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Compass Diversified Holdings CODI Primaloft — Impairment expense

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Other financials

Income statement

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Revenue$424.0M-11.4%
Gross profit$200.0M-4.1%
Operating income$29.0M+206%
Net income$81.1M+258%
EPS (diluted)$0.86+198%

Balance sheet

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Cash & equivalents$87.4M+18.6%
Total debt$1.7B-15.6%
Total equity$472.6M-21.5%
Total assets$2.8B-15.9%

Cash flow

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Operating cash flow$29.7M+184%
CapEx$6.2M-42.7%
Free cash flow$23.5M+151%

Valuation

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Market cap$810.29M+64.2%
Enterprise value$2.47B-0.8%
P/S0.5×+0.2×

Profitability

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Gross margin44.6%+2.5pp
Operating margin3.5%+2.6pp
Net margin-5.3%-1.5pp
FCF margin-10.1%+5.3pp

Returns & leverage

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Return on equity-17.7%-3.9pp
Debt / equity3.7×+0.3×
Current ratio2.3×+1.9×

Where this comes from

Reported directly by Compass Diversified Holdings in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Compass Diversified Holdings’s 10-Q, filed July 31, 2024.

Filed
Jul 31, 2024
Fiscal quarter
Q2 FY2024
Calendar quarter
Q2 2024
Accession
0001345126-24-000039
(in thousands)Fair Value Measurements at December 31, 2023 / Carrying ValueFair Value Measurements at December 31, 2023 / Level 1Fair Value Measurements at December 31, 2023 / Level 2Fair Value Measurements at December 31, 2023 / Level 3Expense / Year ended / December 31, 2023
Goodwill - Velocity$8,182$8,182$31,590
Goodwill - PrimaLoft$232,536$232,536$57,810

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Compass Diversified Holdings's primaloft — impairment expense?
Compass Diversified Holdings (CODI) reported primaloft — impairment expense of $57.81M in Q1 2024.
How has Compass Diversified Holdings's primaloft — impairment expense changed year-over-year?
Compass Diversified Holdings's primaloft — impairment expense increased by 300.0% year-over-year, from $14.45M to $57.81M.
What does primaloft — impairment expense mean?
This represents the non-cash charge recognized when the carrying amount of an asset or reporting unit exceeds its recoverable fair value. It signals that the segment's historical performance or future growth prospects have deteriorated, necessitating a write-down of asset values. Investors use this to identify segments experiencing structural challenges or overvaluation of past acquisitions.

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