CODI Q2 net income $81.1M on Sterno gain; credit facility amended, CEO succession

Compass Diversified Holdings

2026-Q2 EPS reported $0.31 revenue$850,897,000

Q2 GAAP: revenue $424.0M (-11.4% YoY), net income $81.1M ($0.86/share) vs loss of $51.2M (-$0.88).
Non-GAAP Adjusted EBITDA $91.5M, up 12.6% YoY; Branded Consumer +24.2%, Industrial -12.8%.
Completed sale of Sterno Food Service Business; applied >$280M to debt reduction; total debt down to $1,592.3M from $1,890.7M at 12/31/25.
Amended credit facility: maturity extended to Jan 12, 2028; revolver commitments cut from $100M to $54M; leverage covenants reset.
CEO Elias Sabo to retire Dec 31, 2026; Zach Sawtelle named COO and CEO successor.

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