Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 162

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 162
---
4 million) as a result of the restatement of the operating results of Lugano.

Segment operating loss (as restated)

Segment operating loss increased $4.2 million during the year ended December 31, 2023 to $54.4 million compared to segment operating loss of $50.2 million during the same period in 2022, principally as a result of the decrease in sales and gross profit in 2023, as described above.

#### PrimaLoft

### Overview
PrimaLoft Technologies is a leading provider of branded, high-performance synthetic insulation and materials used primarily in consumer outerwear and accessories. The portfolio of PrimaLoft synthetic insulations offers products that can both mimic natural down aesthetics and provide the freedom to design garments ranging from stylish puffers to lightweight performance apparel. PrimaLoft insulations also offer superior economics to the brand partner and enable better sustainability characteristics through the use of recycled, low-carbon inputs. PrimaLoft is headquartered in Latham, New York.

### Results of Operations
In the following results of operations, we provide comparative pro forma results of operations for PrimaLoft for the year ended December 31, 2022 as if we had acquired the business on January 1, 202 2. The results of operations that follow include relevant pro-forma adjustments for pre-acquisition periods and explanations where applicable. The ope rating results for PrimaLoft have been included in the consolidated results of operation from the date of acquisition, July 12, 2022.

|                                             |     | Year ended December 31, |   2024 |     |       |   |     |   |    2023 |     |       |   |     |           |   2022 |     |       |   |
|:--------------------------------------------|:----|:------------------------|-------:|:----|------:|:--|:----|:--|--------:|:----|------:|:--|:----|:----------|-------:|:----|------:|:--|
| (in thousands)                              |     |                         |        |     |       |   |     |   |         |     |       |   |     | Pro forma |        |     |       |   |
| Net sales                                   |     | $                       | 74,226 |     | 100.0 | % |     | $ |  67,053 |     | 100.