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Compass Diversified (NYSE:CODI ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Cody Slach - Gateway Group Elias Sabo - Chief Executive Officer Pat Maciariello - Chief Operating Officer, Compass Group Management Ryan Faulkingham - Chief Financial Officer Conference Call Participants Larry Solow - CJS Securities Robert Dodd - Raymond James Chris Kennedy - William Blair Barry Haimes - Sage Asset Management Operator Good afternoon, and welcome to Compass Diversified's Third Quarter 2023 Conference call. Today's call is being recorded.
WESTPORT, Conn., Oct. 19, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the third quarter ended September 30, 2023, on Thursday, November 2, 2023, after the close of market trading. The Company has scheduled a conference call to discuss the results on Thursday, November 2, 2023, at 5:00 p.m. ET.
Compass Diversified (CODI) has returned a significant amount of capital to shareholders with a yield over 5%. CODI's diverse investment strategy allows them to explore opportunities across different sectors of the economy. Despite macro headwinds, CODI's industrial businesses are expected to continue producing solid growth and adjusted EBITDA.
Compass Diversified has high levels of debt and unclear trajectory, making it a risky investment. The company's financial metrics have not met the minimum requirements. It's a pass for me until I see the metrics improve, although current investors are getting a decent dividend yield.
Compass Diversified (NYSE:CODI ) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET Company Participants Elias Sabo - Chief Executive Officer Pat Maciariello - Chief Operating Officer, Compass Group Management Ryan Faulkingham - Chief Financial Officer Conference Call Participants Larry Solow - CJS Securities Derek Sommers - Jefferies Matthew Howlett - B. Riley Operator Good afternoon, and welcome to Compass Diversified's Second Quarter 2023 Conference call.
WESTPORT, Conn., July 19, 2023 (GLOBE NEWSWIRE) -- Compass Diversified (NYSE: CODI) (“CODI” or the “Company”), an owner of leading middle market businesses, announced today that it plans to release financial results for the second quarter ended June 30, 2023, on Wednesday, August 2, 2023, after the close of market trading. The Company has scheduled a conference call to discuss the results on Wednesday, August 2, 2023, at 5:00 p.m. ET.
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Here is how Compass Diversified Holdings (CODI) and Kinsale Capital Group, Inc. (KNSL) have performed compared to their sector so far this year.
Compass Diversified shares are undervalued due to a low in its earnings cycle and expected solid EPS growth in the coming quarters. CODI's price-to-book ratio is near its long-term average, but steadier profits lead to an attractive P/E, warranting a valuation premium. The stock chart exhibits a golden cross, but there is a high amount of volume by price up to the $24 level, making it tough for bulls technically.
Compass Diversified Holdings (CODI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).