Compass Diversified Holdings (CODI) Reports Loss Due Mostly To Non Cash Charge
Compass Diversified Holdings reported a net loss of $15.3 million, or ($0.44) per diluted share, in the first quarter of 2010. The company reported a loss of $42.2 million, or ($0.87) per diluted share, in the same quarter in 2009. Compass Diversified Holdings said that almost the entire loss in the first quarter of 2010 was related to a $14.4 million one-time non-cash charge because of a put accrual expense that the company was required to take. Compass Diversified Holdings reported cash flow available for distribution of $11.3 million in the first quarter of 2010. In the first quarter of…