CODI

Over the past six months, CODI reported Q1 2026 consolidated net revenues of $426.9 million and a net loss of $30.8 million, though subsidiary Adjusted EBITDA was up 6.3% year-over-year (excluding Lugano). The company completed the sale of Sterno's food service business for $292.5 million, generating approximately $280 million in proceeds, which significantly reduced senior secured debt. A CEO succession plan was announced, with Co-Founder Elias Sabo retiring on December 31, 2026, and Zach Sawtelle succeeding him. CODI entered into a settlement agreement related to its Lugano Diamonds & Jewelry subsidiary's Chapter 11 proceedings to expedite liquidation and cash recoveries. Q2 2026 net revenues were $424.0 million, an 11.4% decrease year-over-year, but net income improved to $81.9 million from a prior year loss, driven by the Sterno sale gain. The company also declared third-quarter 2026 cash distributions on its Series A, B, and C preferred shares. The stock price increased by 57.44% between September 22, 2025, and September 21, 2026, and by 29.94% over the last 12 months, trading between a high of $13.25 and a low of $4.58 over the past 52 weeks.