Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 198

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 198
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 the methods used by us and the management of our subsidiary businesses, provides additional insight into our operating results and provides a measure for evaluating targeted businesses for acquisition.

Adjusted EBITDA and Adjusted Earnings exclude the effects of items which reflect the impact of long-term investment decisions, rather than the performance of near-term operations. When compared to net income (loss) and net income (loss) from continuing operations, Adjusted Earnings and Adjusted EBITDA, respectively, are each limited in that they do not reflect the periodic costs of certain capital assets used in generating revenues of our subsidiary businesses or the non-cash charges associated with impairments, as well as certain cash charges. The presentation of Adjusted Earnings provides insight into our operating results. Adjusted EBITDA and Adjusted Earnings are not meant to be a substitute for GAAP, and may be different from or otherwise inconsistent with non-GAAP financial measures used by other companies.

Reconciliation of Net income (loss) from continuing operations to Adjusted EBITDA (as restated)

The following tables reconcile Adjusted EBITDA to net income (loss) from continuing operations, which we consider to be the most comparable GAAP financial measure (in thousands) :

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| Adjusted EBITDA                              
 Year ended December 31, 2024                 |     |           |          |     |      |        |     |     |        |     |                   |          |     |           |         |     |     |        |     |                  |         |     |       |        |     |        |        |     |        |        |     |                         |          |
|:---------------------------------------------|:----|:----------|---------:|:----|-----:|-------:|:----|:----|-------:|:----|:------------------|---------:|:----|:----------|--------:|:----|:----|-------:|:----|:-----------------|--------:|:----|:------|-------:|:----|:-------|-------:|:----|:-------|-------:|:----|:------------------------|---------:|
|                                              |     | Corporate |          |     | 5.11 |        |     | BOA |        |     | Lugano (Restated) |          |     | PrimaLoft |         |     | THP |        |     | Velocity Outdoor |         |     | Altor