{"id":917147,"date":"2025-12-08T07:18:48","date_gmt":"2025-12-08T12:18:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/"},"modified":"2025-12-08T07:18:48","modified_gmt":"2025-12-08T12:18:48","slug":"compass-diversified-completes-restatement-of-previously-issued-financial-statements","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/","title":{"rendered":"Compass Diversified Completes Restatement of Previously Issued Financial Statements"},"content":{"rendered":"
\n

WESTPORT, Conn., Dec. 08, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (\u201cCODI\u201d or the \u201cCompany\u201d), an owner of leading middle-market branded consumer and industrial businesses, today announced the filing of its restated financial results for fiscal years 2022, 2023, and 2024 and the financial information for each of the interim periods included within those years.<\/p>\n

\u201cWe are pleased to have completed this extensive restatement process. The financial and accounting fraud perpetrated by the former CEO of Lugano Holding, Inc. (\u201cLugano\u201d) was pervasive, complex and isolated to Lugano. Our restatement is an important step in putting this chapter behind us,\u201d said Elias Sabo, CEO of CODI. \u201cWe are focused on reducing our leverage and continuing to execute on the strategy that has made CODI successful since inception: managing and growing high-quality middle-market companies to generate durable, long-term value for our shareholders.\u201d<\/p>\n

\u201cImportantly, our eight other subsidiaries were not involved with the events at Lugano and, collectively, continue to perform well. Their execution highlights the strength of these businesses and the resilience of our business model,\u201d Sabo continued. \u201cAs a result, we are adjusting our full year 2025 guidance for Subsidiary Adjusted EBITDA to between $330 million and $360 million, which is consistent with our prior guidance, when you exclude Lugano.\u201d<\/p>\n

Sabo added, \u201cWe are in active discussions with our senior lenders regarding an amendment to our credit agreement that would provide additional relief and flexibility with respect to our current leverage profile and certain other covenants. We currently anticipate announcing an amendment in the coming weeks.\u201d<\/p>\n

In the coming weeks CODI also expects to file 2025 first, second and third quarter financial results on Form 10-Q, which will bring the Company back into compliance with the Securities and Exchange Commission\u2019s annual and quarterly filing requirements.<\/p>\n

\n Note Regarding Use of Non-GAAP Financial Measures<\/strong>\n <\/p>\n

Adjusted EBITDA is a non-GAAP measure used by the Company to assess its performance. We have reconciled Adjusted EBITDA to Income (Loss) from Continuing Operations on the attached schedules. We consider Income (Loss) from Continuing Operations to be the most directly comparable GAAP financial measure to Adjusted EBITDA. We believe that Adjusted EBITDA provides useful information to investors and reflects important financial measures as it excludes the effects of items which reflect the impact of long-term investment decisions, rather than the performance of near-term operations. When compared to Income (Loss) from Continuing Operations, Adjusted EBITDA is limited in that it does not reflect the periodic costs of certain capital assets used in generating revenues of our businesses or the non-cash charges associated with impairments, as well as certain cash charges. The presentation of Adjusted EBITDA allows investors to view the performance of our businesses in a manner similar to the methods used by us and the management of our businesses, provides additional insight into our operating results and provides a measure for evaluating targeted businesses for acquisition.<\/p>\n

In reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K, we have not reconciled 2025 Subsidiary Adjusted EBITDA to its comparable GAAP measure because we do not provide guidance on Net Income (Loss) from Continuing Operations or the applicable reconciling items as a result of the uncertainty regarding, and the potential variability of, these items. For the same reasons, we are unable to address the probable significance of the unavailable information, which could be material to future results.<\/p>\n

Adjusted EBITDA is not meant to be a substitute for GAAP measures and may be different from or otherwise inconsistent with non-GAAP financial measures used by other companies.<\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

\n This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including without limitation, CODI\u2019s expectations with respect to the timing of its delinquent financial statements, CODI\u2019s expectations regarding its future performance, liquidity and leverage, the future performance of CODI\u2019s subsidiaries, potential amendments to CODI\u2019s credit agreement and potential relief granted by CODI\u2019s lenders and the filing or delay of CODI\u2019s periodic reports. Such forward-looking statements may be identified by, among other things, the use of forward-looking terminology such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cintend,\u201d \u201cestimate,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cshould\u201d or \u201canticipate\u201d or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. These statements are based on beliefs and assumptions by CODI\u2019s Board of Directors and management, and on information currently available to CODI\u2019s Board of Directors and management. These statements involve risk and uncertainties that could cause CODI\u2019s actual results and outcomes to differ, perhaps materially, including but not limited to: the discovery of additional information relevant to the Lugano investigation; a further material delay in CODI\u2019s financial reporting or ability to hold an annual meeting of stockholders; the impacts of restatement; CODI\u2019s ability to regain compliance with NYSE continued listing requirements; the cooperation of, and future concessions granted by, CODI\u2019s lenders; control deficiencies identified or that may be identified in the future that will result in material weaknesses in CODI\u2019s internal control over financial reporting; and litigation relating to the investigation, including CODI\u2019s representations regarding its financial statements, and current and future litigation, enforcement actions or investigations relating to CODI\u2019s internal controls, restatement reviews, the Lugano investigation or related matters. Please see CODI\u2019s Amendment No. 1 to Annual Report on Form 10-K\/A for the year ended December 31, 2024 filed with the SEC on December 8, 2025<\/em>
\n for other risk factors that you should consider in connection with such forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date such statements have been made. Except as required by law, CODI does not undertake any public obligation to update any forward-looking statements to reflect events, circumstances, or new information after the date of this press release, or to reflect the occurrence of unanticipated events.<\/em>\n <\/p>\n

