Company: CODI-PB
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001345126-25-000015
Chunk: 69

Company: Compass Diversified Holdings
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 69
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184 $42,284 $24,617 $41,816 $292,508 

112

Reconciliation of Net income (loss) to Adjusted Earnings and Adjusted EBITDA

The following table reconciles Adjusted Earnings to Net income (loss), which we consider the most comparable GAAP financial measure, and Adjusted Earnings to Adjusted EBITDA (in thousands):

Three months endedYear endedMarch 31, 2024June 30, 2024September 30, 2024December 31, 2024December 31, 2024Net income (loss)$5,781 $(13,723)$31,461 $23,831 $47,350 Income (loss) from discontinued options, net of tax317 872 (1,088)(7,006)(6,905)Gain on sale of discontinued operations, net of tax3,345 — — 8,612 11,957 Net income (loss) from continuing operations2,119 (14,595)32,549 22,225 42,298 Less: income from continuing operations attributable to noncontrolling interest7,765 6,041 9,989 13,631 37,426 Net income (loss) attributable to Holdings - continuing operations(5,646)(20,636)22,560 8,594 4,872 Adjustments:Distributions paid: preferred shares(6,045)(6,101)(6,345)(6,967)(25,458)Amortization expense - intangible assets and inventory step-up27,116 26,642 24,956 26,341 105,055 Impairment expense8,182 — — — 8,182 Loss (gain) on sale of Crosman— 24,606 (388)— 24,218 Tax effect - loss on sale of Crosman— 7,254 — — 7,254 Non-controlling shareholder compensation4,071 3,680 4,537 4,057 16,345 Acquisition expenses3,479 — — 1,872 5,351 Integration services fee— 875 875 875 2,625 Other274 130 964 11,820 13,188 Adjusted earnings$31,431 $36,450