Series A Preferred Shares, $0.4921875 per share on the Company's 7.875% Series B Preferred Shares, and $0.4921875 per share on the Company's 7.875% Series C Preferred Shares payable on January 30, 2021.
“I am incredibly proud of our strong fourth quarter and full year results, which underscore how CODI’s differentiated model has continued to perform across economic cycles,” said Elias Sabo, CEO of Compass Diversified. “We drove impressive organic growth year-over-year and our permanent capital strategy enabled us to take advantage of multiple exciting opportunities in the market. At a time when


The following information was filed by Compass Group Diversified Holdings Llc on Wednesday, February 24, 2021 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 Annual Maturities Of Term Loan Facility And Revolving 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)
Intangible Assets, Goodwill And Other (Tables)
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: 0001345126-21-000007
Submitted to the SEC: Wed Feb 24 2021 4:17:37 PM EST
Accepted by the SEC: Wed Feb 24 2021
Period: Thursday, December 31, 2020
Industry: Miscellaneous Products Of Petroleum And Coal

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