\n Investor Relations<\/strong>\n <\/p>\n

Compass Diversified
irinquiry@compassdiversified.com<\/a><\/u><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings<\/strong>
\n
\n Condensed Consolidated Balance Sheets<\/strong>
\n \n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (in thousands)<\/em>\n <\/td>\n\n December 31, 2024
(As Restated)<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n December 31, 2023
(As Restated)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n$<\/td>\n59,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n446,616<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\u00a0<\/td>\n207,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n185,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories, net<\/td>\n\u00a0<\/td>\n571,248<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n522,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n126,692<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets of discontinued operations<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,915<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n964,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,269,046<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n244,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n191,283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n895,916<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n773,569<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n983,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n808,344<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current assets<\/td>\n\u00a0<\/td>\n208,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,016<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current assets of discontinued operations<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,883<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n$<\/td>\n3,297,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,325,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n$<\/td>\n103,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n90,708<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\u00a0<\/td>\n318,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237,817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to related parties<\/td>\n\u00a0<\/td>\n18,036<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current portion, long-term debt<\/td>\n\u00a0<\/td>\n1,774,290<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,671,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subsidiary financing arrangements<\/td>\n\u00a0<\/td>\n169,765<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current liabilities<\/td>\n\u00a0<\/td>\n49,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities of discontinued operations<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n2,433,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,160,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n108,091<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current liabilities<\/td>\n\u00a0<\/td>\n225,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current liabilities of discontinued operations<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n2,766,848<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,468,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Stockholders’ equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders’ equity attributable to Holdings<\/td>\n\u00a0<\/td>\n678,620<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n929,660<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interest<\/td>\n\u00a0<\/td>\n(148,046<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(89,991<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interest of discontinued operations<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,756<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n530,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n856,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n$<\/td>\n3,297,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,325,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings<\/strong>
\n
\n Consolidated Statements of Operations<\/strong>
\n \n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Year ended December 31,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (in thousands, except per share data)<\/em>\n <\/td>\n\n 2024
(As Restated)<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n 2023
(As Restated)<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
Net revenues<\/td>\n$<\/td>\n1,788,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,689,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\u00a0<\/td>\n1,037,594<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,015,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n750,419<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n674,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expense<\/td>\n\u00a0<\/td>\n587,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n502,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Management fees<\/td>\n\u00a0<\/td>\n74,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,945<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization expense<\/td>\n\u00a0<\/td>\n94,817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment expense<\/td>\n\u00a0<\/td>\n8,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n(14,868<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(69,409<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n(122,802<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(109,892<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of debt issuance costs<\/td>\n\u00a0<\/td>\n(4,018<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,038<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on sale of Crosman<\/td>\n\u00a0<\/td>\n(24,218<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense), net<\/td>\n\u00a0<\/td>\n(143,304<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(83,114<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) before income taxes<\/strong>\n <\/td>\n\u00a0<\/td>\n(309,210<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(266,453<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n18,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,198<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from continuing operations<\/strong>\n <\/td>\n\u00a0<\/td>\n(327,822<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(274,651<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from discontinued operations, net of income tax<\/td>\n\u00a0<\/td>\n(6,905<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of discontinued operations<\/td>\n\u00a0<\/td>\n11,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n(322,770<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) attributable to noncontrolling interest<\/td>\n\u00a0<\/td>\n(111,025<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(75,761<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) from discontinued operations attributable to
noncontrolling interest<\/td>\n		\u00a0<\/td>\n(2,884<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(304<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income attributable to Holdings<\/strong>\n <\/td>\n$<\/td>\n(208,861<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n108,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic income (loss) per common share attributable to Holdings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n$<\/td>\n(3.94<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(3.57<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n0.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n$<\/td>\n(3.83<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic weighted average number of common shares outstanding<\/td>\n\u00a0<\/td>\n75,454<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,105<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash distributions declared per Trust common share<\/td>\n$<\/td>\n1.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.00<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Restatement of Previously Issued Consolidated Financial Statements<\/strong>\n <\/p>\n

