Compass Diversified Q2 FY26 swings to GAAP profit of $81.87 million; net revenues fall 11.4% to $424.04 million
Reuters2026/08/10 20:39- Compass Diversified Holdings swung to GAAP net income from continuing operations of $81.87 million, as net revenues fell 11.4% to $424.04 million.
- GAAP operating income turned positive at $28.97 million; interest expense narrowed 29.9% to $23.9 million.
- Results included a $182.34 million gain on the sale of a product division, offset by a $58 million non-cash fair-value decrease on a Lugano receivable.
- Management fees dropped 27.4% to $13.82 million, reflecting the Lugano deconsolidation and the May sale of Sterno’s food service business.
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