Compass Diversified Holdings reported a net loss of $1.6 million, or $0.05 per share, for the fourth quarter of 2009. The company earned $1.2 million, or $0.04 per share, in the same quarter of 2008.
Compass Diversified Holdings reported a slight decline in revenues on a year over year basis, from $374.8 million in the fourth quarter of 2008 to $362 million in the most recent quarter.
Compass Diversified Holdings also reports an alternative measure of financial performance called Cash Flow Available for Distribution and Reinvestment. This totaled $17.9 million in the fourth quarter of 2009, compared to $11.2 million in the same quarter of 2008.
Joe Massoud, the CEO of Compass Diversified Holdings said, “We are very pleased to report strong results for the fourth quarter, which significantly exceeded our expectation. CODI’s Cash Flow in that period grew by approximately 60% as compared to the year-earlier period. Over the past year and a half, our companies have exploited the difficult economic environment and our comparative financial strength to increase market share relative to their competitors.”
Compass Diversified Holdings paid a cash dividend of $0.34 per share in the fourth quarter of 2009, bringing the company’s cumulative distributions paid to $4.64 per share since it became a public company in May 2006.
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