The Company has restated its consolidated financial statements for the fiscal years ended December 31, 2024 and 2023 below. Below is a summary description of the significant adjustments made in connection with the restatement of the Consolidated Balance Sheet and Consolidated Statement of Operations for the fiscal years ended December 31, 2024 and 2023:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n
\n
\n
Consolidated Balance Sheets<\/p>\n

<\/em>
\n <\/strong>\n <\/td>\n<\/tr>\n

\n ADJ 1<\/strong>\n <\/td>\nAccounts Receivable – amounts were recorded at Lugano as accounts receivable which did not represent activity associated with a valid revenue transaction.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 2<\/strong>\n <\/td>\nInventory and Other Current Assets – amounts were recorded at Lugano as purchases of inventory or vendor prepayments which did not represent valid purchases. Invalid inventory transactions were also recorded in connection with barter purchases of jewelry or gems from customers in exchange for reducing accounts receivable transactions, and in connection with invalid revenue transactions. Other current assets increased as a result of the revised Lugano tax provision and a tax receivable that was recorded in each of the years presented in the consolidated financial statements.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 3<\/strong>\n <\/td>\nGoodwill and Intangible Assets – the purchase price allocation of the assets acquired and liabilities assumed in the acquisition of Lugano in September 2021 was based upon materially incorrect financial information. As a result, the Company re-performed the purchase price allocation, which resulted in a change in the fair value of the intangible assets acquired and the calculation of goodwill. Additionally, due to the adjustments to historical financial information that resulted from the Lugano Investigation, the Company determined that a triggering event had occurred as of December 31, 2021 and December 31, 2022 and performed impairment testing of the goodwill and definite lived intangibles at Lugano as of these dates, resulting in the impairment of these balances.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 4<\/strong>\n <\/td>\nAccrued expenses – Unrecorded liabilities related to inventory transactions at Lugano and accrued interest associated with the Lugano Financing Arrangements have been recorded in the consolidated balance sheets<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 5<\/strong>\n <\/td>\nFinancing arrangements – Lugano entered into various financing arrangements with third parties that were not previously recorded in the historical financial statements of Lugano as debt. In connection with the Lugano Investigation, the Company determined that certain cash recorded as reduction of accounts receivable or purchases of inventory actually represented unrecorded financing arrangements made with third parties to purportedly jointly invest with Lugano in the purchase of a specified jewelry piece. These arrangements represent debt that has been recorded on the Company’s consolidated balance sheets as such.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 6<\/strong>\n <\/td>\nNoncontrolling interest – the correction of the misstatements resulted in a decrease in the balance of noncontrolling interest at Lugano, and reduced the noncontrolling income that previously had been recorded related to Lugano.<\/td>\n<\/tr>\n
\n
\n
\n
Consolidated Statement of Operations<\/p>\n

