BOA and Primaloft Lead Compass Diversified’s Q3 Active Brands Gains
October 30, 2024
Compass Diversified Inc. (CODI) reported sales grew 22.3 percent at BOA and 25.2 percent at PrimaLoft to lead the gains among its active lifestyle brands.
At BOA, sales reached $45.6 million against $37.3 million a year ago. Non-GAAP adjusted EBITDA for BOA reached $17.1 million against $13.2 million a year ago, representing a gain of 28.4 percent.
PrimaLoft’s sales reached $13.7 million compared with $10.9 million a year ago. Non-GAAP adjusted EBITDA for PrimaLoft slightly more than doubled to $10.9 million from $4.05 million.
Sales at 5.11, the tactical brand, in the third quarter grew 3.0 percent to $139.2 million from $135.2 million a year ago. Non-GAAP adjusted EBITDA reached $21.0 million, up slightly from $20.2 million a year ago.
Velocity Outdoor’s sales declined 47.1 percent to $28.8 million from $54.5 million, reflecting the sale of Crosman Corp., its airgun product division, to Daisy Manufacturing Company. Non-GAAP adjusted EBITDA fell 59.0 percent to $3.1 million from $7.5 million. SGB