Company: CODI-PB
Filing Date: 2025-12-08
Form Type: 10-K/A
Source: 0001345126-25-000078
Chunk: 178

Company: Compass Diversified Holdings
Filing Date: 2025-12-08
Form: 10-K/A
Chunk 178
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                                             | (in thousands) | Year ended December 31, |    2024 |     |       |   |     |   |    2023 |     |       |   |     |   |    2022 |     |       |   |
|:--------------------------------------------|:---------------|:------------------------|--------:|:----|------:|:--|:----|:--|--------:|:----|------:|:--|:----|:--|--------:|:----|------:|:--|
| Net sales                                   |                | $                       | 318,448 |     | 100.0 | % |     | $ | 323,830 |     | 100.0 | % |     | $ | 352,152 |     | 100.0 | % |
| Gross profit                                |                | $                       |  85,183 |     |  26.7 | % |     | $ |  78,514 |     |  24.2 | % |     | $ |  67,426 |     |  19.1 | % |
| Selling, general and administrative expense |                | $                       |  38,126 |     |  12.0 | % |     | $ |  36,713 |     |  11.3 | % |     | $ |  30,594 |     |   8.7 | % |
| Segment operating income                    |                | $                       |  31,446 |     |   9.9 | % |     | $ |  24,852 |     |   7.7 | % |     | $ |  19,801 |     |   5.6 | % |

<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 approximately $318.4 million, a decrease of $5.4 million or 1.7% compared to net sales for the year ended December 31, 2023. The net sales variance reflects lower sales due to increased competition in the market as well as changes in consumer discretionary buying behaviors at Rimports as a result of inflationary pressures.

Gross profit

Gross profit was $85.2 million for the year ended December