<\/em>
\n <\/strong>\n <\/td>\n<\/tr>\n

\n ADJ 7<\/strong>\n <\/td>\nNet revenues – net revenues at Lugano were overstated in each of the periods presented as a result of the recording of invalid revenue transactions or the misrepresentation of funds received as revenue.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 8<\/strong>\n <\/td>\nCost of revenues – cost of revenues at Lugano was overstated in each of the periods presented as a result of the recording of the cost of revenues associated with invalid revenue transactions and the misapplication of funds paid as inventory purchases.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 9<\/strong>\n <\/td>\nInterest expense, net – interest expense associated with the Lugano financing arrangements described above have been recorded in the consolidated statement of operations in each of the periods presented.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 10<\/strong>\n <\/td>\nOther income (expense), net – reflects the expense recognized at Lugano related to losses resulting from the accounting for the transactions associated with the Lugano financing arrangements.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n ADJ 11<\/strong>\n <\/td>\nIncome tax provision (benefit) – the income tax provision (benefit) at Lugano has been recalculated in each of the periods presented as a result of the effect of the aforementioned adjustments to the consolidated statement of operations.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings
\u00a0Consolidated Balance Sheet
<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ADJ
Reference<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n As Reported<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As Restated<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n59,727<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(68<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n59,659<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\n ADJ 1<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n444,386<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(237,214<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n207,172<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories, net<\/td>\n\n ADJ 2<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n962,408<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(391,160<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n571,248<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\n ADJ 2<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n101,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,563<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n126,692<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,567,650<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(602,879<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n964,771<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n244,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n244,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n982,253<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(86,337<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n895,916<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,049,186<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(65,790<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n983,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n208,587<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n208,593<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,052,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(755,000<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n3,297,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104,304<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,065<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,239<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\n ADJ 4<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n197,829<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n120,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n318,476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to related parties<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,036<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,036<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current portion, long-term debt(1)<\/sup><\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n15,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,759,290<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,774,290<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subsidiary financing arrangements<\/td>\n\n ADJ 5<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169,765<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n169,765<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,617<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n384,786<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,048,637<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,433,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n119,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,857<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108,091<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt(1)<\/sup><\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,759,290<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,759,290<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n225,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n225,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,489,358<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n277,490<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,766,848<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trust preferred shares, 50,000 authorized; 17,497 shares
issued and outstanding at December 31, 2024<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series A preferred shares, no par value, 4,551 shares
issued and outstanding at December 31, 2024<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,159<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series B preferred shares, no par value, 6,192 shares
issued and outstanding at December 31, 2024<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n147,906<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series C preferred shares, no par value, 6,754 shares
issued and outstanding at December 31, 2024<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n161,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trust common shares, no par value, 500,000 authorized;
76,135 shares issued and 75,236 shares outstanding at
December 31, 2024<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,289,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,289,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury shares, at cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18,910<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(18,910<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,815<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,337<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(386,324<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(618,651<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,004,975<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity attributable to Holdings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,296,793<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(618,173<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n678,620<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interest<\/td>\n\n ADJ 6<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n266,271<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(414,317<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(148,046<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,563,064<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,032,490<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n530,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,052,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(755,000<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n3,297,422<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n
\n (1)<\/sup>
\n <\/strong> In retrospectively testing financial covenant compliance under the Company’s 2022 Credit Facility in each of the years ended December 31, 2024, 2023 and 2022 in reliance on the restated consolidated financial information, the Company would not have been in compliance with such financial covenants as of the years ended December 31, 2024 and 2023. As a result, the 2022 Term Loan and 2022 Revolving Credit Facility have been classified as current in the Consolidated Financial Statements as of December 31, 2024 and 2023. Additionally, because the 2029 Senior Notes and 2032 Senior Notes may have been subject to acceleration had the lenders under the 2022 Credit Facility exercised their acceleration rights during such historical periods, the 2029 Senior Notes and 2032 Senior Notes have also been classified as current at December 31, 2024 and 2023.<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings
Consolidated Statement of Operations<\/strong>
\n
\n
\n <\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Year Ended December 31, 2024<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ADJ
Reference<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n As Reported<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As Restated<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net revenues<\/td>\n\n ADJ 7<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n2,198,233<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(410,220<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,788,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\n ADJ 8<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,197,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(160,279<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,037,594<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,000,360<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(249,941<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n750,419<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n587,521<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Management fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n74,767<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization expense<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n99,760<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,943<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n94,817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n230,130<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(244,998<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14,868<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\n ADJ 9<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(106,683<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(16,119<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(122,802<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of debt issuance costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,018<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,018<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on sale of Crosman<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,218<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(24,218<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense), net<\/td>\n\n ADJ 10<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,902<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(139,402<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(143,304<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from continuing operations before income
