On this page of StockholderLetter.com we present the latest annual shareholder letter from Compass Diversified Holdings — ticker symbol CODI. Reading current and past CODI letters to shareholders can bring important insights into the investment thesis.
0102
5 5 5 9 8, 7 + 1* 40 )8 < /87 3 5 188 /87 3!; 5 ; 7 9# 7 0 ( 8 / 97 8 8 = /79 8 87 / 8 8 9 )788 7 9 / 8 8 2 7 7 6 878 9 7 / 97 8 8 78 )9 (8 9 8 , (87 7 9 968 8 89 7 6 6 87 9 8 789 7 7 )978) 87 2 >8 978 / 8 / 87 ; 9 8 79 87 2 0 1 2 3 4 56678698 5 0 2 4 * 8 8 +9, 9 0 2 4 7 7 9 88 8 0 7 7 9 . / 970 0 5 # 8 $97 6 0 2 59 9/ 8 8 87 9 7 9 3 5 2 7 7 9 88 8 '7 () 35 9 ! 43!4 5 5 # 8 $4* 15 87 9 8 +9, 9 49 8 2 2 7 7 9 . / 970 5 # 8 $4* 15 '7 () + ,9 1 87 68 7 6 8+ 1*9 87 )978) 87 9 8 ,, 7 0 ( 9 87 8 67 , 89 6 8 97:8 / 8 8 )8 7 9 ; /79 8 87; 9 )89 )978 9 7 9 78 87 8 8 7 2
1 0102 455678 9 0102 4 8 5 )0% 0 +,,%-. + 1% 5 8 7 5 78 5 0102 / 5 7 06 1*2 4 6 010 ! 4 06 1*2 4 37$ 5 +011 "7 5 6 010 ! 0102 7 75 6 68 7 7 7 ! 7 5 56 "6 # "6 8 # 75 $ 55 7 75 6 "6 5 % 4 7 786& 5 $75 '7 5# 7 6 5 8 5$ 788 7( 8 75 7 87 6 5 56 $ 7 %
#$#% & 7'98 " 7 87 8 0 678879 8 97 79 23 9 7 7 44 79 7 45 9! 8
 • shareholder letter icon 4/14/2025 Letter Continued (Full PDF)
 • stockholder letter icon 4/12/2023 CODI Stockholder Letter
 • stockholder letter icon 4/10/2024 CODI Stockholder Letter
 • stockholder letter icon More "Consumer Goods" Category Stockholder Letters


CODI Shareholder/Stockholder Letter Transcript:

0102


5 
 5    5   9    8, 7
+ 1*  40   )8  <  /87 3
5       188 /87  3!;   5  ;    7   9# 7 0  ( 8     /    97 8        8         =  /79  8        87  /    8  8   9    )788  
     7 9   /    8  8 2    7    7     6    878        9          7    /    97 8   8   78  )9  (8  9   8 , (87    7   9 968 8   89    
              7   6     6 87   9  8  789       7    7   )978)   87 2  >8  978  /    8    /    87 ;      9  8  79 87 2
0
1
2
3
4
56678698  5           
0
2
4
* 8 8   +9, 9 
0
2
4
      7   7 9   88  8
0

      7   7 9  . /    970  
0


     5 #  8   $97   6 
0
2

59  9/ 8   8  87  
      9  7    9    3   5      

2

      7   7 9   88  8  '7 ()
35   9  ! 43!4 5    
5 #  8   $4* 15
 87 9 8   +9, 9   49 8

2
2
      7   7 9  . /    970  
5 #  8   $4* 15  '7 ()
+  ,9    1 87  68   
7     6   8+ 1*9     87   
 )978)   87   9      8  
 ,, 7   0      (   9  
  87 8  67  ,       89   6  
     8  97:8  /    8  8   
    )8       7 9 ;  /79  8   
     87;  9    )89 )978  
9    7  9        78   
 87 8    8  7 2

1 
0102  455678  9  
0102      4    8     5  
)0%
0 +,,%-.
+ 1%

  5 8  7    5    78    5  0102

/       5  7 06     1*2 4  
    6   010 !
4 06     1*2 4  37$ 5   
+011  "7       5        6   010 !
0102   7   75     
 6     68   7  7   
    7              
    !  7        5  56   
   "6 #  "6 8 #  75   $    
 55 7     75      6     
"6  5   %  4   7   786&
   5  $75 '7  5#      
7     6    5   8    5$  
    788    7( 8     75   
    7   87          6  
 5  56    $         7 %


#$#%  &        7'98
"   7     
   87 8 
0  678879  8    97   79 
23        9    7  7 
44         79    7
45         9! 8  



shareholder letter icon 4/14/2025 Letter Continued (Full PDF)
 

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