Compass Diversified Q2 adjusted EBITDA misses estimates despite consumer strength
CODI•Outlook
- CODI maintains 2026 Subsidiary Adjusted EBITDA outlook of $320 mln to $365 mln
- Company outlook includes $9 mln Adjusted EBITDA from Sterno Food Service Business through May 1 sale
- CODI sees higher expectations for Branded Consumer, lower for Industrial, versus prior guidance
Overview
- U.S. holding company's Q2 sales slightly missed analyst expectations
- Net income for Q2 beat analyst expectations
- Adjusted EBITDA for Q2 missed analyst expectations
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Slight Miss* | $424.04 mln | $425.35 mln (6 Analysts) |
| Q2 Net Income | Beat | $83.35 mln | $8.60 mln (3 Analysts) |
| Q2 Adjusted EBITDA | Miss | $65.57 mln | $69.61 mln (5 Analysts) |
| Q2 Operating Income | Beat | $28.97 mln | $24.53 mln (3 Analysts) |
| Q2 Gross Profit | $199.96 mln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Result drivers
- Subsidiary performance - Branded Consumer businesses BOA, PrimaLoft and The Honey Pot each posted over 25% Adjusted EBITDA growth, Arnold Magnetics up nearly 50% year-over-year, per COO Zach Sawtelle
