WESTPORT, Conn. (BRAIN) — Compass Diversified, which owns BOA, Lizard Skins and PrimaLoft among other brands, recorded sales of $598 million in its most recent quarter, up 22% from the same period last year.
Compass acquired PrimaLoft Technologies Holdings in July. The company makes high-performance insulation and materials used in outdoor clothing including cycling apparel.
BOA, which makes dial-type fasteners used by many cycling shoe and helmet makers, had sales of $50 million in the quarter ending Sept. 30. That's up from sales of $39.5 million in the period last year. Compass' Marucci division, which includes Lizard Skins, had sales of $42.7 million in the period this year, up from $25 million in the period last year. Marucci, which sells baseball and softball gear, acquired Lizard Skins in October 2021. Lizard Skins still makes bicycle grips, handlebar tape and other products in addition to its ball sports gear.
Compass raised its outlook for the full year; it's now expecting adjusted EBITDA for the full year 2022 of between $460 million and $470 million. It expects adjusted earnings to be $145 million to $155 million.
Compass' shares are traded on the NYSE under the CODI symbol. Stock quotes are available at ir.compassdiversified.com/stock/stock-quote-and-chart.