taxes<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91,309<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(400,519<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(309,210<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\n ADJ 11<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,012<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30,400<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,612<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from continuing operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n42,297<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(370,119<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(327,822<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss from discontinued operations, net of income tax<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,905<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,905<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of discontinued operations, net of income
tax<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n47,349<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(370,119<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(322,770<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) from continuing operations
attributable to noncontrolling interest<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(148,451<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(111,025<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net loss from discontinued operations attributable
to noncontrolling interest<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,884<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,884<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income (loss) attributable to Holdings<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(221,668<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(208,861<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Amounts attributable to common shares of Holdings:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from continuing operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4,871<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(221,668<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(216,797<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss from discontinued operations, net of income tax<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,021<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,021<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of discontinued operations, net of income
tax<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,957<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) attributable to Holdings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n12,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(221,668<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(208,861<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Basic and fully diluted income (loss) per share
attributable to Holdings<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.25<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2.69<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.94<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n0.11<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.14<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.69<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(3.83<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings<\/strong>
\n
\n \u00a0Consolidated Balance Sheet<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n December 31, 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ADJ
Reference<\/strong>\n <\/td>\n		\u00a0<\/td>\n\n As Reported<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As Restated<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n446,684<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(68<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n446,616<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts receivable, net<\/td>\n\n ADJ 1<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n308,183<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(122,946<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n185,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventories, net<\/td>\n\n ADJ 2<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n723,194<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(200,685<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n522,509<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\n ADJ 2<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88,844<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11,075<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n77,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,915<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36,915<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,603,820<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(334,774<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,269,046<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property, plant and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n191,283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n191,283<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n859,907<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(86,338<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n773,569<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n879,078<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(70,734<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n808,344<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,010<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n195,016<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current assets of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,883<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n87,883<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total assets<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,816,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(491,840<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n3,325,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n91,089<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(381<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,708<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\n ADJ 4<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n151,443<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n86,374<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n237,817<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to related parties<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current portion, long-term debt(1)<\/sup><\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,661,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,671,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Subsidiary financing arrangements<\/td>\n\n ADJ 5<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n100,741<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,812<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n312,355<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,848,613<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,160,968<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n118,882<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(15,618<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,264<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term debt(1)<\/sup><\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,661,879<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,661,879<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other non-current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n203,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-current liabilities of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,277<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,297,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n171,116<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,468,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trust preferred shares, 50,000 authorized; 12,600 shares
issued and outstanding at December 31, 2023<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series A preferred shares, no par value, 4,000 shares issued
and outstanding at December 31, 2023<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,417<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series B preferred shares, no par value, 4,000 shares issued
and outstanding at December 31, 2023<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,504<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series C preferred shares, no par value, 4,600 shares issued
and outstanding at December 31, 2023<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110,997<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n110,997<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trust common shares, no par value, 500,000 authorized;
75,753 shares issued and 75,270 shares outstanding at
