EXEC: BOA Posts Strong Double-Digit Increases in Sales and Operating Income for 2024

February 28, 2025

Compass Diversified’s (CODI) Branded Consumer net sales, which includes 5.11 Tactical, Boa, The Honey Pot, Lugano, Primaloft, and Velocity Outdoor, increased 8 percent in the 2024 fourth quarter to $403.0 million year-over-year.

Gross profit was $119.2 million, or 62.5 percent of net sales, for the year ended December 31, 2024, compared to gross profit of $93.0 million, or 59.7 percent of net sales, for the year ended December 31, 2023.

Selling, general and administrative (SG&A) expense for the year was $55.3 million, or 29.0 percent of net sales, compared to $49.0 million, or 31.5 percent of net sales for 2023. SGB