Quarterly ResultMay 6, 2026, 04:23 PM
Compass Diversified Q1 Net Loss $(30.76)M; Sterno Sale Pending
AI Summary
Compass Diversified Holdings reported a net loss attributable to Holdings of $(30.76) million for Q1 2026, compared to a net loss of $(29.99) million in Q1 2025, with net revenues decreasing to $426.86 million. The company also entered into a definitive agreement on March 28, 2026, to sell its Sterno business for an enterprise value of $292.5 million, with proceeds intended for debt reduction. This quarter's results continue to be impacted by the deconsolidation of Lugano in November 2025 following its Chapter 11 bankruptcy filing, and the company has suspended quarterly cash distributions on its common shares.
Key Highlights
- Sterno sale agreement for $292.5M enterprise value on March 28, 2026.
- Q1 2026 Net Loss attributable to Holdings: $(30.76)M vs. $(29.99)M in Q1 2025.
- Q1 2026 Net Revenues: $426.86M, down from $453.78M in Q1 2025.
- Q1 2026 Operating Loss: $(1.93)M vs. Operating Income $3.44M in Q1 2025.
- No cash distributions declared for Q1 2026; $0.25 per share in Q1 2025.
- Lugano deconsolidated in Nov 2025 due to Chapter 11 bankruptcy.
- Receivable from unconsolidated affiliate (Lugano) valued at $97.0M at March 31, 2026.
- Cash and cash equivalents $60.75M at March 31, 2026, down from $68.02M.
Price Impact
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