December 31, 2023<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,281,303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,281,303<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury shares, at cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,339<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,339<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated other comprehensive income (loss)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n111<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(249,243<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(396,982<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(646,225<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity attributable to Holdings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,326,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(397,090<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n929,660<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interest<\/td>\n\n ADJ 6<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175,875<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(265,866<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(89,991<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interest of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,756<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,756<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,519,381<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(662,956<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n856,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total liabilities and stockholders\u2019 equity<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3,816,981<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(491,840<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n3,325,141<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n (1)<\/sup>
\n <\/strong>In retrospectively testing financial covenant compliance under the Company’s 2022 Credit Facility in each of the years ended December 31, 2024, 2023 and 2022 in reliance on the restated consolidated financial information, the Company would not have been in compliance with such financial covenants as of the years ended December 31, 2024 and 2023. As a result, the 2022 Term Loan and 2022 Revolving Credit Facility have been classified as current in the Consolidated Financial Statements as of December 31, 2024 and 2023. Additionally, because the 2029 Senior Notes and 2032 Senior Notes may have been subject to acceleration had the lenders under the 2022 Credit Facility exercised their acceleration rights during such historical periods, the 2029 Senior Notes and 2032 Senior Notes have also been classified as current at December 31, 2024 and 2023.
<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings
Consolidated Statement of Operations
<\/strong>\n <\/td>\n		\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n Year Ended December 31, 2023<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n ADJ Reference<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As Reported<\/strong>\n <\/td>\n\u00a0<\/td>\n\n Adjustments<\/strong>\n <\/td>\n\u00a0<\/td>\n\n As Restated<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Net revenues<\/td>\n\n ADJ 7<\/strong>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n1,965,017<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(275,097<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n1,689,920<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\n ADJ 8<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,132,014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(116,814<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,015,200<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross profit<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n833,003<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(158,283<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n674,720<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n502,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n502,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Management fees<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,945<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,945<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization expense<\/td>\n\n ADJ 3<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n88,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,822<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n83,574<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n89,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,597<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating income (loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85,249<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(154,658<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(69,409<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\n ADJ 9<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(105,179<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,713<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(109,892<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of debt issuance costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,038<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,038<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other income (expense), net<\/td>\n\n ADJ 10<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,779<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(84,893<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(83,114<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from continuing operations before income
taxes<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,189<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(244,264<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(266,453<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\n ADJ 11<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,639<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14,441<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,198<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from continuing operations<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(44,828<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(229,823<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(274,651<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) from discontinued operations, net of income
tax<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,208<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of discontinued operations, net of income
tax<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n262,405<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(229,823<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,582<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income from continuing operations attributable
to noncontrolling interest<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,423<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(92,184<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(75,761<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Net income (loss) from discontinued operations
attributable to noncontrolling interest<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(304<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(304<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income attributable to Holdings<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n246,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(137,639<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n108,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Amounts attributable to common shares of Holdings:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss from continuing operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(61,251<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(137,639<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(198,890<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income from discontinued operations, net of income\u00a0tax<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,512<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on sale of discontinued operations, net of income
tax<\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n283,025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income attributable to Holdings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n246,286<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(137,639<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n108,647<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Basic and fully diluted income (loss) per share
attributable to Holdings<\/strong>\n <\/td>\n		\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.81<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1.76<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3.57<\/td>\n)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4.27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.46<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.76<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.70<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings<\/strong>
\n
\n Net Income (Loss) from Continuing Operations to Non-GAAP Consolidated Adjusted EBITDA Reconciliation<\/strong>
\n
\n Year ended December 31, 2024<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n (in thousands)<\/em>\n <\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.11<\/strong>\n <\/td>\n\u00a0<\/td>\n\n BOA<\/strong>\n <\/td>\n\n Lugano
(Restated)<\/strong>\n <\/td>\n		\n PrimaLoft<\/strong>\n <\/td>\n\n THP<\/strong>\n <\/td>\n\n Velocity
Outdoor<\/strong>\n <\/td>\n		\n Altor Solutions<\/strong>\n <\/td>\n\n Arnold<\/strong>\n <\/td>\n\n Sterno<\/strong>\n <\/td>\n\n Consolidated
(Restated)<\/strong>\n <\/td>\n<\/tr>\n
\n Net income (loss)
from\u00a0continuing
operations<\/strong>\n <\/td>\n		$<\/td>\n(35,634<\/td>\n)<\/td>\n$<\/td>\n20,634<\/td>\n\u00a0<\/td>\n$<\/td>\n20,791<\/td>\n\u00a0<\/td>\n$<\/td>\n(275,730<\/td>\n)<\/td>\n$<\/td>\n(10,575<\/td>\n)<\/td>\n$<\/td>\n(9,761<\/td>\n)<\/td>\n$<\/td>\n(54,851<\/td>\n)<\/td>\n$<\/td>\n5,635<\/td>\n$<\/td>\n(2,969<\/td>\n)<\/td>\n$<\/td>\n14,638<\/td>\n\u00a0<\/td>\n$<\/td>\n(327,822<\/td>\n)<\/td>\n<\/tr>\n
Adjusted for:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Provision (benefit)
\u00a0 for income taxes<\/td>\n		\u00a0<\/td>\n(2,095<\/td>\n)<\/td>\n\u00a0<\/td>\n4,526<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,962<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n904<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,741<\/td>\n)<\/td>\n\u00a0<\/td>\n(2,894<\/td>\n)<\/td>\n\u00a0<\/td>\n6,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,280<\/td>\n\u00a0<\/td>\n2,986<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,612<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Interest expense,
