Compass Diversified Hldgs Q1 2024 Adj EPS $0.46 Beats $0.44 Estimate, Sales $524.290M Miss $540.053M Estimate
Portfolio Pulse from Benzinga Newsdesk
Compass Diversified Holdings (CODI) reported Q1 2024 adjusted EPS of $0.46, surpassing the $0.44 estimate, but missed sales estimates with $524.290M against the expected $540.053M. Year-over-year, sales increased by 8.34% from $483.933M.
May 01, 2024 | 9:38 pm
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Compass Diversified Holdings reported higher than expected Q1 2024 EPS but missed on sales estimates, showing mixed financial performance.
The beat on EPS estimates is positive, indicating efficient operations or cost management. However, missing sales forecasts could signal market challenges or lower demand for CODI's products/services. The mixed results present a neutral outlook in the short term as investors weigh the significance of earnings beat against sales miss.
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