Compass Diversified to Discuss Strategy, Transformation and Growth Potential at Virtual Investor Day
09 Dezember 2021 - 4:15PM
Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an
owner of leading middle market businesses, today will host its 2021
Virtual Investor Day, where the Company’s management team will
discuss CODI’s proven strategy, its transformation and its
long-term growth potential. The event will also include a
presentation from Kurt Ainsworth, CEO of Marucci Sports.
“Investor day is an exciting forum to discuss the transformation
underway at CODI while also outlining the compelling opportunity in
front of us,” said Elias Sabo, Chief Executive Officer of CODI.
“Over the past year, we have taken a number of strategic actions to
evolve our business, increase our growth rate and lower our
weighted average cost of capital. In pursuit of our long-term goal
of achieving $1 billion of EBITDA, we believe now is the right time
to begin to explore new opportunities in healthcare – an
attractive, high-growth market with advantageous demographics. We
look forward to executing on our strategy to strengthen our
competitive position and continue to drive value for our
shareholders.”
CODI Successfully Executing to Create Shareholder
Value
- Generating consistently superior returns with
long-term, opportunistic approach led by experienced management
team.
- Building a competitive advantage with a
strengthened capital structure and a lower weighted average cost of
capital.
- Creating value through actively partnering
with management to grow and manage businesses for the long
term.
- Instilling superior governance and
transparency at a highly accountable organization.
Presentation from Marucci Sports
Founded in 2009, Marucci Sports has become the leading
manufacturer and distributor of baseball and softball equipment as
the number one bat in the big leagues. At today’s event, Marucci
CEO, Kurt Ainsworth, will provide an overview of Marucci’s:
- Leading position in diamond sports;
- Competitive advantages in the consumer market;
- Focus and strategies for continued growth, including expansion
into new categories
Presentation from CODI
In today’s presentation, CODI’s management team will discuss the
Company’s strong financial position, including:
- Execution on CODI’s long-term strategy and its growth
potential;
- The strategic path to achieve $1 billion of EBITDA, including
the exploration of the new Healthcare vertical;
- Efforts to strengthen CODI’s capital structure and lower its
weighted average cost of capital; and
- 2021 financial performance, guidance and outlook.
Webcast Information
Today’s Virtual Investor Day will begin at 1:00 pm ET. A live
video webcast including audio, video, presentation materials and an
archived replay, is available here: CODI 2021 Virtual Investor
Day, or on the Investor Relations section of CODI's website,
https://www.compassdiversified.com/. Please allow extra time prior
to the start of the event to download any necessary software that
may be needed to view the webcast.
About Compass Diversified (“CODI”)
CODI owns and manages a diverse set of highly defensible North
American middle market businesses. Each of its current subsidiaries
is a leader in its niche market. For more information, visit
compassdiversified.com.
Leveraging its permanent capital base, long-term disciplined
approach and actionable expertise, CODI maintains controlling
ownership interests in each of its subsidiaries, maximizing its
ability to impact long-term cash flow generation and value
creation. The Company provides both debt and equity capital for its
subsidiaries, contributing to their financial and operating
flexibility. CODI utilizes the cash flows generated by its
subsidiaries to invest in the long-term growth of the Company and
has consistently generated strong returns through its culture of
transparency, alignment and accountability.
Our ten majority-owned subsidiaries are engaged in the following
lines of business:
- The design and marketing of purpose-built technical apparel and
gear serving a wide range of global customers
(5.11);
- The manufacture of quick-turn, small-run and production rigid
printed circuit boards (Advanced Circuits);
- The design and manufacture of custom packaging, insulation and
componentry (Altor Solutions);
- The manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold
Magnetic Technologies);
- The design, engineering and marketing of dial based fit systems
delivering a scientifically proven performance advantage for
athletes (BOA Technology);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby);
- The design, manufacture, and marketing of high-end, one-of-a
kind jewelry (Lugano Diamonds);
- The design and manufacture of baseball and softball equipment
and apparel (Marucci Sports);
- The manufacture and marketing of portable food warming systems
used in the foodservice industry, creative indoor and outdoor
lighting, and home fragrance solutions for the consumer markets
(Sterno); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
Forward Looking Statements
This press release contains, and the webcast
will contain, forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements include, but are not limited to, statements as to the
future performance or liquidity of CODI and its subsidiaries, such
as expectations regarding our 2021 guidance or future outlook,
market forecasts or projections, projected capital expenditures,
future business strategy and other statements with regard to the
future performance and goals of CODI and its subsidiaries.
We may use words such as “anticipate,”
“believe,” “expect,” “intend,” “plan,” “will,” “should,” “may,”
“seek,” “look,” and similar expressions to identify forward-looking
statements. The forward-looking statements contained in this press
release and webcast involve risks and uncertainties. Actual results
could differ materially from those implied or expressed in the
forward-looking statements for any reason, including the factors
set forth in “Risk Factors” and elsewhere in CODI’s annual report
on Form 10-K and its quarterly reports on Form 10-Q. Other factors
that could cause actual results to differ materially include:
changes in the economy, financial markets and political
environment; risks associated with possible disruption in CODI’s
operations or the economy generally due to terrorism, natural
disasters, social, civil and political unrest or the COVID-19
pandemic; future changes in laws or regulations (including the
interpretation of these laws and regulations by regulatory
authorities); general considerations associated with the COVID-19
pandemic and its impact on the markets in which we operate; and
other considerations that may be disclosed from time to time in
CODI’s publicly disseminated documents and filings. Undue reliance
should not be placed on such forward-looking statements as such
statements speak only as of the date on which they are made.
Although, except as required by law, CODI undertakes no obligation
to revise or update any forward-looking statements, whether as a
result of new information, future events or otherwise, you are
advised to consult any additional disclosures that CODI may make
directly to you or through reports that it in the future may file
with the SEC, including annual reports on Form 10-K, quarterly
reports on Form 10-Q and current reports on Form 8-K.
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 Weston212-355-4449 |
Compass Diversified (NYSE:CODI)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Compass Diversified (NYSE:CODI)
Historical Stock Chart
Von Jul 2023 bis Jul 2024