\u00a0 net<\/td>\n		\u00a0<\/td>\n106,414<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(14<\/td>\n)<\/td>\n\u00a0<\/td>\n(21<\/td>\n)<\/td>\n\u00a0<\/td>\n16,122<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(70<\/td>\n)<\/td>\n\u00a0<\/td>\n(52<\/td>\n)<\/td>\n\u00a0<\/td>\n52<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n371<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n122,802<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Intercompany
\u00a0 interest<\/td>\n		\u00a0<\/td>\n(157,585<\/td>\n)<\/td>\n\u00a0<\/td>\n13,366<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,125<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n56,013<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,916<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,255<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,771<\/td>\n\u00a0<\/td>\n7,121<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,466<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Depreciation and
\u00a0 amortization<\/td>\n		\u00a0<\/td>\n675<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,734<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,594<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,318<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,974<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,042<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,553<\/td>\n\u00a0<\/td>\n9,265<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,473<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148,019<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA<\/strong>\n <\/td>\n\u00a0<\/td>\n(88,225<\/td>\n)<\/td>\n\u00a0<\/td>\n61,246<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(197,300<\/td>\n)<\/td>\n\u00a0<\/td>\n24,848<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,819<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(30,692<\/td>\n)<\/td>\n\u00a0<\/td>\n40,239<\/td>\n\u00a0<\/td>\n16,774<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(38,389<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Other (income)
\u00a0 expense<\/td>\n		\u00a0<\/td>\n460<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n511<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n139,623<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n181<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,557<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,746<\/td>\n\u00a0<\/td>\n(9<\/td>\n)<\/td>\n\u00a0<\/td>\n(590<\/td>\n)<\/td>\n\u00a0<\/td>\n167,522<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Non-controlling
\u00a0 shareholder
\u00a0 compensation<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,129<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,683<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,437<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,382<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,674<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n403<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n988<\/td>\n\u00a0<\/td>\n18<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n631<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,345<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Impairment
\u00a0 expense<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,182<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Acquisition
\u00a0 expenses<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,479<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,872<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,351<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Integration
\u00a0 services fee<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,625<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,625<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Other(1)<\/sup><\/strong><\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,500<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n696<\/td>\n\u00a0<\/td>\n10,426<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n476<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,188<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n$<\/td>\n(87,765<\/td>\n)<\/td>\n$<\/td>\n63,415<\/td>\n\u00a0<\/td>\n$<\/td>\n73,645<\/td>\n\u00a0<\/td>\n$<\/td>\n(55,240<\/td>\n)<\/td>\n$<\/td>\n27,411<\/td>\n\u00a0<\/td>\n$<\/td>\n24,690<\/td>\n\u00a0<\/td>\n$<\/td>\n3,950<\/td>\n\u00a0<\/td>\n$<\/td>\n46,541<\/td>\n$<\/td>\n27,209<\/td>\n\u00a0<\/td>\n$<\/td>\n50,968<\/td>\n\u00a0<\/td>\n$<\/td>\n174,824<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n
\n (1)<\/sup>
\n <\/strong>Other represents non-recurring operating expenses that are included by management in the calculation of Adjusted EBITDA when analyzing monthly operating results of our subsidiaries. In the current year, the calculation of Adjusted EBITDA for Arnold includes the add-back of certain expenses that have been incurred related to the relocation of two of Arnold’s facilities in the United States.
<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Compass Diversified Holdings<\/strong>
\n
\n Net Income (Loss) from Continuing Operations to Non-GAAP Consolidated Adjusted EBITDA Reconciliation<\/strong>
\n
\n Year ended December 31, 2023<\/strong>
\n
\n (Unaudited)<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n<\/tr>\n
\n (in thousands)<\/em>\n <\/td>\n\n Corporate<\/strong>\n <\/td>\n\u00a0<\/td>\n\n 5.11<\/strong>\n <\/td>\n\u00a0<\/td>\n\n BOA<\/strong>\n <\/td>\n\n Lugano
(Restated)<\/strong>\n <\/td>\n		\n PrimaLoft<\/strong>\n <\/td>\n\n Velocity
Outdoor<\/strong>\n <\/td>\n		\n Altor
Solutions<\/strong>\n <\/td>\n		\n Arnold<\/strong>\n <\/td>\n\n Sterno<\/strong>\n <\/td>\n\n Consolidated
(Restated)<\/strong>\n <\/td>\n<\/tr>\n
\n Net income (loss)
from\u00a0continuing
operations<\/strong>\n <\/td>\n		$<\/td>\n(60,454<\/td>\n)<\/td>\n$<\/td>\n21,690<\/td>\n\u00a0<\/td>\n$<\/td>\n16,496<\/td>\n\u00a0<\/td>\n$<\/td>\n(177,508<\/td>\n)<\/td>\n$<\/td>\n(69,883<\/td>\n)<\/td>\n$<\/td>\n(40,045<\/td>\n)<\/td>\n$<\/td>\n16,504<\/td>\n$<\/td>\n10,434<\/td>\n\u00a0<\/td>\n$<\/td>\n8,115<\/td>\n\u00a0<\/td>\n$<\/td>\n(274,651<\/td>\n)<\/td>\n<\/tr>\n
Adjusted for:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Provision (benefit)
\u00a0 for income taxes<\/td>\n		\u00a0<\/td>\n301<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,863<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n148<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,673<\/td>\n)<\/td>\n\u00a0<\/td>\n(5,616<\/td>\n)<\/td>\n\u00a0<\/td>\n5,890<\/td>\n\u00a0<\/td>\n4,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,106<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8,198<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Interest expense,
\u00a0 net<\/td>\n		\u00a0<\/td>\n104,856<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8<\/td>\n)<\/td>\n\u00a0<\/td>\n(18<\/td>\n)<\/td>\n\u00a0<\/td>\n4,716<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(11<\/td>\n)<\/td>\n\u00a0<\/td>\n352<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n109,892<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Intercompany
\u00a0 interest<\/td>\n		\u00a0<\/td>\n(126,240<\/td>\n)<\/td>\n\u00a0<\/td>\n20,244<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,837<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,123<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,510<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,486<\/td>\n\u00a0<\/td>\n6,806<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Depreciation and
\u00a0 amortization<\/td>\n		\u00a0<\/td>\n1,498<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,009<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,932<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,232<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21,478<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,282<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,741<\/td>\n\u00a0<\/td>\n8,441<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n133,572<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n EBITDA<\/strong>\n <\/td>\n\u00a0<\/td>\n(80,039<\/td>\n)<\/td>\n\u00a0<\/td>\n72,929<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n49,853<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(136,575<\/td>\n)<\/td>\n\u00a0<\/td>\n(35,966<\/td>\n)<\/td>\n\u00a0<\/td>\n(18,517<\/td>\n)<\/td>\n\u00a0<\/td>\n49,621<\/td>\n\u00a0<\/td>\n29,871<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,989<\/td>\n)<\/td>\n<\/tr>\n
\u00a0 Other (income)
\u00a0 expense<\/td>\n		\u00a0<\/td>\n(130<\/td>\n)<\/td>\n\u00a0<\/td>\n(515<\/td>\n)<\/td>\n\u00a0<\/td>\n98<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n84,815<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,210<\/td>\n)<\/td>\n\u00a0<\/td>\n1,440<\/td>\n\u00a0<\/td>\n(5<\/td>\n)<\/td>\n\u00a0<\/td>\n(1,441<\/td>\n)<\/td>\n\u00a0<\/td>\n83,114<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Non-controlling
\u00a0 shareholder
\u00a0 compensation<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,474<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n980<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n914<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n986<\/td>\n\u00a0<\/td>\n27<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n860<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,451<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Impairment
\u00a0 expense<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,197<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,810<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31,590<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,597<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Integration
\u00a0 services fee<\/td>\n		\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,375<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,375<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0 Other<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,072<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,434<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,506<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n$<\/td>\n(80,169<\/td>\n)<\/td>\n$<\/td>\n73,605<\/td>\n\u00a0<\/td>\n$<\/td>\n56,042<\/td>\n\u00a0<\/td>\n$<\/td>\n(49,089<\/td>\n)<\/td>\n$<\/td>\n25,261<\/td>\n\u00a0<\/td>\n$<\/td>\n12,777<\/td>\n\u00a0<\/td>\n$<\/td>\n52,047<\/td>\n$<\/td>\n29,893<\/td>\n\u00a0<\/td>\n$<\/td>\n46,687<\/td>\n\u00a0<\/td>\n$<\/td>\n167,054<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

