More on Compass Diversified results

|About: Compass Diversified Hold... (CODI)|By:, SA News Editor

Q2 cash available for distribution and reinvestment of $12.5M or $0.26 per share vs. $23.5M and $0.49 one year ago. Dividend of $0.36.

Subsequent to quarter's end, Compass Diversified (CODI -1.6%) sold about 4.5M shares of FOX for total net proceeds of $65.5M. CODI's ownership stake was lowered to 41% from 53%. As a result, CODI expects to deconsolidate FOX from its consolidated statements beginning this quarter.

As of June 30, CODI has about $115.3M of cash and cash equivalents, $325M outstanding on its term loan facility and no borrowings on its credit line.

Previously: Compass Diversified Holdings misses by $0.07, beats on revenue