Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 154

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 154
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|:----|:--|--------:|:----|------:|:--|:----|:--|--------:|:----|------:|:--|
| Net sales                                   |                | $                       | 532,161 |     | 100.0 | % |     | $ | 533,089 |     | 100.0 | % |     | $ | 486,213 |     | 100.0 | % |
| Gross profit                                |                | $                       | 273,220 |     |  51.3 | % |     | $ | 277,301 |     |  52.0 | % |     | $ | 257,007 |     |  52.9 | % |
| Selling, general and administrative expense |                | $                       | 224,689 |     |  42.2 | % |     | $ | 220,870 |     |  41.4 | % |     | $ | 203,709 |     |  41.9 | % |
| Segment operating income                    |                | $                       |  38,846 |     |   7.3 | % |     | $ |  46,699 |     |   8.8 | % |     | $ |  43,531 |     |   9.0 | % |

<div align='center'>Year ended December 31, 2024 compared to the Year ended December 31, 2023</div>

Net sales

Net sales for the year ended December 31, 2024 were $532.2 million, a decrease of $0.9 million, or 0.2%, compared to the same period in 2023. This decrease was driven by a $10.4 million decrease in direct-to-consumer sales due to less promotional sales and lower off-price selling, as well as a $0.5 million decrease in domestic wholesale sales due to inventory availability. These increases were offset by a $9.0 million increase in international sales from strong demand and a $1.5 million increase in direct-to-agency sales due to the fulfillment of large contracts.

Gross profit

Gross profit as a percentage of net sales was 51.3% in the year ended December 31, 2024 as compared to 52.0% in the year ended December 31, 2023. Gross profit as a