- Compass Diversified Holdings ( NYSE: CODI ) has authorized $50M buyback of issued and outstanding common shares through December 31, 2023.
- “CODI continues to produce strong financial and operational results, and the implementation of our first share repurchase program reflects our confidence in the future of the Company,” said Elias Sabo, CEO of Compass Diversified ( CODI ). “CODI’s long-term ownership of leading middle market businesses using our permanent capital base has been a proven driver of shareholder returns, and we believe this new repurchase program is another tool to opportunistically maximize this value.”
- CODI stock higher 1.2% in premarket session.
- A quick look at the company's ownership structure:
For further details see:
Compass diversified announces $50 million share repurchase program