CODI Earnings Prediction
The chart below shows how CODI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CODI sees a -0.34% change in stock price 10 days leading up to the earnings, and a -0.42% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
CODI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
582.62M
11.81%
7.38%
Gross Margin
42.53%
10.07%
-0.37%
Operating Margin
12.06%
25.89%
6.63%
Net Margin
5.40%
301.49%
-313.44%
EPS
0.08
125.81%
-117.78%
No Data Available
CODI Earnings Analysis
Compass Diversified Corporation (CODI.N) Earnings Conference Call
Positive
Strong Revenue and EBITDA Growth: In Q3, we saw our combined revenue grow double digits, and our adjusted EBITDA grew by over 25% versus the third quarter of 2023.
Record Q3 Adjusted EBITDA: Our Q3 adjusted EBITDA of $114 million representing new quarterly record for CODI and is a byproduct of our strong business model and our long-term value creation strategy.
Preferred Stock Capital Raise: We raised more than $17 million of preferred stock capital in the third quarter.
Sales Growth Achievement: In the third quarter, we delivered consolidated net sales of $582.6 million, representing an increase of 11.8% over the prior year.
Net Income Improvement: Our consolidated net income in the third quarter was $31.5 million, which compares favorably to a net loss of $3.8 million recorded in Q3 of 2023.
Negative
Industrial Segment Decline: In the third quarter, revenues in the industrial segment declined by 4% and adjusted EBITDA decreased by 6.1%.
Net Income Recovery: The company reported a net income of $31.5 million, which is a significant drop from a net loss of $3.8 million recorded in Q3 of 2023.
Rising Corporate Costs: Corporate costs and management fees increased to $22.7 million in the quarter, representing an increase of greater than $2 million over the prior year.
Earnings Decrease Alert: The adjusted earnings in the quarter were $48.7 million, which is a decrease compared to previous expectations.
Integration Cost Projections: The company expects integration costs of approximately $7 million in Q4, excluding capital investments.
CODI FAQs
How does CODI typically perform around its earnings report dates?
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CODI Earning Call Sentiment
Compass Diversified (CODI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CODI.N
-1.47%Positive
The earnings call highlighted strong financial performance with significant revenue and EBITDA growth, along with a new $100 million share repurchase program. Despite supply chain and labor challenges, the optimistic guidance and strategic focus on M&A, along with increased consumer vertical EBITDA guidance, present a positive outlook. The market cap suggests moderate sensitivity to these factors, leading to a predicted positive stock movement of 2% to 8%.
