secwatch.observer — SEC 8-K summary
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Issuer:     Compass Diversified Holdings (CODI)
CIK:        0001345126
Form:       8-K
Filed at:   2026-08-10T20:14:18+00:00
Accession:  0001345126-26-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1345126/000134512626000062/0001345126-26-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1345122/000134512626000062/codi-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001345126-26-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer