Compass Diversified Holdings Announces First Quarter 2020 Earnings and Conference Call Information
April 16 2020 - 4:15PM
Compass Diversified Holdings (NYSE: CODI) (“CODI” or the
“Company”), an owner of leading middle market businesses, announced
today that it plans to release financial results for the first
quarter ended March 31, 2020, on Thursday, April 30, 2020, after
the close of market trading. The Company has scheduled a conference
call to discuss the results on Thursday, April 30, 2020 at 5:00
p.m. ET.
The conference call will feature remarks by
Elias J. Sabo, Chief Executive Officer, Ryan J. Faulkingham, Chief
Financial Officer, David Swanson, Partner of Compass Group
Management LLC (“CGM”), and Pat Maciariello, Partner and Chief
Operating Officer of CGM. To participate in the call, please dial
(855) 212-2368 (domestic) or (315) 625-6886 (international). The
passcode is 4462978. Please dial into the call at least five
minutes before the scheduled start time.
The conference call will also be available via a
live listen-only webcast and can be accessed through the Investor
Relations section of CODI's website,
https://www.compassequity.com/. Please allow extra time prior to
the call to visit the site and download any necessary software that
may be needed to listen to the Internet broadcast.
For interested individuals unable to join the
live conference call, a replay of the call will be available
through May 8, 2020 at (855) 859-2056 (domestic) or (404) 537-3406
(international). The passcode for the call and replay is 4462978.
An online archive of the webcast will be available on the Company’s
website for 30 days following the call.
About Compass Diversified Holdings
(“CODI”)CODI owns and manages a diverse family of
established North American middle market businesses. Each of its
current subsidiaries is a leader in its niche market.
CODI maintains controlling ownership interests
in each of its subsidiaries in order to maximize its ability to
impact long-term cash flow generation and value. 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 to make cash distributions
to its shareholders.
Our eight 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 manufacture of engineered magnetic solutions for a wide
range of specialty applications and end-markets (Arnold
Magnetic Technologies);
- The design and marketing of wearable baby carriers, strollers
and related products (Ergobaby);
- The design and manufacture of custom molded protective foam
solutions and OE components (Foam
Fabricators);
- The design and manufacture of premium home and gun safes
(Liberty Safe);
- The manufacture and marketing of portable food warming systems,
creative indoor and outdoor lighting, and home fragrance solutions
for the foodservice industry and consumer markets
(Sterno); and
- The design, manufacture and marketing of airguns, archery
products, optics and related accessories (Velocity
Outdoor).
Forward Looking StatementsThis press release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements involve risks and uncertainties, including, but not
limited to, statements as to our future operating results; our
business prospects and the prospects of our portfolio companies;
the impact of investments that we make or expect to make; the
dependence of our future success on the general economy and its
impact on the industries in which we operate; the ability of our
portfolio companies to achieve their objectives; the adequacy of
our cash resources and working capital; and the timing of cash
flows, if any, from the operations of our portfolio companies.
We may use words such as “anticipates,” “believes,” “expects,”
“intends,” “will,” “should,” “may” and similar expressions to
identify forward-looking statements. The forward-looking statements
contained in this press release 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 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 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: |
Media Contact: |
The IGB Group |
Joele Frank, Wilkinson Brimmer
Katcher |
Leon Berman |
Jon Keehner / Julie Oakes / Kate
Thompson |
212-477-8438 |
212-355-4449 |
lberman@igbir.com |
|
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