WESTPORT, Conn., Dec. 08, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (\u201cCODI\u201d or the \u201cCompany\u201d), an owner of leading middle-market branded consumer and industrial businesses, today announced the filing of its restated financial results for fiscal years 2022, 2023, and 2024 and the financial information for each of the interim periods included within those years. \u201cWe are pleased to have completed this extensive restatement process. The financial and accounting fraud perpetrated by the former CEO of Lugano Holding, Inc. (\u201cLugano\u201d) was pervasive, complex and isolated to Lugano. Our restatement is an important step in putting this chapter behind us,\u201d said Elias Sabo, CEO of CODI. \u201cWe are focused on reducing our leverage and continuing to execute on the strategy … <\/p>\n

Continue reading “Compass Diversified Completes Restatement of Previously Issued Financial Statements”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-917147","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCompass Diversified Completes Restatement of Previously Issued Financial Statements - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Compass Diversified Completes Restatement of Previously Issued Financial Statements - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WESTPORT, Conn., Dec. 08, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (\u201cCODI\u201d or the \u201cCompany\u201d), an owner of leading middle-market branded consumer and industrial businesses, today announced the filing of its restated financial results for fiscal years 2022, 2023, and 2024 and the financial information for each of the interim periods included within those years. \u201cWe are pleased to have completed this extensive restatement process. The financial and accounting fraud perpetrated by the former CEO of Lugano Holding, Inc. (\u201cLugano\u201d) was pervasive, complex and isolated to Lugano. Our restatement is an important step in putting this chapter behind us,\u201d said Elias Sabo, CEO of CODI. \u201cWe are focused on reducing our leverage and continuing to execute on the strategy … Continue reading "Compass Diversified Completes Restatement of Previously Issued Financial Statements"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-08T12:18:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5ODQyOSM3MzEwNDQwIzIwMDU4Mjc=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"15 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Compass Diversified Completes Restatement of Previously Issued Financial Statements\",\"datePublished\":\"2025-12-08T12:18:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/\"},\"wordCount\":3042,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTU5ODQyOSM3MzEwNDQwIzIwMDU4Mjc=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\\\/\",\"name\":\"Compass Diversified Completes Restatement of Previously Issued Financial Statements - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/","og_locale":"en_US","og_type":"article","og_title":"Compass Diversified Completes Restatement of Previously Issued Financial Statements - Market Newsdesk","og_description":"WESTPORT, Conn., Dec. 08, 2025 (GLOBE NEWSWIRE) — Compass Diversified (NYSE: CODI) (\u201cCODI\u201d or the \u201cCompany\u201d), an owner of leading middle-market branded consumer and industrial businesses, today announced the filing of its restated financial results for fiscal years 2022, 2023, and 2024 and the financial information for each of the interim periods included within those years. \u201cWe are pleased to have completed this extensive restatement process. The financial and accounting fraud perpetrated by the former CEO of Lugano Holding, Inc. (\u201cLugano\u201d) was pervasive, complex and isolated to Lugano. Our restatement is an important step in putting this chapter behind us,\u201d said Elias Sabo, CEO of CODI. \u201cWe are focused on reducing our leverage and continuing to execute on the strategy … Continue reading \"Compass Diversified Completes Restatement of Previously Issued Financial Statements\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/","og_site_name":"Market Newsdesk","article_published_time":"2025-12-08T12:18:48+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5ODQyOSM3MzEwNDQwIzIwMDU4Mjc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"15 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Compass Diversified Completes Restatement of Previously Issued Financial Statements","datePublished":"2025-12-08T12:18:48+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/"},"wordCount":3042,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTU5ODQyOSM3MzEwNDQwIzIwMDU4Mjc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/compass-diversified-completes-restatement-of-previously-issued-financial-statements\/","name":"Compass Diversified Completes Restatement of Previously Issued Financial Statements - 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